Cyber Heist

In a major cyber heist, over Rs 16 crore was cleaned out of Nainital Bank's Noida branch after its servers were hacked and money was transferred to 89 different accounts.

Inspector Reeta Yadav, the in-charge of the police station, said two men -- Ritesh Chaturvedi alias Amit Singh and Rishabh Jain alias Prince Thakur -- were arrested on Sunday in connection with the case.

US crypto firm Harmony said on Friday that thieves stole around $100 million worth of digital coins from one of its key products, the latest in a string of cyber heists on a sector long targeted by hackers.

The United Nations has said that North Korea carried out the $13.5 million cyber heist of Pune's Cosmos Bank using a network across 28 countries by breaking its internal safety measures last year as the country was starved for foreign funds due to UN sanctions.

Four of the seven persons arrested in the Cosmos Bank cyber scam were also allegedly involved in the online heist at Chennai-based City Union Bank last year, Pune police claimed Tuesday.

A cryptocurrency account that pays part of the band's salary was among those frozen as a result of the suspension of trading at Tokyo-based Coincheck exchange on Friday.

"New sophistication and innovation are the nature of the threat landscape, but this year Symantec has identified seismic shifts in motivation and focus."

The attempt closely resembled the cybertheft last year of more than $81 million from the Bangladesh central bank's account, WSJ reported.

Russian-based Kaspersky released a 58-page report on Lazarus, a group linked to the heist in Bangladesh and the 2014 attack on Sony's Hollywood studio.

An FBI officer in the Philippines, who has been involved in the investigations, made the statement to Reuters on Wednesday.

The heist of $81 million from the Bangladesh central bank's account at the New York Federal Reserve last year was "state-sponsored," an FBI officer in the Philippines, who has been involved in the investigations, said on Wednesday.

The panel’s report says the negligent officials were low to mid-level and were not directly involved in the $81 million cyber-heist.

The bank said last week that hackers had this year used fake client credentials to steal money from correspondent accounts.

The recent heists were run from central, remote command centres, enabling criminals to target large numbers of machines in "smash and grab" operations.

U.S. regulators on Tuesday told banks to review the cyber security they have in place to protect against fraudulent money transfers and other threats to a global payments network, months after hackers stole $81 million from the Bangladesh central bank's account at the Federal Reserve Bank of New York.

In a major cyber heist, over Rs 16 crore was cleaned out of Nainital Bank's Noida branch after its servers were hacked and money was transferred to 89 different accounts.

Inspector Reeta Yadav, the in-charge of the police station, said two men -- Ritesh Chaturvedi alias Amit Singh and Rishabh Jain alias Prince Thakur -- were arrested on Sunday in connection with the case.

US crypto firm Harmony said on Friday that thieves stole around $100 million worth of digital coins from one of its key products, the latest in a string of cyber heists on a sector long targeted by hackers.

The United Nations has said that North Korea carried out the $13.5 million cyber heist of Pune's Cosmos Bank using a network across 28 countries by breaking its internal safety measures last year as the country was starved for foreign funds due to UN sanctions.

Four of the seven persons arrested in the Cosmos Bank cyber scam were also allegedly involved in the online heist at Chennai-based City Union Bank last year, Pune police claimed Tuesday.

A cryptocurrency account that pays part of the band's salary was among those frozen as a result of the suspension of trading at Tokyo-based Coincheck exchange on Friday.

"New sophistication and innovation are the nature of the threat landscape, but this year Symantec has identified seismic shifts in motivation and focus."

The attempt closely resembled the cybertheft last year of more than $81 million from the Bangladesh central bank's account, WSJ reported.

Russian-based Kaspersky released a 58-page report on Lazarus, a group linked to the heist in Bangladesh and the 2014 attack on Sony's Hollywood studio.

An FBI officer in the Philippines, who has been involved in the investigations, made the statement to Reuters on Wednesday.

The heist of $81 million from the Bangladesh central bank's account at the New York Federal Reserve last year was "state-sponsored," an FBI officer in the Philippines, who has been involved in the investigations, said on Wednesday.

The panel’s report says the negligent officials were low to mid-level and were not directly involved in the $81 million cyber-heist.

The bank said last week that hackers had this year used fake client credentials to steal money from correspondent accounts.

The recent heists were run from central, remote command centres, enabling criminals to target large numbers of machines in "smash and grab" operations.

U.S. regulators on Tuesday told banks to review the cyber security they have in place to protect against fraudulent money transfers and other threats to a global payments network, months after hackers stole $81 million from the Bangladesh central bank's account at the Federal Reserve Bank of New York.