Logic Switch

1. Logic switch refers to the act of manipulating account balances and withdrawal limits by financially-motivated cyber criminals that are aiming to create non-existent funds, bypass security measures and cash out quickly. Related Term:Conduit Devices Click to know more about expert level training (Source: Business Continuity Management Institute - BCM Institute)

 

A Manager’s Guide to Business Continuity Management for Cybersecurity Incident Response

2. Manipulation of account balances and withdrawal limits is a tactic used by financially-motivated threat actors to create non-existent funds, bypass security measures, and cash out quickly. These threat actors inflate banking and/or gift card balances by compromising databases, modifying specific tables (pump), and then initiating fraudulent transactions before losses are discovered (dump).
Source: (Verizon, 2016)