Hackers steal directly from banks in ‘new era’ of cyber crime


Source: National Cyber Security – Produced By Gregory Evans

An international band of cyber crooks that worked its way into dozens of banks has experts warning of a “new era” of cyber crime where criminals steal directly from banks instead of their customers. And the problem could soon spread to other industries, experts warn. On Monday, Moscow-based security firm Kaspersky Lab released a report showing that a gang of international hackers have stolen as much as $1 billion from 100 banks across 30 countries by installing malware that allowed them to take control of the banks’ internal operations. While such hacks have been attempted before, the scale and sophistication of the attacks, which spanned several nations over several years, has experts worried that this represents a new trend. “The recent news of bank thefts around the world is an example of the new normal in terms of cyber attacks leveraging insider threats,” says Eric Chiu, president and co-founder of HyTrust, a cloud services company. Previously, the biggest cyber threat to banks was of hackers going after customers, including lifting their personal financial information and skimming their cards. The scheme, which goes back as far as 2013, used phishing and other techniques to infect bank employee computers, and then to […]

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