Inventive cyber gang steals millions from East European banks – Help Net Security

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Trustwave researchers have uncovered a series of ingenious bank heists that cost several Eastern European and Russian banks up to $10 millions each, and they believe financial institutions in European, North American, Asian and Australian regions could be targeted with the same within the next year.

The attackers first recruited mules, equipped them with counterfeit documents, and sent them to open dozens of new bank accounts by physically visiting various branches of the targeted banks, in different cities in the country. Once the accounts were open, the mules received legitimate debit/ATM cards tied to those accounts, and handed them over to the members of the cybercriminal network, who sent them outside the country.

Source: www.helpnetsecurity.com

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