Monday, 26 March 2018

Arrests after hackers make ATMs across Europe dispense cash

A cybercrime mastermind who remotely instructed ATMs across Europe to dispense cash to waiting gang members has been arrested.
The criminal organisation hacked into over 100 financial institutions in 40 countries and caused cumulative losses of more than €1bn (£872m).
After infecting the financial institutions' computer networks through spear phishing attacks against their employees, the group arranged for thousands of ATMs across Europe to dispense cash to waiting money mules.

It also used the e-payment network to directly transfer money out of the victim organisations and into criminal accounts.

In some cases, the criminals modified databases with account information to show certain bank accounts with inflated balances - with money mules again being used to collect this cash.

The leader of the organised crime group, whose name has not been released, was arrested in Alicante by the Spanish national police after an international investigation coordinated by Europol.

SKY          News.

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