1 bllion dollars stolen from banks across 30 nations in the world

According to New York times reported on sunday that hackers have stolen $1billion from more than 100 banks and companies in 30 nations around the globe,making it the most highly sophisticated attack in history.

An investigation by Kaspersky Lab, a Russian cybersecurity firm, confirmed that it was not bank’s issue rather the bank’s internal computers.which had been hacked by malware that recorded every move of  bank employees. The malicious malware breached the banks’ security system for months, tracking the whole working process of the employees, sending back  feeds to hackers.

In order to infect bank staffs, hackers sent malicious emails to hundreds of employees at different banks. If employee open's the email it  downloads a malware program called Carbanak, that allegedly allowed perpetrators to transfer money from banks to fake accounts or ATMs monitored by criminals. The attackers then set up fake accounts in the United States and China to collect the transferred money. Two of the banks with fake accounts which were used were J.P. Morgan Chase and the Agricultural Bank of China.

"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”, said Chris Dogget, the managing director of the Kaspersky North America office in Boston"

The exact figure of the stolen amount are not confirmed, though, according to the cybersecurity firm, the total theft could be more than $300 Million. Because, the hackers only stolen $10 million at a time and some banks were targeted more than once.