A recent heist robbed two Egyptian banks of $45 million, involved a yet-unknown number of actors in 27 cities around the world, contained 40,500 fraudulent ATM transactions, and left no fingerprints.

Two Dutch citizens were caught by German authorities last week for their alleged involvement in an elaborate cyber-scheme that tapped the United Arab Emirate’s National Bank of Ras Al Khaimah PSC (RAKBANK) for nearly five million dollars and Oman’s Bank of Muscat for $40 million.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.