Account takeover fraud (ATO) attacks are on the rise, up nearly 300 percent since last year. A researcher has uncovered a sophisticated check counterfeiting ring that uses compromised computers to steal and print millions of dollars worth of bogus invoices. The suspected leader behind the cyber crime group that targeted banks to rack up more than one billion Euros in damage over the past few years has been apprehended, according to the Spanish National Police. Read the full article in this article by CNN Tech Heroz.
Source: https://threatpost.com/major-check-counterfeiting-ring-uncovered-072810/74269/