Russian central bank loses $31 million in cyber attackDecember 3, 2016 - 15:50 AMT PanARMENIAN.Net - Hackers stole more than 2 billion rubles ($31 million) from correspondent accounts at the Russian central bank, the bank said on Friday, December 2 the latest example of an escalation of cyber attacks on financial institutions around the globe, Reuters reports. Central bank official Artyom Sychyov discussed the losses at a briefing, saying that the hackers had attempted to steal about 5 billion rubles. Sychyov was commenting on a central bank report released earlier in the day, that told about hackers breaking into accounts there by faking a client's credentials. The bank provided few other details in its lengthy report. Financial regulators around the world have recently urged banks to beef up cyber security in the wake of a string of high-profile heists on banks around the world. Fears about attacks on banks have mounted since February when unknown cyber criminals stole $81 million in funds that Bangladesh's central bank had on deposit at the New York Fed. Law enforcement agencies around the globe are hunting for the criminals who stole the money using fraudulent wire-transfer requests sent over the SWIFT bank messaging network. Separately, Russia said on Friday that it had uncovered a plot by foreign spy agencies to sow chaos in the country's banking system via a coordinated wave of cyber attacks and fake social media reports about banks going bust. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. |