A hacking ring has stolen up to $1billion from banks around the world in what would be one of the biggest banking breaches known, a Russian cybersecurity firm says in a report.
Questions were raised in late 2013 when an ATM in Kiev, Ukraine, began dispensing money at random times, when no one had put in a card or touched a button.
Security cameras shows that money would be picked up by customers who appeared to be in the right place at the right time.
But when Kaspersky Lab was called in to investigate, it was revealed that the ATM was part of a much-larger banking breach.
A hacking ring has stolen up to $1billion from banks around the world in what would be one of the biggest banking breaches known.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
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A hacking ring has stolen up to $1billion from banks around the world in what would be one of the biggest banking breaches known.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
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.
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 report 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 on 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 $10million before moving on to another bank, part of the reason why the fraud was not detected earlier, Kaspersky principal security researcher Vicente Diaz said in a telephone interview with The Associated Press.
The attacks are unusual because they target the banks themselves rather than customers and their account information, Diaz said.
Source: Daily Mail UK
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