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Hackers stole $31 million from Russian banks in 2016, as FSB warns of foreign plot

Russia’s Central Bank has denied the media reports that it lost $31 million to hackers. This is the latest example of an escalation of cyber attacks on financial institutions around the globe. The Financial Times reports that Russian security services have uncovered a plot to abuse text messaging services and social networks in an attempt to trick Russians into believing that major financial institutions are on the brink of bankruptcy. Around $26 million of the stolen funds have been recovered by freezing bank accounts that the hackers were using to squirrel away the funds.”]

Source: https://grahamcluley.com/hackers-stole-31-million-russian-banks-2016-fsb-warns-foreign-plot/

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