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Hackers Breach Russian Bank and Steal $1 Million Due to Outdated Router

Moneytaker-group

A notorious hacker group known as MoneyTaker has stolen roughly $1 million from a Russian bank after breaching its network via an outdated router.

The victim of the hack is PIR Bank, which lost at least $920,000 in money it had stored in a corresponding account at the Bank of Russia.

Group-IB, a Russian cyber-security firm that was called in to investigate the incident, says that after studying infected workstations and servers at PIR Bank, they collected "irrefutable digital evidence implicating MoneyTaker in the theft."

Group-IB are experts in MoneyTaker tactics because they unmasked the group's existence and operations last December when they published a report on their past attacks.

Experts tied the group to thefts at US, UK, and Russian banks and financial institutions going back as far as 2016. According to Group-IB, the MoneyTaker attacks that hit banks were focused on infiltrating inter-banking money transfer and card processing systems such as the First Data STAR...(continued)

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