Hackers Arrested over €30M Bank Fraud Exploiting Service Provider Flaw
19 Articles
19 Articles
The police and the prosecutor's office in Frankfurt, the financial center of Germany, exposed an international fraud network suspected of defrauding bank clients for millions of euros.
Hackers arrested over €30M bank fraud exploiting service provider flaw
Four cybercriminals were arrested in Brazil, and three others were charged in Europe over allegations that they exploited a vulnerability at a service provider, allowing them to withdraw funds from Commerzbank customers' bank accounts. [...]
Summer is one of the main seasons for cybercriminals. They take advantage of the fact that people are less careful during the holidays and often fall for tricks that they would otherwise be completely immune to. So caution is definitely in order in the coming weeks.
The Federal Criminal Office has succeeded in striking a blow against suspected fraudsters. They are said to have cheated by millions of euros thanks to a software gap on-line banking customers.
A group of criminals is said to have cheated bank customers by millions. Investigators from Germany and Brazil arrested suspects after searches. The BKA speaks of a million-dollar damage.
A group of criminals are said to have cheated bank customers by millions. Investigators from Germany and Brazil arrested suspects after searches.
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