Charges filed in cybercrime ring that hit 14 different financial institutions

Eight men tried to steal $15 million between March 2012 and June 2013

Corporate legal departments may be — rightfully — frightened by recent cyber breaches, but word came from federal prosecutors on March 17 that they have not forgotten about finding those responsible.

The federal prosecutors announced that eight men have been charged with being members of an international cybercrime ring. According to the charges, the men tried to steal at least $15 million by hacking into U.S. customer accounts at 14 different financial institutions as well as the U.S. Department of Defense.

Assistant Editor

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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