https://phys.org/news/2018-03-spain-captures-alleged-mastermind-12b.html

Spain arrested a person reportedly involved in hundreds of cyber-attacks in which billions of euros were stolen. The man is considered to be the mastermind of these attacks. He used malware like cobalt and carbanak to loot the people. Since 2013, the gang of this person attacked banks, e-payment systems and financial institutions of more than 40 countries. Now the mastermind has been apprehended.  The cobalt malware use led to stealing of EUR 10 million per heist. So there was the major monetary attack on the financial institutions.

Criminal used to send phishing emails to employees of banks with some attachment. Once the attachment got downloaded, criminals could access the infected computer from remote and could access the servers related to ATMs. The person is identified as Denis K. public-private partnership is necessary to take the menace of cybercrime. The recent attack on Atlanta shows that public networks are also vulnerable to cybercrimes. Arresting mastermind is an effort to be lauded but the network of cybercrime is very big. It needs to be pulled out from the roots. All the organizations are vulnerable to cyber-attacks and IP are at risk. There is need to pay attention.