Lessons From The New York ATM Heist

The announcement yesterday of charges in New York against eight members of a cybercrime ring that stole $40 million from ATMs in 24 countries, all within 10 hours, is the latest in a series of episodes that illustrate the constant threat of cyber attacks against our corporate networks. This case should be a wake-up call to anyone who underestimates the sophistication and determination of today's cyber-criminals. Now more than ever, hackers in different countries can collaborate across borders and time zones and despite language barriers, just as easily as if they were in the same room. They can orchestrate and execute highly sophisticated, complex criminal schemes that involve coordinating the actions of associates around the globe.