ISB Editorial Staff

Kaspersky Lab, INTERPOL, Europol and authorities from different countries have combined efforts to uncover the criminal plot behind an unprecedented cyber robbery. Up to one billion American dollars was stolen in approximately two years from financial institutions worldwide. The experts report that responsibility for the robbery rests with a multinational gang of cybercriminals from Russia, Ukraine and other parts of Europe, as well as from China.

Read More

As just reported, a sophisticated ring of hackers has stolen up to $1Bil from more than 100 banks in 30 countries. The Carbanak Ring operated for at least a year, lurking to detect line-of-business patterns and passwords and then orchestrating an array of fraudulent account transfers and carefully-timed ATM cash dispensations via banks around the world.

Read More