- The Washington Times - Friday, May 10, 2013

Cyber thieves cashed in on $45 million from two Middle Eastern banks in a matter of hours in what’s being billed as one of the biggest heists to hit financial facilities in history.

Seven have been arrested. Prosecutors said Thursday the hackers broke into the banks’ credit-card processing firms to withdraw money from ATMs in 27 countries, Reuters reported. Investigators say an eighth suspect, the reported leader of the cyber cell, was murdered on April 27 in the Dominican Republic.

“In the place of guns and masks, this cyber crime organization used laptops and the Internet,” U.S. Attorney for the Eastern District of New York Loretta Lynch said in the Reuters report. “Moving as swiftly as data over the Internet, the organization worked its way from the computer systems of international corporations to the streets of New York City.”

The credit-card processing companies that were hacked were located in India and in the United States, prosecutors told Reuters.


Copyright © 2018 The Washington Times, LLC. Click here for reprint permission.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide