SUBSCRIBERS

Top cybercrime ring disrupted as authorities raid Moscow offices: sources

The November raid seen as a landmark event by Western cyber-crime watchers

Published Sun, Feb 7, 2016 · 09:50 PM
Share this article.

Washington

RUSSIAN authorities in November raided offices associated with a Moscow film distribution and production company as part of a crackdown on one of the world's most notorious financial hacking operations, according to three sources with knowledge of the matter.

Cybersecurity analysts said a password-stealing software program known as Dyre - believed to be responsible for at least tens of millions of dollars in losses at financial institutions including Bank of America Corp and JPMorgan Chase & Co - has not been deployed since the time of the raid. Experts familiar with the situation said the case represents Russia's biggest effort to date to crack down on cyber-crime.

A spokesman for the Russian Interior Ministry's cybercrime unit said his department was not involved in the case. The FSB, Russia's main intelligence service, said it had no i…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here