(Bloomberg) -- Russian police have arrested 50 members of an alleged cyber-crime ring that stole more than 3 billion rubles ($45 million) from banks, the country’s biggest ever crackdown on financial hackers.

The gang used malware to create networks of infected computers to launch 18 targeted attacks against Russian banks and state entities over the past year, the Interior Ministry said in a statement on its website. Police were able to prevent another 2.3 billion rubles of losses, it said. The individual banks weren’t identified.

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