Russia says hackers stole more than $17 million from its banks in 2017

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MAGNITOGORSK, Russia (Leading Breaking Information) – Hackers stole extra than 1 billion roubles ($17 million) from Russian financial institutions utilizing the Cobalt Strike protection-screening tool in 2017, a central bank formal stated on Tuesday.

Russia is below extreme scrutiny in excess of cyber criminal offense pursuing allegations hackers backed by Moscow have attacked targets in the United States and Europe, accusations the Kremlin has continuously denied.

Russian authorities are now eager to present that Russia far too is a recurrent victim of cyber criminal offense and that they are doing the job difficult to beat it.

Central financial institution Deputy Governor Dmitry Skobelkin explained to an data security convention in the Russian metropolis of Magnitogorsk that 21 “waves of attacks” working with Cobalt Strike had been recorded in 2017.

“More than 240 credit score corporations had been strike by the assaults, 11 of which were being successful. The amount of money stolen was far more than 1 billion roubles,” he claimed.

Cobalt Strike is a security software utilized to examination the toughness of an organization’s cyber defenses, but it has also been employed by hackers to assault banks in Russia and Europe.

A team recognised as Cobalt since of their use of the tool attacked money machines in more than a dozen nations in 2016, applying the destructive computer software to pressure the ATMs to spit out money.

Skobelkin reported the Russian central bank experienced sent warnings to much more than 400 businesses which were specific by the Cobalt group very last 12 months.

($1 = 57.8102 roubles)

Reporting by Jack Stubbs Editing by Katya Golubkova and Susan Fenton

Our Criteria:The Thomson Top rated Breaking News Belief Principles.

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Via Reuters

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