- According to cybersecurity firm Kaspersky Lab, hackers may have stolen up to$1 billion from banks around the world by gaining access to their systems, then stealing money without raising suspicions.
- It’s reported that the hackers gained access to banks’ computers through phishing schemes in order to become accustomed to their systems – then used this knowledge to steal money by programming ATMs to dispense money at certain times or transferring money into previously established fake accounts.
- It is believed that the hackers have been active since late 2013, have targeted more than 100 banks in 30 countries and have been able to avoid earlier detection because they typically confine their theft to $10 before moving to another bank.
- Kaspersky reports that most of the targets have been in Russia, the USA, Germany, Ukraine and China.
- In one case, a bank reports that it lost $7.3 million through ATM fraud.
- The banks have not been identified as investigations continue.