A new hacking group dubbed MoneyTaker has stolen allegedly millions of dollars from banking institutions from US, UK and Russia over the past year, according to researchers.
The hackers further targeted 20 financial institutions, banks, software companies and law firms worldwide.
MoneyTaker has primarily targeted card processing systems, such as SWIFT and the Russian Interbank System, in an effort to conduct fraudulent transactions.
The group also uses money mules to withdraw the stolen cash from companies and steal valuable and sensitive corporate information, ZDNet reports.