Cybersecurity

Russia says foreign spies plan cyber attack on banking system

Russia said on Friday it had uncovered a plot by foreign spy agencies to sow chaos in Russia's banking system via a coordinated wave of cyber attacks and fake social media reports about banks going bust.

Russia's domestic intelligence agency, the Federal Security Service (FSB), said that the servers to be used in the alleged cyber attack were located in the Netherlands and registered to a Ukrainian web hosting company called BlazingFast.

The attack, which was to target major national and provincial banks in several Russian cities, was meant to start on Dec. 5, the FSB said in a statement.