NEW YORK (CNNMoney) — Federal prosecutors are set to announce charges Thursday in a global cybertheft ring that allegedly stole $45 million from banks and other financial firms.
The charges are due to be announced in Brooklyn by U.S. Attorney Loretta Lynch of the Eastern District of New York.
A spokesman for her office said the charges are against eight individuals who were part of the New York cell of the operation. Those individuals were involved in stealing $2.8 million in cash from New York banks.
Cybercrime has become an issue of growing concern, especially as the number of hacking attacks from overseas has grown. Even the Federal Reserve was hacked from overseas earlier this year.
While hacking attacks often steal personal information that can then be used in identity theft schemes, hacking theft from banks and credit card companies by organized crime is also a growing problem. Two years ago Citigroup admitted that more than $2.7 million was stolen from 3,400 accounts during a hacking attack.