€1 Billion Stolen From Banks Worldwide and Laundered via Cryptocurrency
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€1 Billion Stolen From Banks Worldwide and Laundered via Cryptocurrency
Europol has arrested the ringleader of a gang responsible for stealing over 1 billion EUR from more than 100 banks in 40 countries. The stolen money was converted to cryptocurrency for laundering, according to a Europol press release.
The hacks began in 2013 and became increasingly sophisticated over time as the gang upgraded its malware. The first iteration was called Anunak, in 2014 it was upgraded to Carbanak and in 2016 the gang switched to using a modified security programme called Cobalt Strike.
The viruses allowed the gang to control computers remotely. Legitimate-looking emails containing the virus were ... (read more)
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