Collective Intelligence Podcast, Episode 5 Carbanak Arrest
Flashpoint Editorial Director Mike Mimoso talks to director of research Vitali Kremez about the arrest of the leader of the Carbanak cybercrime gang, announced Monday by officials at Europol.
Carbanak’s capabilities have been likened to those of a state-sponsored advanced persistent threat (APT) operation. The gang is allegedly responsible for attacks and compromises of more than 100 financial institutions in 40 countries. Losses attributed to Carbanak exceed $1 billion USD, with the group stealing, on average, $10 million USD per heist.
Mike and Vitali discuss the group’s sophisticated surveillance and reconnaissance efforts in targeting financial institutions worldwide, its well-resourced malware development operation, and how it cashed out and laundered stolen money. Vitali also explains the potential impact on the remainder of the Carbanak gang, as well as other criminal enterprises in the wake of such a high-profile arrest.
The Collective Intelligence Podcast, presented by Flashpoint and hosted by Editorial Director Mike Mimoso, features regular interviews with a diverse set of industry experts and Flashpoint analysts on the latest information security news and industry trends.