Sophisticated ‘MoneyTaker’ group stole millions from Russian & US banks


A cybersecurity firm announces it has distinguished an earlier MoneyTaker anonymous MoneyTaker group of Russian-speaking hackers who should be supposedly borrowed at least $10 million from U.S. and Russian banks over the past year and a half.

The group named “Money Takers” behind a software tool others use, supposedly targeted banks across the United States, breaking within at least 15 lenders in Utah, New York, and California, also borrowed at least $3 million from Russian banks, according to a statement from that Moscow-based cyber security firm IB-Group.The group MoneyTaker also stole elements indicating it may be developing to mount fresh attacks on institutions in Latin America, the statement assumed and could be working to breach the Swift international banking messaging policy that provides a huge number of the world’s financial transactions.moneytaker-hacking-group-steals-millions-from-us-uk-russian-banks

Starting in May 2016, the group  MoneyTaker mostly targeted card payment systems belonging to small population groups in the U.S., are then beating a transfer system used between Russian banks, IB-Group said. The hackers adjusted on small U.S. banks with several sources to put into cyberdefenses, according to the report, getting in stealing an average of $500,000 from each.

Having crashed into the banks’ card payments systems, the hackers would open accounts and remove departure destinations on legitimate cards, according to details in the report. So-called ‘mules’– criminals with the sheets — would then go to an ATM and take out money, IB-Group said.

A report, First Data said that a quantity of small economic organizations working on the STAR network should their credentials breached for offering debit cards earlier in 2016, protecting First Data to complete new necessary security controls. It announced the STAR system was never more itself breached.

The Money Takers similarly attacked the servers of Russia’s AWS CBR interbank transfer policy — a Russian system similar to Swift linked to Russia’s Central Bank — according to IB-group. The criminals succeeded in breaking into an unnamed Russian bank by first gaining access to the home computer of the bank’s system administrator, according to the cybersecurity researchers, IB-Group says. They then took control of the bank’s AWS CBR system to make payments to themselves. IB Group named the hackers after the tool used in this attack, MoneyTaker V.5.

The system enabled the hackers to steal about $1.3 million through attacks in Russia. This fall, the ring examined again to discredit the same bank transfer system but were thwarted from stealing any money.Russia’s government hacking programs, as well as the assumed collaboration within the country’s intelligence services and its cybercriminals, have dragged serious attention since allegations that Moscow used cyberattacks to try to influence the 2016 U.S.

Also Read :-largest-data-leaked-password-list


presidential election.Russian hackers supposedly used popular antivirus software to keep NSA codes.Russia has also suffered an increasing amount of serious cyber attacks, most newly with the Bad Rabbit ransomware virus that hit Russia and Ukraine last month, at one point crippling Russia’s extensive objective newswire, Interfax, that also communicates financial news.

IB-Group, which announces it becomes one of the longest forensics computer labs in East Europe, said that the Money Takers also displayed a broader trend of cybercriminals increasingly targeting banks instead of their clients, as improved security makes fraud against individual customers less profitable.

“What we recognize in modern years is for targeted attack groups to actually target the bank itself, rather than the customer of the bank,” Nick Palmer, the producer of international sales at IB-Group told ABC News in an email. “As tools to defend against common malware and other types of fraud which target banking customers get better, the return on investment becomes lower.”

Palmer’s co-worker Tim Bobak from IB-Group’s threat ability outreach unit responded, “It’s easier to take 5 million once than 1,000 [dollars] 5,000 times.”The Money Takers did unusually complex malware to screen their attacks, according to IB-Group. The group of employed so-called fileless malware that exists only on a computer’s temporary memory that is deleted when it reboots, making it hard to detect. The hackers also further hid their break-ins with malware that generated encryption certificates from well-known brand names, such as Bank of America and Yahoo.Criminals are watching more often for a larger payoff from one-off hits.moneytaker-hacking-group-

IB-Group announced

it had not found any indication that the Money Takers had succeeded in breaking into SWIFT, but warned that it expected the group would likely try to compromise it at some point.

While carrying out their attacks, the ring sought out internal documents within the banks’ systems, including those relating to the SWIFT system, the IB-Group report said. In particular, the hackers stole documents on a product used in money transfers, called FedLink, that has 200 customers in Latin America, IB-Group noted.”We arrogate that banks in Latin America may become specific next victim of this group,” the report read.

In an October 2017 declaration, Reuters proclaimed, SWIFT said hackers were still trying to breach its system but that heightened security measures were taken last year had impeded the attempts.The scope of the Money Taker’s activity is still unknown, the report maintained, and the cybersecurity firm thinks there are more attacks it has not unscrewed

Leave a Reply

Your email address will not be published. Required fields are marked *