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ARTICLE  

"Mastermind" Behind Fin7 Credential Theft Gang Arrested

Fin7 (AKA Carbon Spider, Cobalt Spider, Carbanak) mastermind arrested in Spain. The hacking group is said to be behind breaches like SAKS Fifth Avenue, Omni Hotels, Trump Hotels, Whole Foods, and Chipotle.

Wired writes:

Just last week, Spanish police working with Europol, the FBI, and a group of other international agencies arrested what they called the "mastermind" behind Carbanak's financial institution hacking, particularly a spree of ATM jackpotting and other money laundering.


Last fall, the security firm Morphisec showed that it only took Fin7 a day to create a fileless malware attack for a newly discovered weakness in Microsoft applications.


SAKS Fifth Avenue, Saks Off 5th, and Lord & Taylor department stores—all owned by The Hudson’s Bay Company—acknowledged a data breach impacting more than five million credit and debit card numbers.


The group—which often appears to be Russian-speaking, but hasn't been tied to a home country—generally works on a normal business schedule, with nights and weekends off.


They make at least $50 million every month.




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