CARBANAK BANKING MALWARE IN THE WILD - Hackers Stole $300 Million from 100 Banks Using Malware.

According to a report published by the New York Times on Saturday, hackers have stolen as much as $1 Billion from more than 100 banks and other financial companies in almost 30 nations, making it "the most sophisticated attack the world has seen to date."

In late 2013, banks in Russia, Japan, Europe, the United States and other countries fell victim to a massive, sophisticated malware hack that allowed the hackers to spy on bank officials in order to mimic their behavior, according to an upcoming report by Kaspersky Labs received by the NY Times.

In order to infect bank staffs, the hacker group sent malicious emails to hundreds of employees at different banks. Once open, the email downloads a malware program called Carbanak, that allegedly allowed perpetrators to transfer money from the banks to fake accounts or ATMs monitored by criminals.

The exact figure of the stolen amount is unclear, though, total theft could be more than $300 Million. Because, the hackers only swiped $10 million at a time and some banks were targeted more than once.
However, the Kaspersky Labs does not name the banks and financial institutions involved in the massive theft operation in its report. But, the interesting part is that no banks have come forward to reveal that they have been hacked in this largest theft.