CrimProf Blog

Editor: Kevin Cole
Univ. of San Diego School of Law

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Thursday, May 9, 2013

"Cyberthieves Looted A.T.M.’s of $45 Million in Just Hours"

From the New York Times:

On Thursday, federal prosecutors in Brooklyn unsealed an indictment charging eight members of the New York crew – including their suspected ringleader who was found dead in the Dominican Republic on April 27 — offering a glimpse into what the authorities said was one of the most sophisticated and effective cybercrime attacks ever uncovered.

. . .

“New technologies and the rapid growth of the Internet have eliminated the traditional borders of financial crimes and provided new opportunities for the criminal element to threaten the world’s financial systems,” said Steven Hughes, a Secret Service special agent, who participated in the investigation. “However, as demonstrated by the charges and arrests announced today, the Secret Service and its law enforcement partners have adapted to these technological advancements and utilized cutting edge investigative techniques to thwart this cybercriminal activity.”

http://lawprofessors.typepad.com/crimprof_blog/2013/05/cyberthieves-looted-atms-of-45-million-in-just-hours.html

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