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Police breaks up cybergang that stole over US$15 million from banks

Lucian Constantin | April 28, 2015
Romanian authorities detained 25 suspected members of an international gang of cyberthieves who hacked into banks and cloned payment cards.

Security researchers are reporting a trend for cybercriminals to go directly after financial institutions instead of their customers. In February, researchers from Kaspersky Lab reported that a gang called Carbanak stole up to $1 billion from banks and other financial institutions in 25 countries after infecting their systems with malware and carefully learning their internal procedures. The primary attack vector used was spear phishing, targeted emails containing malicious attachments.

 

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