Leader of Hacking Group Who Stole $1 Billion From Banks Arrested In Spain
Mar 26, 2018
Spanish Police has arrested the alleged leader of an organised Russian cybercrime gang behind the Carbanak and Cobalt malware attacks, which stole over a billion euros from banks worldwide since 2013. In a coordinated operation with law enforcement agencies across the globe, including the FBI and Europol, Police detained the suspected leader of Carbanak hacking group in Alicante, Spain. Carbanak hacking group started its activities almost five years ago by launching a series of malware attack campaigns such as Anunak and Carbanak to compromise banks and ATM networks, from which they swiped millions of credit card details from US-based retailers. According to the Europol, the group later developed a sophisticated heist-ready banking malware known as Cobalt, based on the Cobalt Strike penetration testing software, which was in use until 2016. "The magnitude of the losses is significant: the Cobalt malware alone allowed criminals to steal up to EUR 10 million per heist,...
