Friday, October 15, 2021

Russia’s Cybercrime has cost $49 bn in 2020

Must Read

Millions of Sensitive Medical Information that is Vulnerable online

The vulnerable medical information leaking from physicians and healthcare centers around the globe was found by cybersecurity firm CybelAngel...

Transport for NSW confirms data theft in Accellion breach

Transport for New South Wales (TfNSW) has confirmed it will be affected by the cyberattack on the Accellion-run file...

Peatix Warns Users for Attacks After Breach

Occasions and ticketing program Peatix has cautioned users of follow-on cyber-attacks later acknowledging it endured a data breach earlier...

Cyber-attacks have price Russian businesses and taxpayers around 3.6 trillion roubles ($49 billion) this year, the nation’s biggest lender Sberbank explained.

Russia has encouraged its citizens to change into bank cards and restrict cash use to attempt and crackdown on the shadow economy, but the amount of crimes linked to bank cards has since taken up by 500 percent this season, the interior ministry has estimated.

Stanislav Kuznetsov, Sberbank’s deputy chairman, who manages services and security, told Reuters personal company and ordinary Russians were the key goals of cyberattacks since the state security services are far better shielded.

“The private sector has become the most vulnerable: everything in your customers’ accounts to financial information and tender documents is targeted: 2.3 million darknet accounts are working in Russian and supplying the stolen information,” he explained.

Russian-speaking cyber offenders operate from Germany, Ukraine, and Venezuela, in addition to Russia, stated the state-controlled Sberbank, which conducts its cybersecurity device BI.ZONE to supply IT security and cyber defense to the lender and others.

While banks, such as Sberbank are far better shielded compared with other areas of the market, telephone fraud – if the customer is requested by an individual claiming to be a bank to supply card information – is getting more prevalent, Kuznetsov said.

He estimated Russians could lose up to 10 billion roubles from telephone fraud this year. He didn’t supply information for 2019.

The Russian central bank listed over half a million unauthorized surgeries across bank account in the country this past year, which saw 6.4 billion roubles stolen from corporate and private bank accounts. ($1 = 73.7290 roubles)

a2434345d63481a40f0d145881b41013?s=96&d=mm&r=g
Priyanshu Vijayvargiya
Founder and Editor-in-Chief of 'Virtualattacks Inc' Priyanshu Vijayvargiya is a cybersecurity analyst, Information Security professional, developer, and a white hat hacker.

Leave a reply

Please enter your comment!
Please enter your name here

Latest News

Unified endpoint management automation software to boost endpoint security

Endpoints are constantly connected to the internet, so they offer a gateway for cyberattacks. Endpoint security is simply the process...

Attackers Using Morse Code in phishing campaign to Evade Detection

Microsoft on Thursday revealed the techniques used by attackers to avoid detection using morse code in the phishing campaign.Microsoft also revealed the workings of...

Murata Manufacturing suffers data breach of employees and customer

Japanese electronic components manufacturer Murata has released an apology Notice for the data breach of thousands of files in June that contained bank account...

Everything about Signalling System 7(SS7)

Signaling System 7 (SS7) is an international telecommunication protocol standard that controls and regulates the network elements in a public switched telephone network (PSTN)....

Zimbra flaw lets attackers access the mail servers

Researchers discovered a flaw in the open-source Zimbra code. As a result, an attacker would gain unrestricted access to all sent and received emails...

More Articles Like This