Wednesday, 1 June 2016

Russia says arrests hacker gang who defrauded banks of millions

Russia’s FSB security service said on Wednesday it had helped detain a gang of about 50 hackers who stole over 1.7 billion roubles ($25.33 million) from the accounts of various Russian financial institutions.

The same gang had tried to steal a further 2.273 billion roubles by issuing false payment instructions which had been blocked, the interior ministry said.

The suspects had used malware to set up a network of bots on infected computers to carry out the cyber attacks, the ministry said, and Sberbank, Russia’s largest bank by assets, had helped the authorities crack the case.

The hackers targeted accounts belonging to corporate entities as well as correspondent accounts belonging to financial institutions. The authorities did not name any other lenders apart from Sberbank or say how many accounts had been compromised. For the full article click here 



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