Over $31 Million Stolen by Hackers from Russian Central Bank

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Over $31 Million Stolen by Hackers from Russian Central Bank

By CircleID Reporter
December 02, 2016, 10:43 pm PST Views: 6,533 Add Comment

Hackers have stolen over 2 billion rubles ($31 million) from correspondent accounts at the Russian central bank, the bank reported today—the latest example of an escalation of cyber attacks on financial institutions around the globe. Reuters reports: “Central bank official Artyom Sychyov discussed the losses at a briefing, saying that the hackers had attempted to steal about 5 billion rubles. Sychyov was commenting on a central bank report released earlier in the day, that told about hackers breaking into accounts there by faking a client’s credentials. The bank provided few other details in its lengthy report.

— Update, Dec 9: “Russian authorities arrested a large number of suspects in May in connection with the recently revealed electronic theft of $19 million from accounts held at the Russian central bank,” Alexander Winning and Elena Fabrichnaya reporting from Moscow in Reuters. “Artyom Sychyov, deputy head of the Bank of Russia’s security directorate, said the Federal Security Service, or FSB, and the Interior Ministry, which oversees the police, had run a joint operation after the Russian heist, and that ‘a large number of people were arrested’.”

By CircleID Reporter

CircleID’s internal staff reporting on news tips and developing stories. Do you have information the professional Internet community should be aware of? Contact us.

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