Industry News: ESG5

2019-06-04

InsightCrime: Hackers infiltrated Mexico’s banking system to transfer millions of dollars to bogus accounts and then made cash machines shell out the money, in a case that reveals the country’s structural vulnerability to cyber crime. Authorities have arrested a group of hackers known as the “Bandidos Revolutions Team,” which infiltrated Mexico’s domestic financial transfer system, Wired reported. The hackers were able to divert money to false accounts that they controlled. Their associates were then sent to the ATMs to withdraw the cash, netting the group between 100 million and 300 million pesos (between $5.2 million and $15.7 million) per month...