Hacking ring responsible for theft of $1B from banks


ASSOCIATED PRESS: The cybercriminals have been active since at least the end of 2013, a cybersecurity report says.

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ASSOCIATED PRESS: The cybercriminals have been active since at least the end of 2013, a cybersecurity report says.

After gaining access to banks’ computers through phishing schemes and other methods, they lurk for months to learn the banks’ systems, taking screen shots and even video of employees using their computers, the company says.

Once the hackers become familiar with the banks’ operations, they use that knowledge to steal money without raising suspicions, programming ATMs to dispense money at specific times or setting up fake accounts and transferring money into them, according to Kaspersky. The report is set to be presented Monday at a security conference in Cancun, Mexico. It was first reported by The New York Times.

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