The malware enables this group to transfer money from the bank to their fake accounts. According to the NY Times, Kaspersky Lab said the total theft could be more than $300 million, although the cybersecurity firm has not nailed down an exact figure. Each transaction was limited to $10 million and some banks were hit more than once, according to the publication.
“This is likely the most sophisticated attack the world has seen to date in terms of the tactics and methods that cybercriminals have used to remain covert,” Chris Doggett, of Kaspersky’s Boston office, told the Times.
This is the biggest bank theft that has ever been seen by the world. We are waiting for the complete report from the Kaspersky so we can get a clear view of how this theft happened. But one thing is clear, there has never been anything like this before. No one has ever hacked into a bank servers and stole such a large sum of money.
The names of the banks has not came into light and no bank has released any statement that they are attacked by cyber criminals. Kaspersky didn’t revealed the full information about the attack and we are keeping a close eye on this developing story. No hacking group so far has accepted the responsibility of this attack.
The malware used by the hackers is dubbed as Carbanak. There are some reports from different sources that the amount may be much higher than the $100M. Because, the group only swiped $10 million at a time and some banks were targeted more than once.