Home News Hackers steal $1 billion from banks !

Hackers steal $1 billion from banks !

According to internet security firm Kaspersky Lab, hackers have stolen 1 billion dollars from banks in 25 different countries including the Unites States! The hackers did this by installing spy software on banks computers and copying the workflow of bank employees which allowed them to transfer funds into their accounts.
The malware they used is called “Carbanak” and it gives hackers the ability to watch bank employees conduct their business. They were able to mimic the staff and know every detail of their work and activity, using this knowledge to change account balances and transfer the excess funds into their own account. They also rigged ATM machines to spew cash and would collect the money.

It’s scary knowing that hackers were able to steal this much without being noticed till now! Let us know what you think!