AMSTERDAM (Reuters) – Spanish National police have arrested a person suspected of leading a gang of cyber criminals that targeted banks, altering account balances and instructing automatic tellers to eject cash, causing as much as a billion euros ($1.2 billion) in damages, Europol said on Monday.

In a statement, Europol said the suspect in the malware attacks known as “Carbanak” and “Cobalt” had been arrested in Alicante, Spain, after cooperation from police forces around the globe.

Reporting by Toby Sterling, editing by Larry King

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