Bank Hackers Steal Millions via Malware

In 2013, an ATM in Kiev began dispensing cash at arbitrary times of the day, as large piles of money were picked up by customers that happened to be in the right place at the right time. Kaspersky Lab, a Russian security firm that’s the world’s largest privately held vendor of endpoint protection solutions, has dubbed an Eastern European cybercrime group the “Carbanak Gang” after being called to the Ukraine to investigate the situation.

FBI: Businesses Lost $215M to Email Scams

A recent post in Krebs on Security discusses an alert posted from the FBI, noting that cyber thieves have stolen nearly $215 million from business over the last 14 months alone from scams that start when email accounts are hijacked via email scams. This con, called “business email compromise,” is both a sophisticated and increasingly common scam that targets businesses working with foreign suppliers and those that engage in regular wire transfers.