Over 100 banks hit by sophisticated cyber attacks
A sophisticated global cyber attack struck more than 100 banks in 30 countries stealing hundreds of millions of dollars, a report said. Citing a soon to be released report from computer security company Kaspersky Lab, the newspaper said the attack involved malicious software that gave hackers long-term access to banking systems, The New York Times reported on Saturday. A group of Russians, Chinese and Europeans was able to siphon off around $300 million in one of the world's largest bank robberies, the report said. The money was transferred to bank accounts around the world in small-value amounts to avoid detection.