Spanish police arrest suspected mastermind of bank cyber attacks

Spanish National police have arrested a person suspected of leading a gang of cyber criminals that targeted banks, altering account balances and instructing automatic tellers to eject cash, causing as much as a billion euros (843.50 million pounds) in damages, Europol said on Monday.

In a statement, Europol said the suspect in the malware attacks known as “Carbanak” and “Cobalt” had been arrested in Alicante, Spain, after cooperation from police forces around the globe.

(REUTERS)