Fifty suspected members of a Russian gang were arrested by Russian Police. They are alleged to have stolen 3 billion rubles ($45 million) from banks.

According to the Interior Ministry, the gang used malware to create a network of bots to start an attack against 18 banks over the past year.

Ruslan Stoyanov, head of computer incidents investigation at Kaspersky Lab,: "As far as I know, this is the largest ever arrest of hackers in Russia. Russia is tightening its grip on financial hacking.”

Also according to computer security firm Kaspersky Lab, one group stole as much as 100 billion from 100 banks, e-payment systems and other financial institutions in 30 countries. The members of the gang came from Russia, China, Ukraine and other parts of Europe.

This was the biggest crackdown on financial hackers in Russian history.

Source: Bloomberg