Thursday, May 9, 2013

U.S. charges eight in $45 million cyber crime scheme

The U.S. government charged eight individuals with stealing debit card data from two Middle Eastern banks in a scheme that prosecutors said netted $45 million in a matter of hours - a crime they called one of the biggest bank heists in history.

A New York-based group hacked into credit card processors' computers to steal Mastercard Inc (MA.N) debit card data, which they used to make approximately 36,000 transactions over a total of 10 hours in 24 countries, the Justice Department said.

The cards were issued by National Bank of Ras Al-Khaimah (RAKB.AD) in the United Arab Emirates and Bank of Muscat in Oman, prosecutors said.