Latest Cyber Attack on Banks: Critical Heist or Just Hype?

Opinions differ on how critical the latest cyberattack is being touted.

Bill Nelson, CEO of FS ISAC, says the latest reported cyberattack isn't as severe, or unusual, as it's being made out to be.

The premise almost seemed like something out of movie. A group of cybercriminals from Russia, Europe and China spend nearly two years methodically stealing up to $1 billion from banks on six continents via malware. The GDP of a small country was stolen without the donning of a ski mask or toting of a gun.

The New York Times' front-page story about the attacks, based on a new report from Russian security vendor Kaspersky Lab fingering a group known as the Carbanak cybergang, was bound to grab

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