98% of Bank Heists are Conducted Online
According to Tom Kellermann, a former senior member of the World Bank’s Treasury security team, “Ninety-eight percent of bank heists are now occurring virtually and not in the real world.”
He also said that the industry is “hemorrhaging funds” as a result.
These statements were made in response to an unsubstantiated report in the Wall Street Journal that the FBI is investigating an online fraud of tens of millions of dollars from Citibank. It’s alleged that the Russian Business Network (RBN) is behind the attack.