Cheat Sheet: What Bankers Need to Know About the $1B Carbanak Heist

American Banker | Mar 17, 2015

“These thefts are a significant evolution in approach, since the attackers didn’t simply break in, take over accounts, and run with the money,” said Mike Lloyd, the chief technology officer at security analytics company RedSeal. “The time invested by criminals in studying the operations of target banks shows two things: first, that such attacks are lucrative enough for this time commitment to be worthwhile, and second, they would not have bothered if they did not have to.”