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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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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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