Europol announced today that the suspected leader of an international bank heist scheme has been arrested. The arrest was a result of an investigation that involved a number of cooperating law enforcement groups including the Spanish National Police,...
Suspect arrested for cyber bank heists that amassed $1.2 billion
Europol announced today that the suspected leader of an international bank heist scheme has been arrested. The arrest was a result of an investigation that involved a number of cooperating law enforcement groups including the Spanish National Police,...
The financial industry has used a messaging system made by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) to securely authenticate transfers between banks for decades. But recent fraudulent money requests have broken the syst...
Banks use a service to send secure messages built by the Society for Worldwide Interbank Financial Telecommunications (SWIFT) to send financial transaction instructions. But recently it hasn't been so secure: Hackers stole $12 million from Ecuador ba...
Earlier this week reports showed another round of SWIFT-related cyber heists, this time targeting banks in Ecuador. A new report in Reuters sheds light on what actually happened to the high-tech thieves' $12-million loot. Apparently, they moved $9 mi...