Hacker ring stole $1B from banks in 30 countries, says report

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Source: National Cyber Security – Produced By Gregory Evans

A hacking ring has stolen up to $1 billion from banks around the world in what would be one of the biggest banking breaches known, a cybersecurity firm says in a report scheduled to be delivered Monday. The hackers have been active since at least the end of 2013 and infiltrated more than 100 banks in 30 countries, according to Russian security company Kaspersky Lab. Target¬†cyberattack¬†pits banks, retailers against each other Home Depot security hack: What to do if your cards are breached Cyberattack hits South Korean banks, TV networks After gaining access to banks’ computers through phishing schemes and other methods, they lurk for months to learn the banks’ systems, taking screen shots and even video of employees using their computers, the company says. Once the hackers become familiar with the banks’ operations, they use that knowledge to steal money without raising suspicions, programming ATMs to dispense money at specific times or setting up fake accounts and transferring money into them, according to Kaspersky. The report is set to be presented Monday at a security conference in Cancun, Mexico. It was first reported by The New York Times. The hackers seem to limit their theft to about $10 million […]

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