Using Malware, Hacker Steal Millions From Banks

February 16, 2015 7:37 PM

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Putting in place a sophisticated digital racket, hackers were able to steal millions of dollars from up to 100 banks in what the Russian cybersecurity company Kaspersky Lab is calling "the most successful criminal cyber campaign we have ever seen."

Kaspersky, which helped uncover a piece of malicious software in the systems of bank computers, says the scheme worked like this: First the hackers were able to install malicious software on computers by phishing bank employees. That led to the infection of hundreds of machines.

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