Cyber gangs planning billion-dollar bank theft, police say
The cyber threat is evolving at an exceptional rate and banks need to meet the challenge, the European official in charge of cyber defence co-operation tells Operational Risk & Regulation
The criminal fraternity is actively discussing the feasibility of a cyber attack on a financial institution that will extract one billion dollars. According to Troels Oerting, head of the European Cybercrime Centre within Europol, the European law enforcement co-operation agency, police have considerable evidence that the techniques to deliver this one-off big hit and then to remove the proceeds
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