Hackers steal $1bn from banks

A hacking ring has stolen up to $1bn (€876m) from banks around the world in one of the biggest banking breaches known, according to a cybersecurity firm.

The hackers have been active since at least the end of 2013 and infiltrated over 100 banks in 30 countries, according to Russian security company Kaspersky Lab.

After gaining access to banks’ computers through phishing schemes and other methods, they lurk for months to learn the banks’ systems, taking screen shots and video of employees using computers, the firm says.