Russian-Speaking ‘MoneyTaker’ Group Helps Itself to Millions from US Banks

A Russian-speaking cybercrime group has stolen millions of dollars from more than 20 banks in the US and Russia since at least May 2016 and appears poised to strike financial institutions across Latin America next, Moscow-based Group-IB warned Monday.

According to the security vendor, the so-called MoneyTaker group’s modus operandi has been to break into a targeted bank’s network and then manipulate its card processing systems in order to enable fraudulent ATM withdrawals. The group’s victims have included banks in 10 states, including California, Illinois, and Florida. On average, the banks have lost around $500,000 each in these attacks.

Read more about the MoneyTaker cybercrime group on DarkReading.

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