Slashdot Mirror
Bank Hackers Steal Millions Via Malware
An anonymous reader writes: When cybersecurity firm Kaspersky Lab was called in to investigate ATMs that had begun dispensing cash without input from users, they expected to find a simple problem. Instead, they found the ATMs were just the tip of the iceberg. The bank's internal computer systems were completely compromised, and in addition to the slow but steady siphoning of funds through physical machines, a criminal group was quietly transferring millions of dollars into foreign bank accounts. A report set to be published on Monday shows the attack extended to over 100 banks in 30 nations.
"Kaspersky Lab says it has seen evidence of $300 million in theft from clients, and believes the total could be triple that. But that projection is impossible to verify because the thefts were limited to $10 million a transaction, though some banks were hit several times. In many cases the hauls were more modest, presumably to avoid setting off alarms." Kaspersky Lab is unable to name the banks involved because of non-disclosure agreements, and no banks have come forward to acknowledge the breach. "The silence around the investigation appears motivated in part by the reluctance of banks to concede that their systems were so easily penetrated, and in part by the fact that the attacks appear to be continuing."
"Kaspersky Lab says it has seen evidence of $300 million in theft from clients, and believes the total could be triple that. But that projection is impossible to verify because the thefts were limited to $10 million a transaction, though some banks were hit several times. In many cases the hauls were more modest, presumably to avoid setting off alarms." Kaspersky Lab is unable to name the banks involved because of non-disclosure agreements, and no banks have come forward to acknowledge the breach. "The silence around the investigation appears motivated in part by the reluctance of banks to concede that their systems were so easily penetrated, and in part by the fact that the attacks appear to be continuing."
It learned from the Depression that its defense of the gold standard and reluctance to commit to expansionary monetary policy prolonged the depression.
Really? Im pretty sure that politics had more to do with the prolonging of the great depression. I know FDR likes to get credit for it, but truth is he made things worse, it wasnt until war was around the corner that we actually started to come out of it
I have yet to hear anyone talking about the feds role in things, do you have any reading suggestions?? Id love to look into it more
have you seen my sig? there are many others like it but none that are the same