Tag Archive for: bank

Argentinian Hacker Returns USD 200 Million in Largest Heist in History to a Digital Bank  


At just 19 years old, Federico Jaime infiltrated a complex computer security system and in just 18 minutes obtained a record amount. Days later, Jaime returned the money and left an unexpected message.

A couple of weeks ago, news circulated on some international portals about a 19-year-old Argentine hacker who had stolen 200 million dollars from an English bank, and who contrary to what usually happens in the vast majority of these cases, had returned the total amount of money. Even one saver received much more than they had lost due to the touching words they shared.

To put the situation into perspective, this was the largest hack in history carried out by a single person, and the “attack” lasted just 18 minutes, followed by a series of communications between the parties. The total amount obtained was returned 23 days later, leaving as a golden touch to the maneuver a message revealing his identity and encouraging the practice of “Ethical Hacking”, that is, the one carried out with the aim of revealing the flaws of a computer security system.

After learning some details of this story, I began trying to contact Federico by all means. After a couple of weeks of persistence, I managed to get a response from him and we started talking through a channel he considered safe, finally agreeing after a few days to answer some questions, but in exchange for not revealing my identity, the medium by which we communicate, and the place in the world where he currently is. He explains that he should not need to behave this way but due to some malicious and false rumors, he prefers to be cautious at least during the first few months.

I must confess that if I didn’t know his age and wasn’t looking at the face of someone who recently stopped being a child, I would bet I was talking to a seasoned academic, when in fact it is a self-taught person, who does not yet have any university degree.

Here are some excerpts from what I’ve been able to learn about Federico Jaime, the Argentine hacker who left much of the world speechless.

  • Would you like to tell us a little about your story and how you gained the knowledge that makes you considered a hacker today?

I wouldn’t say I’m a…

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I’m a security expert – Android, iPhone users warned they ‘can’t trust their ears’ as eerie AI call raids bank accounts


CYBERSECURITY experts have warned billions of Android and iPhone users that they might not be able to trust their own ears from scammers looking to raid their banks. 

As artificial intelligence continues to develop, cybersecurity and anti-virus software provider Kaspersky Lab is warning people of scammers using deep-fake technology in phone calls. 

Cybersecurity experts are warning smartphone users of scammers using voice deepfakesCredit: Getty
The scams use fake audio recordings in an attempt to steal money and personal dataCredit: Getty
The technology compresses two recordings togetherCredit: Niral Shah/Stanford/K. Qian, Y. Zhang, S. Chang, et al

Also known as voice cloning or voice conversion, the cyber security company highlighted voice deep fakes in a recent blog post. 

According to the company, this technology is based on autoencoders, which compresses input data into a compact internal representation before learning to decompress it back, restoring the original data. 

In other words, the AI program will first be given data such as two audio recordings – one with the original audio and words, and the other with the voice it wants to use instead. 

Next, the system determines what was said in the first recording and how the voice in the second recording speaks – such as various inflections or accents. 

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Then, the system will combine these two compressed representations together to then generate the voice in the second recording saying the words from the first. 

While this technology might seem harmless to some – or the foundations of a good prank – it can be very dangerous when put in the wrong hands. 

Kaspersky Lab detailed that scammers have been using this technology for years to target companies and individuals worldwide. 

In 2019, for example, criminals used AI software to create fraudulent money transfer requests supposedly from the chief executive officers of an energy firm in the United Kingdom. 

Not only did the scammers use the technology to make the initial request over the phone, they also falsified two additional phone calls to confirm the first transfer and request a second. 

Because the AI program had used a…

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BlackCat hackers claim Krishi Bank breach; stole over 170gb sensitive data


Tech & Startup Desk

Tue Jul 11, 2023 06:45 AM Last update on: Tue Jul 11, 2023 07:06 AM

Bangladesh Krishi Bank was attacked by ALPHV.

“> Bangladesh Krishi Bank was attacked by ALPHV.

Bangladesh Krishi Bank was attacked by ALPHV.