News / USA

Napolitano: ATM Heist Shows Scope of Cybercrime

U.S. Homeland Security Secretary Janet Napolitano takes reporters' questions at Reuters Cybersecurity Summit, Washington, May 14, 2013.
U.S. Homeland Security Secretary Janet Napolitano takes reporters' questions at Reuters Cybersecurity Summit, Washington, May 14, 2013.
TEXT SIZE - +
Reuters
A global ATM heist targeting two Middle Eastern banks that came to light last week is an example of how easily financial crimes can be committed and coordinated in cyberspace, U.S. Homeland Security Secretary Janet Napolitano said on Tuesday.
 
"It demonstrates the kind and scope of financial crimes that are enabled in a network-connected world, particularly by those who have some skill although not necessarily the highest level of skill, quite frankly, but who can coordinate timing and the like," Napolitano told the Reuters Cybersecurity Summit in Washington.
 
Hackers in December stole a combined $45 million from two banks through coordinated ATM withdrawals around the world. They broke into two unnamed bank card processing companies, raised the balances and withdrawal limits on accounts, then withdrew the money.
 
The prosecutors did not name the two companies but said one was based in India and the other in the United States.
 
Napolitano, who declined to discuss details of the investigation, said the growing number of cyberattacks on banks has resulted in a closer relationship between the government and financial institutions to tackle potential threats.
 
"There is urgency and this is a big problem and legislation certainly would assist us in our efforts," she said, referring to cybersecurity legislation that has been mired in a divided Congress.
 
Napolitano said the legislation, the Cyber Intelligence Sharing and Protection Act, was vital to improve the flow of information in real time to help ensure companies know about possible cyberthreats.
 
The House of Representatives easily passed CISPA legislation on April 18, with majority Republicans getting some support from Democrats.
 
She said she hoped the Senate and the House could come together to agree on legislation to improve cyber sharing that is supported by the White House. She said officials were working on it behind the scenes.
 
While proposed legislation failed to get through the Senate last year, Napolitano said lawmakers had made some progress since then.
 
"One of the things that happened last year was the education of many members about this field. They didn't know very much, to be truthful," she said.
 
More congressional hearings on the issue are likely this summer, Napolitano said, but timing for action on the legislation is uncertain. "It's Congress, and they have their own measure of time," she added.
 
Napolitano also said the government was studying ways to use its purchasing power to induce software makers to sell more secure products.
 
"What we are looking at is what kind of incentives could be used to attract companies to use best practices, including in the software arena, and whether there could be procurement preferences," she said.

You May Like

Wikipedia Proves Useful for Tracking Flu

Technique gave better results than Center for Disease Control (CDC) and Google’s Flu Trends More

Turkish Law Gives Spy Agency Controversial Powers

Parliament approves legislation to bolster powers of intelligence service, which government claims is necessary to modernize and deal with new threats Turkey faces More

Video Face of American Farmer Changing

Average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Face of American Farmer is Changingi
X
Mike Osborne
April 18, 2014
The average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population. It’s a troubling trend signaling big changes ahead for American agriculture as aging farmers retire. Reporter Mike Osborne says a new report from the U.S. Census Bureau is suggesting what some of those changes might look like... and why they might not be so troubling.
Video

Video Face of American Farmer is Changing

The average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population. It’s a troubling trend signaling big changes ahead for American agriculture as aging farmers retire. Reporter Mike Osborne says a new report from the U.S. Census Bureau is suggesting what some of those changes might look like... and why they might not be so troubling.
Video

Video Donetsk Governor: Ukraine Military Assault 'Delicate But Necessary'

Around a dozen state buildings in eastern Ukraine remain in the hands of pro-Russian protesters who are demanding a referendum on self-rule. The governor of the whole Donetsk region is among those forced out by the protesters. He spoke to VOA's Henry Ridgwell from his temporary new office in Donetsk city.
Video

Video Drones May Soon Send Data From High Seas

Drones are usually associated with unmanned flying vehicles, but autonomous watercraft are also becoming useful tools for jobs ranging from scientific exploration to law enforcement to searching for a missing airliner in the Indian Ocean. VOA’s George Putic reports on sea-faring drones.
Video

Video New Earth-Size Planet Found

Not too big, not too small. Not too hot, not too cold. A newly discovered planet looks just right for life as we know it, according to an international group of astronomers. VOA’s Steve Baragona has more.
Video

Video Copts in Diaspora Worry About Future in Egypt

Around 10 percent of Egypt’s population belong to the Coptic faith, making them the largest Christian minority in the Middle East. But they have become targets of violence since the revolution three years ago. With elections scheduled for May and the struggle between the Egyptian military and Islamists continuing, many Copts abroad are deeply worried about the future of their ancient church. VOA religion correspondent Jerome Socolovsky visited a Coptic church outside Washington DC.
Video

Video Critics Say Venezuelan Protests Test Limits of Military's Support

During the two months of deadly anti-government protests that have rocked the oil-rich nation of Venezuela, President Nicolas Maduro has accused the opposition of trying to initiate a coup. Though a small number of military officers have been arrested for allegedly plotting against the government, VOA’s Brian Padden reports the leadership of the armed forces continues to support the president, at least for now.
Video

Video More Millenials Unplug to Embrace Board Games

A big new trend in the U.S. toy industry has more consumers switching off their high-tech gadgets to play with classic toys, like board games. This is especially true among the so-called millenial generation - those born in the 1980's and 90's. Elizabeth Lee has more from an unusual café in Los Angeles, where the new trend is popular and business is booming.
Video

Video Google Buys Drone Company

In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
AppleAndroid