Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Attacks/Breaches

6/2/2016
08:45 AM
100%
0%

Russia Arrests 50 In Rare Cybercrime Crackdown

Detainees allegedly involved in cyber-theft of more than $45 million from financial institutions in country.

In what is said to be Russia’s biggest crackdown on financial hackers, police there have arrested 50 people allegedly responsible for cybercrimes involving more than 3 billion rubles ($45 million), according to a Bloomberg report.

The detainees belong to a gang that waged 18 attacks on Russian financial entities and state agencies in the past year using malware to breach computers, says the country’s Interior Ministry adding that cops prevented a further theft of 2.8 billion rubles.

Russian cybercrime is notoriously associated with cyberattacks on financial institutions around the globe, including the Carbanak group that stole some $1 billion from banks in 30 countries, according to Kaspersky Lab. 

Russia is now “tightening its grip on financial hacking,” according to Kaspersky Lab, which assisted the police in the crackdown.

Read more at Bloomberg Technology

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
jries921
50%
50%
jries921,
User Rank: Ninja
6/3/2016 | 1:11:13 PM
Re: So why the crackdown?
On rereading, I noticed the bit about Russian banks and state agencies being targeted (previously missed).  I would think that would a no-no (especially the latter).

Much safer to target foreigners who can't vote or claim protection from the host government.
BertrandW414
100%
0%
BertrandW414,
User Rank: Strategist
6/3/2016 | 10:21:23 AM
Re: So why the crackdown?
Da! I would also add that maybe the criminals ran out of luck and unknowingly stole from a friend or associate of Putin's.
jries921
50%
50%
jries921,
User Rank: Ninja
6/2/2016 | 11:53:41 AM
So why the crackdown?
It is possible that the Russian authorities have decided that the country's reputation as a haven for cybercriminals is an embarassment (which it is), but I can't rule out the possibility that someone neglected to pay his protection money.
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
6 Emerging Cyber Threats That Enterprises Face in 2020
This Tech Digest gives an in-depth look at six emerging cyber threats that enterprises could face in 2020. Download your copy today!
Flash Poll
State of Cybersecurity Incident Response
State of Cybersecurity Incident Response
Data breaches and regulations have forced organizations to pay closer attention to the security incident response function. However, security leaders may be overestimating their ability to detect and respond to security incidents. Read this report to find out more.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2016-11047
PUBLISHED: 2020-04-07
An issue was discovered on Samsung mobile devices with JBP(4.2) and KK(4.4) (Marvell chipsets) software. The ACIPC-MSOCKET driver allows local privilege escalation via a stack-based buffer overflow. The Samsung ID is SVE-2016-5393 (April 2016).
CVE-2016-11048
PUBLISHED: 2020-04-07
An issue was discovered on Samsung mobile devices with L(5.0/5.1) (Spreadtrum or Marvell chipsets) software. There is a Factory Reset Protection (FRP) bypass. The Samsung ID is SVE-2016-5421 (March 2016).
CVE-2016-11049
PUBLISHED: 2020-04-07
An issue was discovered on Samsung mobile devices with software through 2016-01-16 (Shannon333/308/310 chipsets). The IMEI may be retrieved and modified because of an error in managing key information. The Samsung ID is SVE-2016-5435 (March 2016).
CVE-2016-11050
PUBLISHED: 2020-04-07
An issue was discovered on Samsung mobile devices with S3(KK), Note2(KK), S4(L), Note3(L), and S5(L) software. An attacker can rewrite the IMEI by flashing crafted firmware. The Samsung ID is SVE-2016-5562 (March 2016).
CVE-2016-11051
PUBLISHED: 2020-04-07
An issue was discovered on Samsung mobile devices with J(4.2) (Qualcomm Wi-Fi chipsets) software. There is a buffer overflow in the Qualcomm WLAN Driver. The Samsung ID is SVE-2016-5326 (February 2016).