Global banking system under attack – what you need to know

NEW YORK (CNNMoney) —Hackers known as the “Lazarus Group” are sneaking into banks worldwide, moving around more than $100 million — and so far, getting away with it.

A recent spate of high-profile, digital bank heists have revealed shocking weaknesses in the security of the global financial system.

It’s posing a new reality: No longer do robbers need to storm banks wearing masks and armed with guns. They can empty a bank’s vaults electronically.

Here’s what you need to know.

1. At least four major banks have been infiltrated by hackers since January 2015.

The first known case happened in January to Ecuador’s Banco del Austro. That time, hackers stole $12 million and moved it through a Wells Fargo bank account in the United States. For the full article click here 

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