Police have arrested the alleged mastermind behind the Carbanak gang: a group of cybercrooks that’s targeted banks since late 2013, phishing their way into networks, infecting servers and gaining control of automated teller machines (ATMs) that they’ve caused to spew cash to waiting money mules.
According to Europol, the alleged crime boss, whom it didn’t name, was arrested in Alicante, Spain, following a joint investigation by the Spanish National Police, with the support of Europol, the US FBI, the Romanian, Belarussian and Taiwanese authorities and private cybersecurity companies.
Since 2013, the gang has gone after banks, e-payment systems and financial institutions using their malware, which is known as Carbanak and Cobalt. They’ve hit banks in more than 40 countries: attacks that have resulted in cumulative losses of over €1 billion (USD $1.24 billion).
Europol said in an announcement on Monday that just the Cobalt malware alone allowed the crooks to steal up to €10 million per heist....
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