page contents
Connect with us

News

Hackers hit US, Russian banks in ATM robbery scam

Published

on

Previously undetected group of Russian-language hackers silently stole nearly 10 million dollars from at least 18 mostly United States and Russian banks in recent years by targeting interbank transfer systems, a Moscow-based security firm said.

Group-IB warned that the attacks, which began 18 months ago and allowed money to be stolen from banks’ Automated Teller Machines (ATMs), appeared to be ongoing and that banks in Latin America could be targeted next.

The first attack occurred in the spring of 2016 against banks in First Data’s (FDC.N) “STAR” network, the largest U.S. bank messaging system connecting ATMs at more than 5,000 organisations, Group-IB researchers said in a 36-page report.

First Data said in a statement that a number of small financial institutions operating on STAR network had had their credentials breached for administering debit cards earlier in 2016, leading it to implement new mandatory security controls.

The firm said the STAR network was never itself breached.

It said it was investigating some incidents where hackers studied how to make money transfers through the SWIFT banking system, while stopping short of saying whether any such attacks had been carried out successfully.

SWIFT said in October that hackers were still targeting its interbank messaging system, but security controls instituted after last year’s 81 million dollars heist at Bangladesh’s Central Bank had thwarted many of those attempts.

Group-IB has dubbed the hacker group “MoneyTaker” after the name of the software it used to hijack payment orders to then cash out funds through a network of low-level “money mules.”

The Moscow-based security firm said the hacker group hired “money mules” to pick up money from automated teller machines.

The security researchers said they had identified 18 banks which were hit, including 15 across 10 states in the United States, two in Russia and one in Britain.

“Besides banks, financial software firms and one law firm were targeted.

“The average amount of money stolen in each of the 14 U.S. ATM heists was 500,000 dollars per incident. Losses in Russia averaged 1.2 million dollars per incident.

“However, one bank there managed to catch the attack and return some of the stolen funds,” Group-IB said.

It said hackers also stole documentation for Ocean Systems’ Fed Link transfer system used by 200 banks in Latin America and the United States.

It said in addition, they successfully attacked the Russian interbank messaging system known as AW CRB.

Once hackers penetrated targeted banks and financial organisations, they stole internal bank documentation in order to mount future ATM attacks, Group-IB said.

In Russia, the hackers continued to spy on bank networks after break-ins, while at least one U.S. bank had documents robbed twice, it said.

Group-IB said it had notified Interpol and Europol in order to assist in law enforcement investigations.

The unidentified hackers used a mix of constantly changing tools and tactics to bypass anti-virus and other traditional security software while being careful to eliminate traces of their operations, helping them to go largely unnoticed.

To disguise their moves, hackers used security certificates from brands such as Bank of America, the Fed, Microsoft and Yahoo, it said.

Continue Reading
Advertisement

24 Hours Across Africa

Russian: President Putin eases access to citizenship for east Ukraine residents.

Published

on

Source: Reuters

Russian President Vladimir Putin has signed an order simplifying the procedure for obtaining a Russian passport for residents of the rebel-controlled Donetsk and Luhansk regions of eastern Ukraine, the Kremlin said on Wednesday.

Separatist rebellions broke out against Ukrainian rule in both regions in 2014. Moscow provided military help for the separatists, according to evidence gathered by Reuters, though Russian officials have denied providing material support.

Large swathes of the two regions are now under the de facto control of the Moscow-backed rebels, while Kiev says it is determined to re-assert its control, a position backed by most Western countries.

There was no immediate reaction from Kiev to Putin’s order. Ukrainian officials are likely to react angrily to any indication Moscow is drawing the rebel regions closer into its own orbit.

Continue Reading

News

Machester Derby – Epl’s Most important Match of the Season

Published

on

The Manchester derby today is arguably the most important match of the season as it will determine the comfort of Liverpool on the league table or the come back of Manchester City on top, while it also may determine the place of United in the European leagues next season.

Meanwhile, Manchester City have won five of their last seven Premier League fixtures at Old Trafford (D1, L1), having triumphed in only one of the first 14 visits. A seventh away win for City would be a new Premier League record for overall wins at Old Trafford by a visiting club

Manchester United have Luke Shaw available after suspension but Phil Jones limped off during the defeat at Everton and is not expected to be fit.

Ander Herrera, who has been out for four weeks with a thigh injury, was not part of the squad which arrived at the team hotel on Tuesday.

Manchester City midfielder Kevin De Bruyne will miss out after sustaining a hamstring problem last weekend.

Claudio Bravo is City’s only other injury absentee

Continue Reading

Facebook

Advertisement
Flag Counter
Advertisement

Trending

Copyright © 2018 Anttention Media. All rights reserved