Earlier this month, federal prosecutors unsealed an indictment charging several men with bank theft on massive scale. According to prosecutors, the thieves loaded stolen account data onto magnetic stripe cards, which they then used to steal $45 million from ATMs around the world.
As financial institutions reconsider their security procedures in the wake of the breach, much of the attention will naturally fall on America's reliance on magnetic-stripe cards, instead of the more secure chip-and-PIN (also called EMV) cards used in other parts of the world.
Mainland and Hong Kong police have smashed a ring of computer hackers with the arrest of six suspects in the mainland.
The group was reportedly involved in a scheme to blackmail Hong Kong securities companies for 460,000 yuan (HK$562,000).
From February to June, Hong Kong police received reports from 16 firms in gold, silver and securities trading that their websites had been attacked by hackers. One firm was the Chinese Gold & Silver Exchange Society.
In the Iranian province of Fars a young village hacker who stole millions of rials from bank accounts has been arrested, the website of the Hamshahrionline newspaper reported.
As it turned out, the young hacker got accustomed to a computer from four years and three years ago he became interested in hacking software. The first time he managed to hack the bank account of his relative, subsequently he similarly found account numbers of other people and stole money from them.