Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cyberwarfare

Russia Says Thwarted Fresh Cyber Attacks on Major Banks

Russia’s telecom operator on Friday said that it had blocked a series of cyber attacks on the country’s leading banks this week, the latest to target the country’s financial sector.

Russia’s telecom operator on Friday said that it had blocked a series of cyber attacks on the country’s leading banks this week, the latest to target the country’s financial sector.

Rostelecom said in a statement that it “successfully thwarted DDoS (distributed denial of service) on the five biggest banks and financial organisations in Russia” on December 5.

“The most sustained attack lasted more than two hours,” it said.

Russia’s FSB security service last week said it had uncovered plans by foreign intelligence services to carry out massive cyber attacks targeting the country’s financial system from December 5.

State-controlled Russian bank VTB said Monday that its websites had been hit by a cyber attack but insisted its systems were still working “as normal”.

The FSB did not say which countries’ secret services were involved in the latest plot against Russian banks but alleged the attacks would use servers and “command centres” located in the Netherlands belonging to Ukrainian hosting company, BlazingFast.

Advertisement. Scroll to continue reading.

Russia has been embroiled in a hacking scandal with the US over allegations from Washington that Moscow was behind the theft and leaking of documents online during the run-up to the US presidential election aimed at influencing the outcome.

Vice President Joe Biden warned that the US would respond to the suspected Russian hacking “at the time of our choosing and under the circumstances that have the greatest impact”.

The latest attacks comes after Moscow-based security giant Kaspersky said in November that a massive DDoS cyber attack had hit at least five of Russia’s largest banks.

DDoS attacks involve flooding websites with more traffic than they can handle, making them difficult to access or taking them offline entirely.

Kaspersky said those attacks used devices located in 30 countries including the United States.

Written By

AFP 2023

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing for the latest cybersecurity threats, trends, and expert insights.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join this live webinar as we break down why email-layer defenses alone can't keep pace with the modern phishing ecosystem, how agentic AI is changing the capacity equation for security teams, and more.

Register

This year's summit will help organizations learn how to utilize tools, controls, and design models needed to properly secure cloud environments. Interact with leading solution providers and other end users facing similar challenges in securing a variety of cloud deployments.

Register

People on the Move

BlueVoyant has appointed Ravi Subramanian as CFO and Jamie Coleman as CCO.

Solana Foundation has appointed Michael Coates as Chief Information Security Officer.

Michael Sikorski has joined Coinbase as Chief Information Security Officer.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.