Bank Hackers Steal Millions via Malware
Found on NY Times on Saturday, 14 February 2015
Kaspersky Lab says that the scope of this attack on more than 100 banks and other financial institutions in 30 nations could make it one of the largest bank thefts ever — and one conducted without the usual signs of robbery.
Kaspersky Lab says it has seen evidence of $300 million in theft through clients, and believes the total could be triple that.
The silence around the investigation appears motivated in part by the reluctance of banks to concede that their systems were so easily penetrated, and in part by the fact that the attacks appear to be continuing.
This is exactly why the IoT isn't a brilliant idea. You would think that banks who move around millions each day put a lot of effort into security. Yet they got successfully attacked. Now when it comes to the IoT, most of the "things" won't even see a fraction of the security attention which banks use. The results of a breach could be similar to this, if not even worse.