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Hackers steal US$300m from 100 banks

Malware turned on cash machines, transferred millions of dollars from banks in Russia, Japan, Switzerland, US and the Netherlands into dummy accounts set up elsewhere

Published Sun, Feb 15, 2015 · 09:50 PM

Banks

Palo Alto

IN late 2013, an automated teller machine (ATM) in Kiev started dispensing cash at seemingly random times of day. No one had put in a card, or touched a button. Cameras showed that the piles of money had been swept up by customers who appeared lucky to be there at the right moment.

But when a Russian cybersecurity firm, Kaspersky Lab, was called to Ukraine to investigate, it discovered that the errant machine was the least of the bank's problems.