Russian Cyber-crime Group Discovered

Hi all,

The Russian Interior Ministry’s department of cyber-crimes has announced that they have unveiled a criminal group which had planned a series of massive cyber-attacks on the Russian banking system and international payment systems.

This criminal group has more than 50 members and  is headed by a 30-year IT expert from Moscow, stated Alexei Moshkov, head of the department.

According to Moshkov, members of the group have planned to launch cyber-attacks against processing centres of Russian and foreign banks, as well as some world financial networks and systems, particularly the SWIFT system where criminals were able to create the software that generated fake bills.

Processing center of VISA has also been targeted for attacks but according to an official spokesman of VISA Russia, the company has been able to prevent it.

Alexei Moshkov commented: “Using vulnerabilities in their protocols, they were able to infliltrate and undermine some major international payment systems.  They have created and registered their own payment system to facilitate the withdrawal of funds, which took place in accordance with all international rules and standards.”

The Russian Interior Ministry has further stated that this criminal group was skilled and prepared not only for direct hacking attacks but specialises in the production of skimming equipment for ATMs, the creation of systems for the control of banking terminals, and the design and spread of computer viruses.

The group has initially planned to steal RUB 1.5 billion (£13 million) and before the group was uncovered they have hacked various Russian banks and have forced Central Bank to disconnect the hacked banks from the main Russian electronic payments system.

Over the last few months, three cyber-criminal groups including this group has been detected. Alexander Gostev and Vitaly Kamlyuk, senior researchers  at Kaspersky Lab announced recently that two other groups had been detected and both of them have used malware to withdraw cash from ATMs, infiltrating banking networks and undertaking illegal financial transactions. 30 Russian banks have been targeted using the Metel malware (also known as Corkow).


Until next time…

Source: Akati

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