Monday, November 25, 2024
HomeSecurity NewsLeader of the Carbanak Hacker Group Whole Stole € 1 Billion Bank...

Leader of the Carbanak Hacker Group Whole Stole € 1 Billion Bank Robbery Arrested In Spain

Published on

The Leader of the Carbanak Hacker group behind € 1 Billion Bank Robbery arrested by law enforcement agencies in Spain. The group targets more than 100 financial institutions worldwide.

The Carbank hacker group is active since 2013 have attempted attacks against various banks, financial institutions, the e-payment gateway with their well-designed malware dubbed Cobalt.

Also Read Kozlovsky from Lurk Hacker Group admits that his group involved in the creation of WannaCry and DNC hack on Demand

Banks targeted by Carbanak Hacker Group

The Hacker attacked banks in more than 40 countries and that results in more than EUR 1 billion loss in the financial industry. “The magnitude of the losses is significant: the Cobalt malware alone allowed criminals to steal up to EUR 10 million per heist” reads the official statement.
- Advertisement - SIEM as a Service

Carbank hacker group started activities in late 2013 by launching Anunak malware campaign targetting ATM networks and financial networks around the world.

Later starting 2014 they improved the Anunak malware into a more sophisticated version of the malware dubbed as Carbanak and the same used up to 2016.

After 2016 the Carbanak Hacker Group developer customized malware based on the Cobalt Strike penetration testing tool to the sophisticated wave of attacks.

Carbanak Hacker group
Infographic: Europol

Attacking Methods

In all of their attacks, they use to send a spear phishing email to the bank employes with malicious attachments and once the malware executed they gain access to the Internal banking system remotely and infects servers that control’s ATM.

By infecting the servers that control’s ATM attackers can instruct ATMs to dispense cash at a particular time and organized group members sitting beside the ATM machine to collect cash.

The attackers transfer money from other legitimate accounts to their own bank accounts and then empty’s the account.They also artificially add’s balance into their accounts and then empty’s the same.

This global operation is a significant success for international police cooperation against a top-level cybercriminal organization. The arrest of the key figure in this crime group illustrates that cybercriminals can no longer hide behind perceived international anonymity” says Steven Wilson.

Gurubaran
Gurubaran
Gurubaran is a co-founder of Cyber Security News and GBHackers On Security. He has 10+ years of experience as a Security Consultant, Editor, and Analyst in cybersecurity, technology, and communications.

Latest articles

Threat Actors Exploit Google Docs And Weebly Services For Malware Attacks

Phishing attackers used Google Docs to deliver malicious links, bypassing security measures and redirecting...

Python NodeStealer: Targeting Facebook Business Accounts to Harvest Login Credentials

The Python-based NodeStealer, a sophisticated info-stealer, has evolved to target new information and employ...

XSS Vulnerability in Bing.com Let Attackers Send Crafted Malicious Requests

A significant XSS vulnerability was recently uncovered in Microsoft’s Bing.com, potentially allowing attackers to...

Meta Removed 2 Million Account Linked to Malicious Activities

 Meta has announced the removal of over 2 million accounts connected to malicious activities,...

Free Webinar

Protect Websites & APIs from Malware Attack

Malware targeting customer-facing websites and API applications poses significant risks, including compliance violations, defacements, and even blacklisting.

Join us for an insightful webinar featuring Vivek Gopalan, VP of Products at Indusface, as he shares effective strategies for safeguarding websites and APIs against malware.

Discussion points

Scan DOM, internal links, and JavaScript libraries for hidden malware.
Detect website defacements in real time.
Protect your brand by monitoring for potential blacklisting.
Prevent malware from infiltrating your server and cloud infrastructure.

More like this

Nearest Neighbor Attacks: Russian APT Hack The Target By Exploiting Nearby Wi-Fi Networks

Recent research has revealed that a Russian advanced persistent threat (APT) group, tracked as...

Critical PDF.js & React-PDF Vulnerabilities Threaten Millions Of PDF Users

A new critical vulnerability has been discovered in PDF.js, which could allow a threat...

LayerX Security Raises $26M for its Browser Security Platform, Enabling Employees to Work Securely From Any Browser, Anywhere

LayerX, pioneer of the LayerX Browser Security platform, today announced $24 million in Series...