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Europol arrests suspect in bank heists that stole $1.2 billion using malware

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After a four year investigation, Europol announced it has arrested the suspected leader of a crime syndicate that stole $1.2 billion from over 100 banks in more than 40 countries using malware. According to Europol, the suspect was arrested by the Spanish National Police in Alicante, Spain, with support from the FBI, Romanian, Belarusian, and Taiwanese authorities, along with cybersecurity companies.

Beginning in 2013, the crime syndicate used multiple malware campaigns — the first called Anunak, followed by more complex versions known as Carbanak and Cobalt — to access bank employees’ computers using phishing scams, and then take over bank systems and access the servers that controlled ATMs.

The group used that access to remotely…

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