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By barzilaiendan on February 15, 2015 • ( 0 )

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Hackers steal £650 million in world’s biggest bank raid

Investigators uncover what is thought to be the biggest ever cybercrime with more than £650 million going missing from banks around the world

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Russian based hackers have stolen £650 million from banks Photo: Alamy

By Martin Evans, Crime Correspondent 4:09PM GMT 15 Feb 2015

British banks are thought to have lost tens of millions of pounds after a gang of Russian based hackers spent the last two years orchestrating the largest cybercrime ever uncovered.

As much as £650 million is thought to have gone missing after the gang used computer viruses to infect networks in more than 100 financial institutions worldwide.

The hackers managed to infiltrate the bank’s internal computer systems using malware, which lurked in the networks for months, gathering information and feeding it back to the gang.

The illegal software was so sophisticated that it allowed the criminals to view video feeds from within supposedly secure offices as they gathered the data they needed to steal.

Once they were ready to strike they were able to impersonate bank staff online in order to transfer millions of pounds into dummy accounts.

They were even able to instruct cash machines to dispense money at random times of the day even without a bank card.

While the criminals behind the audacious electronic raid are thought to be based in Russia, the scale of their crime was truly global with banks in Japan, China, the United States and throughout Europe having been hit.

The scale of the losses by UK based financial institutions has not yet been disclosed, but is thought to run into tens of millions of pounds.

The scam was uncovered by the Russian cybersecurity firm, Kaspersky Lab, which was called in to investigate after a cash machine in Ukraine was found to have been spitting out money at random times.

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