Privacy News Hackers stole 2.4M after two successful attacks on Virginia Bank

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https://www.2-spyware.com/hackers-stole-2-4m-after-two-successful-attacks-on-virginia-bank

During the past eight months, hackers managed to compromise a bank in Virginia twice. Two separate cyber attacks helped them to make more than 2.4 million dollars. At the moment, the bank is suing their insurance provider for refusing to cover the losses. The first attack was initiated in late May 2016 when one of the employees at The National Bank of Blacksburg opened a phishing email. With its help, the intruders installed tracking malware. After compromising the second computer that had access to the STAR Network and could manage National Bank customer accounts, and their usage of bank cards, ATMs, hackers got an ability to alter and disable these functions:

• anti-theft protections;
• personal identification numbers;
• daily withdrawal amount;
• debit card usage limits;
• fraud score protections.

According to the National Bank, the first breach took place on May 28. It started on Saturday and continued to the following Monday – the Memorial day in the United States. Since it was a federal holiday, hackers had a full three-day time limit for their campaign. Criminals used hundreds of ATMs throughout North America to extract funds from bank customers' accounts. This time, hackers stole more than $570K. After this breach, National Bank employed the cybersecurity firm to investigate the attack. Foregenix[4] determined that the activity of this hack came from Russian Internet addresses. In June, the bank applied additional security protocols that are supposed to flag the specific types of repeated transaction patterns happening in a short period.


Full article Hackers stole 2.4M after two successful attacks on Virginia Bank