Cybercrime gang leader who caused ATMs to spit cash is arrested
The leader of Russian-Ukrainian cybercrime gang Carbanak, allegedly responsible for stealing billions of Euros from hundreds of banks, has been arrested in Spain. Over the last five years, the “Carbanak” group has stolen roughly 1.2 billion euros from more than 100 financial institutions, according to a dual announcement Monday by Europol and police forces in Spain. Carbanak is the name for the cybercrime group, as well as their characteristic hacking tool: a malware framework designed to allow the attacker to covertly move money around from account to account. An individual leading the criminal entity was recently arrested, but police have yet to release their name. At least two other members of Carbanak were also reportedly arrested in a related investigation. In various cases, Carbanak was able to success spearphish banking employees. These breaches saw complex malware spread inside the companies, redirecting funds from legitimate accounts to ATM machines in Eastern […]
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