Free Republic

When hackers steal money from banks, they usually go for Bonnie and Clyde attacks, taking whatever they can take in a single grab, one Kaspersky executive told The New York Times, as the security research discovered a different type of bank cyber heist, one likened to Ocean’s Eleven in terms of planning, but also when it comes to the significant amount of stolen cash. Following a well planned operation, that involved months of spying through the use of sophisticated software, unknown hackers originating from Russia, China and Europe managed to steal at least $300 million from a large number of...

In a report to be published on Monday, and provided in advance to The New York Times, Kaspersky Lab says that the scope of this attack on more than 100 banks and other financial institutions in 30 nations could make it one of the largest bank thefts ever — and one conducted without the usual signs of robbery. The Moscow-based firm says that because of nondisclosure agreements with the banks that were hit, it cannot name them. Officials at the White House and the F.B.I. have been briefed on the findings, but say that it will take time to confirm...