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Cybersecurity Expert Links Taiwan And Europe ATM Hacks

Group-IB says both attacks were likely carried out by Cobalt group using malware “ATM spitter.”

Cybersecurity firm Group-IB has linked the July Taiwan ATM cyber heist to the ATM hacking spree in Europe last year, claiming the two were carried out by the same hacking group, dubbed Cobalt. Reuters reports that Group-IB’s conclusion is based on the fact that the hack technique used in both incidents match.

A group of 22 foreign nationals are alleged to be behind the First Commercial Bank ATM hack in Taiwan, of which three Eastern Europeans are in custody. Most of the stolen money was recovered and Taiwan authorities believe the bank network was breached at a London branch.

According to a Group-IB report, the hackers used malware “ATM spitter” in the Taiwan attack as well as in similar hacks carried out in Britain, Russia, Poland, Spain, Bulgaria, and many other European countries, Reuters adds.

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