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Showing posts with the label United Arab Emirates

Cybercriminals 'Drained ATMs' in $45m Bank theft In 27 Countries

Highly skilled 8 gang hackers stole $45M  from two Middle Eastern banks by hacking into credit card processing firms and withdrawing money from ATMs in 27 countries, U.S. prosecutors said on Thursday. "In the place of guns and masks, this cyber crime organization used laptops and the Internet," The U.S. Justice Department accused eight men of allegedly forming the New York-based cell of the organization, and said seven of them have been arrested. The eighth, allegedly a leader of the cell, was reported to have been murdered in the Dominican Republic on April 27. "The co-ordinated attacks was carried out, in just over 10 hours, $40 million was raided from ATMs in 24 countries involving 36,000 transactions. The case demonstrates the major threat that cyber crime poses to banks around the world. It also shows how increasingly international and sophisticated criminal gangs have become, particularly those using the Internet. Prosecutors highlighted the "surgic...