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Researchers Uncover Hacker Group Behind Organized Financial-Theft Operation

Cybersecurity researchers have taken the wraps of an organized financial-theft operation undertaken by a discreet actor to target transaction processing systems and siphon funds from entities primarily located in Latin America for at least four years. The malicious hacking group has been codenamedElephant Beetleby Israeli incident response firm Sygnia, with the intrusions aimed at banks and