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Hackers Steal $31 Million at Russia's Central Bank (cnn.com) 78

The Bank of Russia has confirmed Friday that hackers have stolen 2 billion rubles ($31 million) from correspondent accounts at the Russian central bank. Central bank security executive Artiom Sychev said it could've been much worse as hackers tried to steal 5 billion rubles, but the central banking authority managed to stop them. CNNMoney reports: Hackers also targeted the private banks and stole cash from their clients, the central bank reported. The central bank did not say when the heist occurred or how hackers moved the funds. But so far, the attack bears some similarity to a recent string of heists that has targeted the worldwide financial system. Researchers at the cybersecurity firm Symantec have concluded that the global banking system has been under sustained attack from a sophisticated group -- dubbed "Lazarus" -- that has been linked to North Korea. But it's unclear who has attacked Russian banks this time around. Earlier Friday, the Russian government claimed it had foiled an attempt to erode public confidence in its financial system. Russian's top law enforcement agency, the FSB, said hackers were planning to use a collection of computer servers in the Netherlands to attack Russian banks. Typically, hackers use this kind of infrastructure to launch a "denial of service" attack, which disrupts websites and business operations by flooding a target with data. The FSB said hackers also planned to spread fake news about Russian banks, sending mass text messages and publishing stories on social media questioning their financial stability and licenses to operate.
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Hackers Steal $31 Million at Russia's Central Bank

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  • Hackers Steal $31 Million From at Russia's Central Bank

    Doesn't sound right, or does it?

    Emphasis mine.

  • CNN = Fake News. (Score:4, Insightful)

    by Anonymous Coward on Friday December 02, 2016 @08:54PM (#53412527)
    I don't trust anything from their site anymore. I'm going to see what RT has to say about this... Oh the irony!
    • Re: (Score:1, Flamebait)

      If you think that RT, the mouthpiece of Vladimir Putin, has more credibility than CNN, you are an idiot.

      Or perhaps more likely, a Russian propaganda troll or an "alt-right" Trump fan. Hard to tell the difference anymore.

      • "If you think that RT, the mouthpiece of Vladimir Putin, has more credibility than CNN, you are an idiot.

        Rufus the desert blogger UFO crank has more credibility than today's CNN.

  • by Anonymous Coward

    That this wasn't done by Putin. Call it a conspiracy theory but the guy is dirtier than dirt.

    And now he has a reason to invade the netherlands... or something suitably nasty.

  • by Anonymous Coward on Friday December 02, 2016 @08:57PM (#53412537)

    Jill Stein's campaign announces a 27 million dollar donation for recounts in additional states.

    • by skam240 ( 789197 )

      Please, it's not America's Left that has been getting help from Russia all this time. Far from it.

  • by drew_kime ( 303965 ) on Friday December 02, 2016 @08:57PM (#53412541) Journal

    Serious question: In Debt of Honor [wikipedia.org] there was a hack directed against the NYSE. They rolled back all transactions for the day. In a bank hack no one took physical cash. If they can show the transactions were fraudulent, why can't they just reverse it?

    • Big difference between real world and Tom Clancy world. For reference, see every book he wrote.
    • by Fire_Wraith ( 1460385 ) on Friday December 02, 2016 @10:09PM (#53412809)
      In theory they could.

      The basic problem is that it's equivalent to the Russian government printing 2 billion rubles and handing it to the bank to replace a physical theft. There's still the matter of the stolen 2 billion rubles floating around out there. If you don't deal with that somehow, by tracing it down and freezing/deleting it (at which point you're effectively returning it), then all you've done is magically create 2 billion rubles.

      Needless to say, this can lead to some serious problems in the long run.
    • Serious question: In Debt of Honor [wikipedia.org] there was a hack directed against the NYSE. They rolled back all transactions for the day. In a bank hack no one took physical cash. If they can show the transactions were fraudulent, why can't they just reverse it?

      For some of it they did:

      Hackers tried to steal 5 billion rubles, but the central banking authority managed to stop them and redirect the funds, according to central bank security executive Artiom Sychev.
      "We were lucky to return some of money," said a central bank spokesperson.

      That's the transfers they were able to unwind. The other transfers went to non-cooperating banks, or more likely were broken up and bounced from bank to bank and one of the banks in the chain won't play ball.

    • They weren't able to roll back most of the transactions because they happened over the course of the year. From TFA:

      Editors note: This story has been updated to clarify that the losses cited from cyberattacks at Russia's central bank were for 2016, not a single attack.

    • by Agripa ( 139780 )

      Serious question: In Debt of Honor [wikipedia.org] there was a hack directed against the NYSE. They rolled back all transactions for the day. In a bank hack no one took physical cash. If they can show the transactions were fraudulent, why can't they just reverse it?

      In Dept of Honor, only the transactions with US exchanges where both sides were recorded and could be changed were rolled back. External transactions were beyond their control.

  • by Anonymous Coward

    Dead men walking! Get a good last look at these hackers, here - they're dead men walking!

  • No Fury (Score:2, Funny)

    by sexconker ( 1179573 )

    Like HRC scorned.

  • by Anonymous Coward
    ...if they were using bitcoin
  • by Black Parrot ( 19622 ) on Friday December 02, 2016 @09:18PM (#53412627)

    is on.

  • some spending money.

    Party On Ed!!

  • by Anonymous Coward

    Serious question: Surely transferring money leaves audit trails? One account is debited while the other is credited.

    Does this not leave a record that can be traced?

  • by Nikkos ( 544004 ) on Friday December 02, 2016 @11:49PM (#53413185)

    The Russians did it.

  • Russia's been one of the biggest sources of hackers, Internet attacks, online fraud, credit card theft, and the like for years now, and they've done damn all about it.

    Serves the bastiges right.

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