RealNews

Iran's banking system hit by first ever electronic robbery

An Iranian hacker has managed to rob a local bank of some 700 million rials (83,000 dollars) in the first reported case of a bank in Iran being robbed by computer, press reports said Sunday. The Shargh newspaper said the bank was accessed by a hacker who managed to credit his or her account and then withdraw the money at ATM machines which have only recently been introduced in the country. The bank was not identified, but last week the Iranian media reported that Bank Melli — the country’s oldest bank — had been experiencing some problems with electronic cash dispensers. Full Story

OODA Analyst

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