Russian cyber gang said to be organizing a ‘mega heist’ of US banks

Fasten your seatbelts, it's going to be a bumpy ride. According to Quartz’s Christopher Mims  Security firm RSA says that its threat analysts have picked up “underground chatter” indicating that a sophisticated gang of Russian cyber criminals is laying plans to launch an offensive against 30 US banks. Says RSA: “If the gang’s plans do materialize, this campaign could be the largest coordinated attack on American financial institutions to date.” Here’s the breakdown:

1. This gang has done it before. The group claims to have stolen $5 million from American bank accounts since 2008.

2. American banks are particularly vulnerable targets.  Most American banks require nothing more than a password to access an account. In Europe, by contrast, almost all banks use a much more secure, “two factor authentication” process.

3. The gang has a massive network of infected “zombie” PCs at the ready…

Find out more at http://qz.com/12747/russian-cyber-criminals-said-to-be-organizing-a-mega-heist-of-us-banks/