16 February 2015

Cyber bank robbers steal a billion


The BBC has an article about a big haul, all done electronically:
Up to a hundred banks and financial institutions worldwide have been attacked in an "unprecedented cyber-robbery", claims a new report from computer security firm Kaspersky Lab, which estimates a billion dollars has been stolen in the attacks, which it says started in 2013 and are still ongoing.
A cyber-criminal gang with members from Russia, the Ukraine, and China is responsible, it said. Kaspersky said it worked with Interpol and Europol on the investigation. It said the attacks had taken place in thirty countries, including financial firms in Russia, the US, Germany, China, the Ukraine, and Canada.
"These attacks again underline the fact that criminals will exploit any vulnerability in any system," said Sanjay Virmani, director of Interpol's digital crime centre.
Kaspersky said the gang's methods marked a new stage in cyber-robbery, where "malicious users steal money directly from banks and avoid targeting end users".
The gang, which Kaspersky dubbed Carbanak, used computer viruses to infect company networks with malware including video surveillance, enabling it to see and record everything that happened on staff's screens. In some cases it was then able to transfer money from the banks' accounts to their own, or even able to tell cash machines to dispense cash at a pre-determined time of day.
Kaspersky said, on average, each bank robbery took between two and four months, with up to ten million dollars stolen each time. "It was a very slick and professional cyber robbery," said Kaspersky Lab's principal security researcher, Sergey Golovanov.
The Financial Services Information Sharing and Analysis Center, a body that alerts banks about hacking activity, said that its members had received a briefing about Kaspersky's report in January of 2015. "We cannot comment on individual actions our members have taken, but on balance we believe our members are taking appropriate actions to prevent and detect these kinds of attacks and minimize any effects on their customers,'' it said in a statement.
Rico says somebody is gonna have to go after these guys, now that they've made it worthwhile...

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