Hackers stole from 100 banks

A report from Internet security firm Kaspersky Lab said hackers stole approximately $1 billion from banks. In a report on CNN, Kaspersky said Sunday it uncovered how hackers surreptitiously installed spying software on bank computers, eventually learning to mimic bank employee workflows. The knowledge was used to make transfers into bank accounts they had created for this theft. More than 100 banks were hit, Kaspersky said, and based on the hackers’ practice of stealing between $2.5 million and $10 million from each bank, it estimated “total financial losses could be as a high as $1 billion, making this by far the most successful criminal cyber campaign we have ever seen.”

Read the full story on CNN.

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