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Hackers hit Russian bank customers

Hackers hit Russian bank customers, planned international cyber raids

Russian cyber criminals used malware planted on Android mobile devices to steal from domestic bank customers and were planning to target European lenders before their arrest, investigators and sources with knowledge of the case told Reuters.

Their campaign raised a relatively small sum by cyber-crime standards – more than 50 million roubles ($892,000) – but they had also obtained more sophisticated malicious software for a modest monthly fee to go after the clients of banks in France and possibly a range of other western nations.

Russia’s relationship to cyber crime is under intense scrutiny after U.S. intelligence officials alleged that Russian hackers had tried to help Republican Donald Trump win the U.S. presidency by hacking Democratic Party servers.

The Kremlin has repeatedly denied the allegation.

The gang members tricked the Russian banks’ customers into downloading malware via fake mobile banking applications, as well as via pornography and e-commerce programs, according to a report compiled by cyber security firm Group-IB which investigated the attack with the Russian Interior Ministry.

The criminals – 16 suspects were arrested by Russian law enforcement authorities in November last year – infected more than a million smartphones in Russia, on average compromising 3,500 devices a day, Group-IB said.

The article is copied from Reuters. Click here to read more.

About Kamran Mohsin

Kamran Mohsin
I'm a software engineer by profession, a passionate and experienced web designer, developer and blogger. I use to work with programming languages on daily basis and works to get something new into my knowledge prior to what I had before. I write blogs about information security, WordPress, various ways to make money and more.

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