World Economy

Russia Says $17 Million Hacked in 2017

Russia Says  $17 Million Hacked in 2017
Russia Says  $17 Million Hacked in 2017

Hackers stole more than 1 billion rubles ($17.3 million) from Russian banks using the Cobalt Strike security-testing tool in 2017, a central bank official said on Tuesday. Russia is under intense scrutiny over cybercrime following allegations hackers backed by Moscow have attacked targets in the US and Europe, accusations the Kremlin has repeatedly denied, Reuters reported. Russian authorities are now keen to show that Russia too is a frequent victim of cybercrime and that they are working hard to combat it. Central bank Deputy Governor Dmitry Skobelkin told an information security conference in the Russian city of Magnitogorsk that 21 “waves of attacks” using Cobalt Strike had been recorded in 2017. “More than 240 credit organizations were hit by the attacks, 11 of which were successful. The amount stolen was more than 1 billion rubles,” he said. Cobalt Strike is a security tool used to test the strength of an organization’s cyber defenses, but it has also been used by hackers to attack banks in Russia and Europe.


Add new comment

Read our comment policy before posting your viewpoints