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Europe's top investigative body is warning that criminal hackers are targeting global financial firms, The London Evening Standard reported on Saturday, aiming to steal as much as $1 billion.
In the wake of a cyber-hit on banking giant JPMorgan Chase, Europol has intercepted intelligence that Russia-based tech-gangs are planning a massive hit on a financial institution, the publication reported. Europol has gleaned this information from Internet chatrooms, they added.
Troels Oerting, head of Europol's European Cybercrime Centre in The Hague, told The Standard that hackers have groomed bank insiders to assist in a potential heist. These individuals will shut down warning systems that alert staff when big money leaves the bank.
"The criminals don't want to make thousands of small thefts," said Oerting. "Instead they want one big one on a financial institution."
The full report can be found on The London Standard's website.