Security researchers have positively identified an ongoing slew of cloud-based, automated attacks targeting high-balance accounts worldwide.
According to a joint report issued by Guardian Analytics and McAfee, the digital campaign is actively targeting American financial institutions and has already netted nearly $80 million around the globe.
The attacks apparently kicked off in Europe earlier this year and were spotted in the US starting in March. Key characteristics are as follows:
"The innovative, sophisticated nature of this scheme further escalates the importance of implementing layered security, including anomaly detection solutions that have been proven to be able to detect these attacks," the researchers warned.
Meanwhile, Sam Kiley of Sky News has confirmed that credit unions, large multinational banks and regional banks have all been attacked.
"They have identified 60 different [attack] servers, many of them in Russia, and they have identified one alone that has been used to steal 60m euro," he said. "There are dozens of servers still grinding away at this fraud - in effect stealing money."