The European Union's law enforcement agency says police in Spain have captured the alleged mastermind of a cybercrime gang that stole more than 1 billion euros ($1.24 billion) from financial institutions in a five-year spree. Europol says the alleged gang leader was arrested in the coastal city of Alicante, 350 kilometers (220 miles) southeast of Madrid. Europol said in a statement Monday the gang used malware to target more than 100 financial institutions worldwide, sometimes stealing up to 10 million euros in each heist. The gang sent phishing emails with a malicious attachment to bank workers. The software gave the gang remote control of infected machines, providing them with access to the internal banking network and infecting servers controlling ATMs.

Source: ABC News March 26, 2018 13:18 UTC