Banking hack heist yields up to $1 billion
By Mike Snider and Kaja Whitehouse , USA TODAY. Source usatoday.com
An international hacking ring has stolen as much as $1 billion from more than 100 banks in 30 countries in what may be the biggest banking breach ever, a new report shows.
The scheme, which goes back as far as 2013, uses malware so sophisticated that hackers have used it to dispense cash from ATMs without any physical contact with the machines, according to the report by Moscow-based security firm Kaspersky Labs.
The hackers then sent mules to pick up the cash, according to the shocking report released Monday.
The malware used in the hacks, dubbed Carbanak, targets employees of banking institutions, rather than customers, and suggests a “new era in cybercrime” in which criminals go after institutions’ internal operations, the report said. Read More Here