The Deutsche Bank Computer Heist (1986) A group of hackers and criminals, including individuals connected to Serbian or Yugoslav nationalist circles, exploited Deutsche Bank’s computer systems to frau
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The Deutsche Bank Computer Heist (1986) A group of hackers and criminals, including individuals connected to Serbian or Yugoslav nationalist circles, exploited Deutsche Bank’s computer systems to fraudulently transfer millions of Deutsche Marks (the currency of West Germany at the time). The breach involved insider knowledge —some suspects had worked at the bank or had access to its systems. The perpetrators manipulated the bank’s software to redirect funds to dummy accounts before withdrawing the money. The exact amount stolen remains unclear, but estimates range from several million to tens of millions of Deutsche Marks (equivalent to millions of dollars today).
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