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The hackers targeted banks first in Europe and then in Latin America and the US, according to Intel-owned security vendor McAfee, which helped in the theft investigation, dubbed Operation High Roller.
The company said the hackers focused on large bank accounts and stole between $75 million and $2.5 billion. Most of the withdrawals were less than $10,000, and the biggest was $130,000. The thieves transferred stolen money to their own accounts in various European locations.
McAfee said the attacks were unusual in that they were largely automated and used cloud computing. Typically, people who hack bank accounts steal usernames and passwords and then manually transfer money from one victim at a time.
The company said the hackers focused on large bank accounts and stole between $75 million and $2.5 billion. Most of the withdrawals were less than $10,000, and the biggest was $130,000. The thieves transferred stolen money to their own accounts in various European locations.
McAfee said the attacks were unusual in that they were largely automated and used cloud computing. Typically, people who hack bank accounts steal usernames and passwords and then manually transfer money from one victim at a time.
That's more money lost than the entire bitcoin economy.
Hopefully this helps to put things into perspective a bit.
