Cyber Criminals Steal £195m From Global Banks


Source: National Cyber Security – Produced By Gregory Evans

A group of hackers has stolen at least $300m (£195m) from a number of banks since 2013, according to a security company. Kaspersky Lab said the total amount stolen could be as high as $1bn (£650m), which it described as “an unprecedented cyber robbery” and “a new stage in the evolution of cyber criminal activity”. The security company has worked with Interpol, Europol and other law enforcement authorities. It said that a “multinational gang” of criminals – from Russia, Ukraine, China and parts of Europe – were behind the ongoing attacks. Up to 100 banks and financial institutions were targeted, in around 30 countries, although the majority were in Russia. Each robbery took between two and four months, and up to $10m (£6.5m) was stolen in each. The criminals first gained access to a bank by infecting an employee’s computer through a spear phishing email – a targeted message which resembles a trustworthy source – that infects the machine with what Kaspersky have called “Carbanak” malware. This allows remote surveillance of a network, and the criminals then bide their time and observe the screens of bank staff who handle cash transfers. When they understand enough about the system they would […]

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