Spanish police arrest suspected mastermind of bank cyber attacks

Spanish National police have arrested a person suspected of leading a gang of cyber criminals that targeted banks, altering account balances and instructing automatic tellers to eject cash, causing as much as a billion euros ($1.2 billion) in damages, Europol said on Monday.

In a statement, Europol said the suspect in the malware attacks known as “Carbanak” and “Cobalt” had been arrested in Alicante, Spain, after cooperation from police forces around the globe.

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