More than 100 nabbed in global bank hack

Friday - 10/1/2010, 3:09pm EDT

More than 100 people have been arrested or charged in the U.S. and the U.K. as part of an alleged global cyber-crime ring, The Wall Street Journal reports.

The ring used computer viruses to steal bank account information and loot money from unsuspecting victims. Before the arrest, the American branch of the cyber-ring stole at least $3 million from accounts between May 2009 and September of this year.

Their UK counterparts stole around 9.5 million dollars during the same time period.

The hackers used malicious computer software known as Zeus Trojan, disguised in seemingly benign email. When the recipient clicked on a link or attachment in their email, the virus monitored the victim's computer activity to grab user names and passwords.

In all, the scheme defrauded five banks and dozens of individuals and corporate defendants.

This story is part of Federal News Radio's daily Cybersecurity Update brought to you by Tripwire. For more cybersecurity news, click here.