No need for stocking masks and sawn-off
shotguns. The unprecedented heist of $81 million from the U.S. account
of Bangladesh's central bank is the latest among increasingly large
thefts by criminals who have leveraged the speed and anonymity of
hacking to revolutionize burgling banks.
Hundreds of millions of dollars, and perhaps much more, have been
stolen from banks and financial services companies in recent years
because of this alliance of traditional and digital criminals, with many
victims not reporting the thefts for fear of reputational damage.
Typically, security and cyber-crime experts say,
hackers break into the computer systems of financial institutions and
make, or incite others to make, fraudulent transactions to pliant
accounts. Organized crime then uses techniques developed over decades to
launder the money, giving the alliance much higher rewards than a
hold-up or bank vault robbery, with much less risk.
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Source: NBC News
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