Saturday 3 December 2016

Hackers steal more than $31m from Russia's central bank

Hackers stole 2 billion rubles (over $31m) from correspondent bank accounts at the Russian central bank in a cyberattack, the bank confirmed on Friday (2 November). According to central bank official Artem Sychev, the cybercriminals attempted to swipe around 5 billion rubles, the Wall Street Journal reports. However, the central bank managed to stop them and recover some of the money.

"We can't say exactly when, but we can say today it was stolen," Ekaterina Glebova, an official at the bank's press office told The Wall Street Journal.

According to a report released by the central bank earlier on Friday, the hackers broke into a system that the central bank operates by faking a client's credentials,

The banking institute said that it was able to retrieve $26m, part of which was reportedly frozen in other bank accounts that the hackers opened in order to move the money. In some cases, the bank said it was able to freeze transfers from the targeted correspondent accounts.

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