The new wave of cyber thieves are making life difficult for US and Russian banks.
A new report indicates that this year alone, an undetected group of Russian-language hackers silently stole nearly 10 million dollars from at least 18 mostly United States and Russian banks by targeting interbank transfer systems.
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.