Cybersecurity

Cybercriminals Steal $21M from Russian Banks in 12 Months

Cybercriminals have stolen 1.37 billion rubles ($22 million) from Russian banks since last May, Russia's Central Bank announced Tuesday. The figures come from a report marking the first-year anniversary of the Central Bank's cyber-space monitoring service FinCERT, created specifically to prevent the spread of cybercrime. FinCERT recorded 20 major cyber attacks on Russian banks from May 2015 to June 2016, with criminals attempting to steal a total of 2.87 billion rubles ($45 million.) Phishing websites and fake SMS and email messages claiming to be from FinCERT formed the basis of many of the attacks, along with ATM theft.