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Attacks/Breaches

6/2/2016
08:45 AM
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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

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jries921
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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.
BertrandW414
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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
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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.
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