Despite increased online and mobile banking security, banks are more often being targeted by hackers. A hacker group has infiltrated a number of banks and financial institutions in several countries, stealing hundreds of Millions of dollars in possibly the biggest bank heist the world has ever seen.
According to a report published by the New York Times on Saturday, hackers have stolen as much as $1 Billion from more than 100 banks and other financial companies in almost 30 nations, making it "the most sophisticated attack the world has seen to date."
In late 2013, banks in Russia, Japan, Europe, the United States and other countries fell victim to a massive, sophisticated malware hack that allowed the hackers to spy on bank officials in order to mimic their behavior, according to an upcoming report by Kaspersky Labs received by the NY Times.
CARBANAK BANKING MALWARE IN THE WILD
In order to infect bank staffs, the hacker group sent malicious emails to hundreds of employees at different banks. Once open, the email downloads a malware program called Carbanak, that allegedly allowed perpetrators to transfer money from the banks to fake accounts or ATMs monitored by criminals. Read Full Article