$1bn stolen from banks by hackers

16 February 2015

cyber crime Cyber criminals have been having a prosperous time as (up to) 100 financial institutions have had $1 BILLION stolen from them what has been described as an "unprecedented cyber robbery".

Security firm Kaspersky Lab reckon that, what equates to £648m, has been swiped which started in 2013 and are still going. It seems that these criminals are all based in Russia, Ukraine and China. Commies, eh?

Kaspersky have been working with Interpol and Europol to investigate this thievery, and that the money was nicked from Germany, Russia, North America, China, Ukraine and Canada. Not the UK though. Presumably criminals have got a respect for the villains that work in our banks.

"These attacks again underline the fact that criminals will exploit any vulnerability in any system," said Sanjay Virmani, director of Interpol's digital crime centre. Kaspersky added that these ne'er-do-wells herald a new era in cyber crime where "malicious users steal money directly from banks and avoid targeting end users".

The crooks have been given a name too, with Kaspersky calling them Carbanak. The name is hardly the Crips or the Sinaloa Cartel, and sounds more like a silo full of pasta, but we can't have everything. Anyway, the gang are using computer viruses to get into networks with malware, which sometimes includes surveillance hacks which allows them to see and record everything that happens on staff screens. Very clever.

They can also transfer funds as well as, rather excitingly, tell cash machines to give out money at designated times of the day. Maybe that's what was happening in Stanground last week?

Kaspersky say that each robbery took between two and four months, with around $10m taken each time: "It was a very slick and professional cyber robbery," said Kaspersky Lab's principal security researcher, Sergey Golovanov.

TOPICS:   Banking   Scams

1 comment

  • Sawyer
    North America AND Canada?

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