Billion euro cyber-suspect arrested in Spain

By 2018-03-26Science & Tech
Image copyright Getty Images
Image caption Sophisticated malware lurked on bank networks and helped the gang steal cash

A cyber-crime mastermind suspected of stealing about £870m (€1bn) has been arrested in Spain.

The individual is alleged to be the head of the organised crime gang that ran the Carbanak and Cobalt malware campaigns that targeted banks.

Europol said the group had been active since 2013 and infiltrated more than 100 banks in that time.

Cash was siphoned off via bank transfers or dispensed automatically through cash machines.

Luxury goods

The arrest was a “significant success” against a top cyber-crime group ... Read even more

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