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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
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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.

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