11:55 AM

Hackers Steal $31 Million From Russia's Central Bank

Bank says cybercriminals faked client credentials to break into accounts and attempted to steal 5 billion rubles.

Russia's central bank was robbed of $31 million (more than 2 billion rubles) after hackers broke into accounts at the bank by faking a customer's credentials, Reuters reports. Bank official Artyom Sychyov said the attackers had tried to steal around 5 billion rubles, but failed to obtain that amount.

The cyber theft comes in the wake of allegations by Russia that foreign spies were trying to create turmoil in the nation's financial system via cyberattacks and misleading stories about banks going out of business.

Hackers have recently been responsible for stealing millions of dollars from financial institutions across the globe. In February, $81 million was illegally transferred out of Bangladesh’s central bank at The Federal Reserve Bank of New York.

Read full report on Reuters

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Christian Bryant
Christian Bryant,
User Rank: Ninja
12/5/2016 | 7:47:23 PM
An Unfortunate Crime
I think what makes this the most unfortunate of crimes is that no matter what B$ various governments put each other through, and no matter who enlists cybercriminals to do dirty work for them, honest people are still going to get hurt.  All the worse when beefs between countries inspire criminal acts that are made to seem like foreign attacks.  We can't let honest people be left helpless and brought to financial ruin so easily.  The security industry should be able to do better, even to the point of preventing the very people who hire security analysts from doing harm within their own environments.  Yeah, sounds a little weird when you say it out loud, but there's some brainstorming to do on that one, still. 
Cerber 5
Cerber 5,
User Rank: Apprentice
12/5/2016 | 1:56:52 PM
Re: Hackers Steal $31 Million From Russia's Central Bank
2 billions doesn't sound like "failed to obtain" :))
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