Free Republic

Leading cyber security firm McAfee has issued a startling breaking news report that indicates the U.S., European and Latin American financial systems are under a massive financial attacks that have digitally siphoned some $2.5 billion from thousands of accounts from various financial institutions. According to McAfee, the attacks are ongoing and international law enforcement agencies are currently working to shut them down: McAfee and Guardian Analytics have uncovered a highly sophisticated, global financial services fraud campaign that has reached the American banking system. As this research study goes to press, we are working actively with international law enforcement organizations to...

Some 60m euro is stolen from bank accounts in a massive cyber raid, after fraudsters raid dozens of banks around the world. Sixty million euro has been stolen from bank accounts in a massive cyber bank raid after fraudsters raided dozens of financial institutions around the world. According to a joint report by software security firm McAfee and Guardian Analytics, more than 60 firms have suffered from what it has called an "insider level of understanding". "The fraudsters' objective in these attacks is to siphon large amounts from high balance accounts, hence the name chosen for this research - Operation...