Thursday 30 June 2016

Hackers investing 40% of crime proceeds in new criminal techniques

Nikolay Nikiforov, an official spokesperson at Russia’s Ministery of Communications, told SC that investment of crime proceeds in new attack methods is mainly due to a change of priorities by hackers seen in recent years whereby they are no longer solely interested in attacks on the private bank accounts of individuals, but mainly targeting the breach of correspondent accounts of banks.

This view is repeated by Sergey Semenov, deputy director of the Russian Ministry of Internal Affairs department tasked with fighting cyber-crimes, who says that hackers are constantly exploring and designing new technologies and techniques that will allow them to simplify their attacks to make them even more devastating.

For this reason, in recent years hackers have, according to Semenov, become active commissioners of different types of research dedicated to the problems of cyber-safety, usually ordered by them under the guise of legitimate startups or industry analysts. For the full article click here 



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