Sixty million euro has been stolen from bank accounts in a massive cyber bank raid after fraudsters raided dozens of financial institutions around the world.

"The fraudsters' objective in these attacks is to siphon large amounts from high balance accounts, hence the name chosen for this research - Operation High Roller,"

"If all of the attempted fraud campaigns were as successful as the Netherlands example, the total attempted fraud could be as high as 2bn euro (£1.6bn)

http://blogs.wsj.com/cio/2012/06/26/operation-high-roller-targets-corporate-bank-accounts/

After LinkedIn, Last.Fm and eHarmony, now it’s TechRadar’s turn to admit that cybercriminals have gained access to its user database. As a result of the attack, usernames, encrypted passwords, email addresses and birth dates have been stolen.

“Our IT team has identified the cause of the problem and has taken action to rectify it,” Nick Merritt, publisher at TechRadar, explained.

In the meantime, the forums have been shut down and will remain that way until the company’s representatives are certain that all the security holes are properly patched up.

Impacted customers will be contacted and advised to change all the passwords that are similar to the ones used to protect their TechRadar accounts