Russian Central Bank loses $31 million in cyber attack


Russia Says Foreign Spy Agencies Preparing Cyber-attacks on Banks

by Anthony Halpin and Volodymyr Verbyany December 2, 2016 — 5:47 AM EST December 2, 2016 — 10:41 AM EST

 Attacks may start on Monday, Federal Security Service says

Ukrainian-owned servers in Netherlands involved, agency says

Russia accused foreign spy agencies of preparing cyber-attacks in dozens of cities to try to undermine its banking system.

Attacks may begin on Monday with the goal “of destabilizing the financial system of the Russian Federation, including the activities of a number of major Russian banks,” the Federal Security Service, the successor body to the Soviet-era KGB, said in a website statement Friday.

The attackers plan to use servers based in The Netherlands that belong to a Ukrainian hosting company, BlazingFast, the security agency known as the FSB said. The plot involves mass distribution of text messages and social-media blogs alleging a crisis in Russia’s financial system including bankruptcies and the removal of licenses from well-known federal and regional banks, it said.


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