Search
 
News

U.S., EU Officials Stop $100 Million Cyberattack

Global crime ring developed malware to steal banking login details, then initiate wire transfers from thousands of businesses.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

U.S. and European law enforcement officials said on Thursday that they had dismantled a global organized cybercrime network, which used malware to steal banking login details in an attempt to pocket about $100 million from thousands of businesses.

A federal grand jury in Pittsburgh charged 10 members of the network, and other criminal prosecutions have begun in Georgia, Moldova, and the Ukraine, the European Union’s (EU’s) agency for law enforcement cooperation Europol said in a statement. Five Russian nationals charged in the indictment are on the run, the agency said, including the developer of the malware.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.