The Russian Central Bank has withdrawn licenses from at least three banks who are alleged to have hired hackers to break into their own systems and empty out depositors' account, secretly giving the money back to the bank less a commission.
Georgy Luntovsky, first deputy chairman of Russia's Central Bank, alleges that the practice is widespread and "many" banks have done it.
According to data from the Russian Central Bank, in Q4 2015 alone cyber-attacks resulted in the theft of more than 1.5 billion rubles (US$ 20 million) from the accounts of clients at some Russian banks and there is a strong suspicion that these attacks could have taken place with the knowledge of these banks and even with their direct participation.
Criminals were able to cash funds using real credit cards, making thousands of anonymous bank transfers and falsifying accounting details of the banks' counterparties.
At the same time, according to data provided by the Central Bank to SC, in addition to fake cyber-attacks on Russian banks, this year the number of cyber-attacks on non-credit financial institutions has also increased.
Russian bank licences revoked for using hackers to withdraw funds
[Eugene Gerden/SC Magazine]
(Image: Russian President Putin visits a Moscow branch of Sberbank, November 2001
In the coronavirus pandemic, one app reigns supreme: Zoom, the video-conferencing app that allows you to easily add individuals or groups for informal chats or business meetings. Many teachers are using it to keep classes going for schools and universities closed by COVID-19.
Hackers tried to break into the World Health Organization earlier in March, as the COVID-19 pandemic spread, Reuters reports. Security experts blame an advanced cyber-espionage hacker group known as DarkHotel. A senior agency official says the WHO has been facing a more than two-fold increase in cyberattacks since the coronavirus pandemic began.
• ‘Fronton’ is the FSB’s IoT botnet project
If you’re charting the fortunes of a business, one glance at the right columns can instantly detail that company’s health. If you want to see their current roster of customers, a spreadsheet can bring those clients into sharp focus. Make no mistake — the world of business is still dominated by the all-powerful spreadsheet. It’s […]
For wine lovers around the world, it’s all about discovery. Once they get a taste for the grape, oenophiles are rarely satisfied with even the most carefully curated, go-to vintages. There’s always a hunt for the next great pairing, the thrill of uncorking a bold new Tempranillo or sublime Moscato. That feeling is a jones […]
These toys and games can keep the kids busy while you’re all trapped inside. As rough as all this time cooped up inside the house is on us adults, it’s even worse for kids. All that borderline maniacal energy along with an unquenchable thirst for stimulation and attention make home sequestration like a life sentence […]