Logic Switch

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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







(Source: Business Continuity Management Institute - BCM Institute)

 

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)