According to New York Times, a group of cybercriminals used malicious software to steal at least $300 million from banks and other financial institutions around the world, which could prove to be one of the biggest bank thefts ever.
Russian cybersecurity firm, Kaspersky Lab was called to Ukraine to investigate. It discovered that the errant machine was the least of the bank's problems. The bank's internal computers, used by employees who process daily transfers and conduct bookkeeping, had been penetrated by malware that allowed cybercriminals to record their every move. The malicious software lurked for months, sending back video feeds and images that told a criminal group -including Russians, Chinese and Europeans -how the bank conducted its daily routines.
The group then impersonated bank officers, not only turning on various cash machines, but also transferring millions of dollars from banks in Russia, Japan, Switzerland, the US and the Netherlands into dummy accounts set up in other countries.
