A group of cybercriminals used malicious software to steal at least $300 million from banks and other financial institutions around the world, which could prove to be one of the biggest bank thefts ever, according a report Saturday in The New York Times.

Kaspersky Lab, a Russia-based cybersecurity firm that investigated the string of thefts, is set to publish a report Monday on its findings. The Times got an advance copy.

According to the Times, Kaspersky found that the hackers hit more than 100 institutions in 30 countries, dating back to 2013. The thefts could add up to a lot more than $300 million — the amount Kaspersky has evidence of — maybe three times that, the firm said. And the attacks may still be happening.

Chris Doggett, managing director of the Kaspersky Lab North America market, told the Times: “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.”

Read the Full Article: Source – c|net
http://www.cnet.com/news/hackers-make-off-with-at-least-300-million-in-bank-heists/

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