Bank Security Is So Bad That A Simple Phishing Scam Can Cost $1 Billion

In potentially the largest bank heist on record, an Eastern European hacker ring is stealing an estimated $1 billion from banks by infecting computers with malware and siphoning money. But how the hackers infiltrated these banks speaks to a much bigger problem: The current security standards (or lack thereof) at major financial institutions are so bad, it only takes opening a malware-riddled attachment to jumpstart an international, billion-dollar theft.
Read More