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Fraudsters initiated transfers totaling €35 million from 5,000 Dutch business accounts based in two banks in March. (Photo: UK Ministry of Defence)

Cyber criminals steal millions from EU banks

Cyber attacks have siphoned off at least €60 million from personal and business accounts in 60 banks located in Europe, the United States, and Latin America.

Security firms Guardian Analytics and McAfee published the findings in a joint report called "Dissecting Operation High Roller" on Tuesday (26 June).

High-balance accounts in Italy, Germany and the Netherlands were the initial targets of the attacks before they spread out to the Americas.

The experts say at least €2 bil...

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

Fraudsters initiated transfers totaling €35 million from 5,000 Dutch business accounts based in two banks in March. (Photo: UK Ministry of Defence)

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

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