Russian Hackers Manipulate Ruble-Dollar Exchange Rate with Malware
Feb 09, 2016
Russian Group of Hackers reportedly cracked into the Kazan-based Energobank and messed up with the Ruble-Dollar exchange rates. In Feb 2015, a hacking group, known by the name METEL , successfully breached into the Russian Regional Bank for just 14 minutes and caused the exchange rate to fluctuate between 55 and 66 rubles per dollar, which finally resulted in the increment of Ruble’s value. Here's how they did it: According to Russian security firm, Group-IB, who investigated the incident, the Metel Hacking group infected Kazan-based Energobank with a virus known as the Corkow Trojan and placed more than $500 million in orders at non-market rates. “ This is the first documented attack using this virus, and it has the potential to do much more damage ,” Dmitry Volkov, the head of Group-IB’s cyber intelligence department, told Bloomberg . The hackers had taken the advantage of Spear Phishing Technique, which appears to come from a legit source. A single click ...
