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Hackers Steal $45 Million from Banks

Eight Members Of New York Cell Of Cyber-crime Organization Indicted In $45 Million Cyber-crime Campaign

New York Cell Withdrew $2.8 Million In Cash From Hacked Accounts In Less Than 24 Hours

A four-count federal indictment was unsealed in Brooklyn charging eight defendants with participating in two worldwide cyber-attacks that inflicted $45 million in losses on the global financial system in a matter of hours.

These defendants allegedly formed the New York-based cell of an international cyber-crime organization that used sophisticated intrusion techniques to hack into the systems of global financial institutions, steal prepaid debit card data, and eliminate withdrawal limits. The stolen card data was then disseminated worldwide and used in making fraudulent ATM withdrawals on a massive scale across the globe.

The eight indicted defendants and their co-conspirators targeted New York City and withdrew approximately $2.8 million in a matter of hours. The defendants are charged variously with conspiracy to commit access device fraud, money laundering conspiracy, and money laundering.

Source: Press Release US District Attorney’s Office, Eastern District of NY

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