cyber attacks hit global banks for 80 mn
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

Cyber attacks hit global banks for $80 mn

Arab Today, arab today

Arab Today, arab today Cyber attacks hit global banks for $80 mn

Washington - AFP

A wave of cyber attacks has likely stolen at least $80 million from bank accounts in Europe, the United States and elsewhere, a security report said Tuesday. The joint report by Guardian Analytics and McAfee said \"Operation High Roller\" was led by criminals attacking cloud-based servers in a global fraud campaign. The report from the two US firms said the attacks tried to steal between $75 million and $2.5 billion (60 million to two billion euros) from at least 60 banks worldwide. The ring used \"sophisticated\" techniques including automation and targeted high-value accounts in Europe before moving to Latin America and the United States, it said. \"This is a serious new threat that is actively targeting American financial institutions,\" a statement from Guardian Analytics said. \"To the best of our knowledge the scheme has already netted nearly $80 million worldwide, and it could be much higher.\" The report offers insight into hacking into banks, which is often not disclosed by financial institutions. \"As this research study goes to press, we are working actively with international law enforcement organizations to shut down these attacks,\" the report said. In the attacks uncovered earlier this year, the criminals \"attempted transfers to mule business accounts as high as 100,000 euros,\" the report said. \"Where Europe has been the primary target for this and other financial fraud rings in the past, our research found the thefts spreading outside Europe, including the United States and Colombia.\" In the United States, \"victims were all companies with commercial accounts with a minimum balance of several million dollars.\" In most cases, the victims were found through online reconnaissance and \"spear phishing,\" which uses a fake email to get an account holder\'s login details and password. The first attacks affected \"a popular bank in Italy and its consumer and business accounts\" and used SpyEye and Zeus malware to transfer funds to a \"mule account\" or pre-paid debit card where the thief could retrieve the funds quickly and anonymously. But later attacks showed increased automation and sophistication, in some cases taking over the victim\'s account without an attacker\'s active participation. In some cases, the criminals were able to bypass smartcard readers which offer extra authentication used in many European banks. \"This ring adds many breakthroughs: bypasses for physical \'chip and pin\' authentication, automated mule account databases, server-based fraudulent transactions,\" the report said. It said the attacks hit \"every class of financial institution: credit union, large global bank, and regional bank.\" In some attacks, transactions were routed through a server in California, but the researchers said they \"found evidence of the fraudster logging in from Moscow, Russia, to manipulate some of the transactions.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cyber attacks hit global banks for 80 mn cyber attacks hit global banks for 80 mn

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cyber attacks hit global banks for 80 mn cyber attacks hit global banks for 80 mn

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 01:41 2017 Saturday ,12 August

Moroccan video sparks debate on sexual harassment
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday