The good news is that the stolen money did not belong to individual accounts so no one who has a prepaid card has to worry. It was stolen from two middle Eastern banks, Rakbank and Muscat Bank, both banks racked in millions in net profit in 2012. The demographic that uses prepaid bank cards, poor people, includes trans folk who suffer incredible job discrimination.
"Hackers got into bank databases, eliminated withdrawal limits on pre-paid debit cards and created access codes. Others loaded that data onto any plastic card with a magnetic stripe — an old hotel key card or an expired credit card worked fine as long as it carried the account data and correct access codes."
Source USA Today "After penetrating the processor's computer network, the hackers fraudulently manipulated the balances and withdrawal limits on Rakbank prepaid debit card accounts. Then, teams of so-called cashers allegedly launched carefully timed attacks that caused more than $5 million in criminal losses from more than 4,500 ATMs in about 20 countries."
"In just two hours and 25 minutes, the thieves allegedly conducted 750 fraudulent transactions that withdrew nearly $400,000 from approximately 140 New York City ATM locations, according to prosecutors and the indictment."
"The alleged second unlimited operation unfolded between the afternoon of Feb. 19 and the pre-dawn hours of the following day. This time, the gang's hackers allegedly compromised computers of the processor of prepaid debit cards for the Bank of Muscat, located in Oman."
"In approximately 10 hours, casher cells in 24 countries conducted approximately 36,000 ATM transactions worldwide, withdrawing an estimated $40 million, the indictment charged. The haul included $2.4 million withdrawn by the alleged New York crew."
Modern day Robin Hoods? Not. But at least they didn't steal from the poor. They stole from the filthy rich.
Yaoyao, one of the winners runs a photo studio for lesbians in Shandong province '... works in an organisation with quite a few transgender people and she already has the permission of one of them to film the whole process [from female to male],’ Stijn Deklerck of Queer Comrades told
Gay Star News in 2012 . ‘And that's a story that hasn't really been covered in China. There have been quite a few documentaries and films about male-to-female transgenders, but there's not been very much on female-to-male.
That's about to change. The Netherlands Embassy in Beijing, Queer Comrades, the Aibai Culture & Education Center, the Beijing Gender Health Education Institute and Common Language are holding an event in connection with the International Day Against Homophobia and Transphobia (IDAHO) on Friday 17 May, 14.00 – 17.00 pm.
The event is hosted by and will take place at the Netherlands Embassy in Beijing. It will consist of the premiere of the documentary “Brothers” produced by the LGBT organization Queer Comrades (you can watch the trailer here), a panel discussion including Yaoyao (director of thedocumentary), Tony (transgender man, documentary main character), Joanne Leung (founder Transgender Resource Center Hong Kong), Zhen Hongli (psychologist Global Care Women & Children’s Hospital Beijing), and Guo Yanan (Aibai Transgender Program Assistant). This will be followed by an informal networking event where you are encouraged to get to know the Beijing LGBT organizations and their work on transgender issues. The documentary will be provided with Chinese -English subtitles, the panel discussion will take place in the Chinese language without translation.
As seating is limited, please confirm your attendance by writing an email to IDAHO2013@163.COM. We will give priority seating to members of the media, educational professionals and psychological counselors, so please specify your affiliation in this regard.
Address: Netherlands Embassy in Beijing, Liangmahe South Road #4, Chaoyang, Beijing
Tel. : (+86 10) 8532 0200