As many as 100 banks and other financial institutions around the world have been hit by one of the most sophisticated cyber attacks to strike the finance industry, according to a report from Russian security company Kaspersky, due to be released on Monday.
The range and extent of the attacks is still under investigation, with the firm putting a figure of $1bn on the losses that the banks have suffered.
However, one representative for Kaspersky admitted that while this reflected the amounts targeted in the attacks, the firm had not yet been able to confirm how much money had actually been stolen.
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