Home / Technology and Science / Russia Says Hackers Stole More Than $17 Million From Its Banks in 2017

Russia Says Hackers Stole More Than $17 Million From Its Banks in 2017

Hackers stole greater than RUB 1 billion ($17 million or kind of Rs. 109 crores) from Russian banks the use of the Cobalt Strike security-testing device in 2017, a central financial institution legitimate mentioned on Tuesday.

Russia is beneath intense scrutiny over cybercrime following allegations hackers subsidized by way of Moscow have attacked goals in the United States and Europe, accusations the Kremlin has time and again denied.

Russian government at the moment are willing to turn that Russia too is a common sufferer of cybercrime and that they’re running arduous to fight it.

Central financial institution Deputy Governor Dmitry Skobelkin instructed a knowledge safety convention in the Russian town of Magnitogorsk that 21 “waves of attacks” the use of Cobalt Strike have been recorded in 2017.

“More than 240 credit organisations were hit by the attacks, 11 of which were successful. The amount stolen was more than 1 billion roubles,” he mentioned.

Cobalt Strike is a safety device used to check the power of an organisation’s cyber defences, however it has additionally been utilized by hackers to assault banks in Russia and Europe.

A bunch referred to as Cobalt as a result of their use of the device attacked money machines in greater than a dozen nations in 2016, the use of the malicious device to power the ATMs to spit out money.

Skobelkin mentioned the Russian central financial institution had despatched warnings to greater than 400 organisations that have been focused by way of the Cobalt workforce ultimate 12 months.

© Thomson Reuters 2018

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