FBI Investigating CitiBank Cyber Heist
The Wall Street Journal reports that the FBI is investigating the computer hacker attack that resulted in the theft of tens of millions of dollars. CitiBank is strongly denying the allegations.
CitiBank said, “any allegation that the FBI is working on a case at Citigroup involving a breach of Citi systems resulting in tens of millions of dollars of losses is false. There has been no breach and there have been no associated losses.”
“Ninety-eight percent of bank heists are now occurring virtually and not in the real world,” said Tom Kellermann, a former senior member of the World Bank’s Treasury security team. The banks are “hemorrhaging funds” as a result.
The Wall Street Journal’s anonymous sources say that a Russian cyber gang hacked the systems.
Because so many personal computers have been compromised and taken over as “zombie” computers, it has become much more difficult to determine the true origin of cyber attacks.
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