A hacking ring has stolen up to $1 Billion dollars from banks around the world. This is one of the biggest banking breaches; infiltrated more than 100 banks in 30 countries. American banks were targeted but at this time no breaches have been confirmed on our soil.
The hackers methods was slow and study watching, learning how these banks moved and balanced accounts. Dating back to 2013 they got into the different systems by sending random emails to bank employees. Once the employees clicked on a link, the virus was free to roam and spy on employees on their banks financial systems. After gaining enough info they would use a few different methods to gain about $10 million as their ceiling that made it hard to detected.
They used a few methods to get funds from the banks in plain sight. The Hackers reprogrammed ATMs to dispense money at specific times and set up fake accounts to transfer money into them. These types continued to work to the tune of $10 Million through Online Banking, and another $7.3 Million at ATMs.
So as things get more and more computerized look for more security but we have to remember the brains to make the firewalls security are also the same brains to hack them. Be smart and check your balances to avoid you accounts from being hit.
