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Hackers pilfered $6M from Russian central bank via SWIFT system

 

Hackers pilfered $6M from Russian central bank via SWIFT system

Hackers nicked $6 million from the Russian central bank last year via the SWIFT messaging system, according to report from the bank.

“The volume of unsanctioned operations as a result of [a single successful attack] amounted to 339.5 million roubles,” the bank said. Hackers gained control of one of the bank’s computers and used the SWIFT system to transfer money, according to a reportfrom Reuters.

Cautioning that “the stability of our financial institutions is threatened by these types of attacks,” Nick Bilogorskiy, cybersecurity strategist at Juniper Networks, said “they should serve as a call to action for international law enforcement cooperation on defending our global financial systems.”

Bilogorskiy sad that cybergangs typically use two methods for robbing bank – ATM jackpotting and SWIFT wire transfers. “Our banks and financial institutions are all interconnected today, which creates major risks and international groups of criminals in various countries are monetizing these risks,” he said.

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