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Exclusive: Top Cybercrime Ring Disrupted As Authorities Raid Moscow Offices - Sources

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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View of building which houses an office of 25 Floor Film Company in MoscowBy Joseph Menn WASHINGTON (Reuters) - 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 experts 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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