$1 million hacked from Citibank in 60 seconds

Though a low-tech robbery, criminals would open accounts at Citibank, then go to casinos in California and Nevada and withdraw the money from cash-advance kiosks as many times as they could in a 60-second span. Someone had figured out that a glitch prevented Citibank from recording the extra withdrawals. http://alrt.co/RAU0uo

Takeaway: While advancements in technology have created a world of accessibility to users and convenience for consumers, they have also left room for criminals to exploit even the smallest of loopholes.