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60m Euro is Stolen From Bank Accounts in a Massive Cyber Raid

Fraud Ring In Hacking Attack On 60 Banks

Some 60m euro is stolen from bank accounts in a massive cyber raid, after fraudsters raid dozens of banks around the world.

Sixty million euro has been stolen from bank accounts in a massive cyber bank raid after fraudsters raided dozens of financial institutions around the world.

According to a joint report by software security firm McAfee and Guardian Analytics, more than 60 firms have suffered from what it has called an “insider level of understanding”.

“The fraudsters’ objective in these attacks is to siphon large amounts from high balance accounts, hence the name chosen for this research – Operation High Roller,” the report said.

“If all of the attempted fraud campaigns were as successful as the Netherlands example we describe in this report, the total attempted fraud could be as high as 2bn euro (£1.6bn).”

Read the rest of the article here: Sky News