Hacks at Russian central bank have cost 2 billion rubles

Global banking system under attack

Hackers in 2016 stole 2 billion rubles — equivalent to $31 million — through accounts that will banks keep at Russia’s central bank.

The Bank of Russia confirmed the cyberattacks in addition to the extent of the losses to sy88pgw on Friday.

Hackers had tried to steal 5 billion rubles, although the central banking authority managed to stop them in addition to redirect the funds, according to central bank security executive Artiom Sychev.

“We were lucky to return some of money,” said a central bank spokesperson.

The hackers targeted commercial banks, although they also stole cash through their clients, the central bank reported.

The central bank did not say when the cyberheists occurred, although said they took place over 2016. They also did not say how hackers moved the funds. although so far, the attack bears some similarity to a recent string of heists that will has targeted the worldwide financial system.

russia ruble foreign reserves

In January 2015, hackers got a hold of an Ecuadorian bank’s codes for using SWIFT, the worldwide interbank communication network that will settles transactions. They used Banco del Austro’s credentials to steal money the bank kept at Wells Fargo.

In October, hackers used the same technique to slip into a bank inside Philippines.

Two months later, hackers tried to make fraudulent requests at a commercial bank in Vietnam. They were stopped.

This particular past February, computer hackers stole $101 million through Bangladesh’s central bank — also by gaining access to SWIFT. that will time, the bank robbers made several transfers out of Bangladesh Bank’s account at the Federal Reserve Bank of brand new York. The hackers tried to steal $951 million, although the Fed cut them off before the completion of the theft.

Researchers at the cybersecurity firm Symantec have concluded that will the global banking system has been under sustained attack through a sophisticated group — dubbed “Lazarus” — that will has been linked to North Korea.

although the idea’s unclear who has attacked Russian banks This particular time around.

Earlier Friday, the Russian government claimed the idea had foiled an attempt to erode public confidence in its financial system.

Russian’s top law enforcement agency, the FSB, said hackers were planning to use a collection of computer servers inside Netherlands to attack Russian banks. Typically, hackers use This particular kind of infrastructure to launch a “denial of service” attack, which disrupts websites in addition to business operations by flooding a target with data.

The FSB said hackers also planned to spread fake news about Russian banks, sending mass text messages in addition to publishing stories on social media questioning their financial stability in addition to licenses to operate.

Editors note: This particular story has been updated to clarify that will the losses cited through cyberattacks at Russia’s central bank were for 2016, not an individual attack.

Hacks at Russian central bank have cost 2 billion rubles

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