cyber theft

The SWIFT messaging network is used by banks to transmit instructions for money transfers around the world.

But hackers utilized the network to steal $81 million from Bangladesh's central bank in February. Now, SWIFT (an acronym for Society of Worldwide Interbank Financial Telecommunication) says a second bank was attacked.

Working jointly with the FBI, Microsoft says it has disrupted a botnet responsible for stealing more than $500 million from bank accounts worldwide.

Associated Press

United States Attorney for the Western District of Washington Jenny Durkan faced tough questions from senators in Washington D.C. on Wednesday when she testified before the Senate Subcommittee on Crime and Terrorism.

Durkan, who was speaking as chair of the U.S. Justice Department Task Force on Cyber Crime, was asked why more isn't being done to stop thieves who use the Internet to steal everything from credit card numbers to trade secrets.