Report: Russian gang linked to big Citibank hack

Hackers reportedly stole tens of millions of dollars from Citibank

U.S. authorities are investigating the theft of an estimated tens of millions of dollars from Citibank by hackers partly using Russian software tailored for the attack, according to a news report.

The security breach at the major U.S. bank was detected mid-year based on traffic from Internet addresses formerly used by the Russian Business Network gang, The Wall Street Journal said Tuesday, citing unnamed government sources. The Russian Business Network is a well-known group linked to malicious software, hacking, child pornography and spam. The Federal Bureau of Investigation is probing the case, the report said.

It was not known whether the money had been recovered and a Citibank representative said the company had not had any system breach or losses, according to the report.

The report left unclear who the money was stolen from but said a program called Black Energy, designed by a Russian hacker, was one tool used in the attack. The tool can be used to command a botnet, or a large group of computers infected by malware and controlled by an attacker, in assaults meant to take down target Web sites. This year a modified version of the software appeared online that could steal banking information, and in the Citi attack a version tailored to target the bank was used, the Journal said.

The attackers also targeted a U.S. government agency and one other unnamed entity, the report said, adding that it was unknown if the attackers accessed Citibank systems directly or through other parties.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags hackingcybersecurity

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Owen Fletcher

IDG News Service
Show Comments

Father’s Day Gift Guide

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?