Russia says foreign spies plan cyber attack on banking system

Russia has announced that it has uncovered a plot by foreign intelligence agencies to create chaos in Russia’s banking system via a coordinated wave of cyber attacks and fake social media reports about banks going bust.

Russia’s domestic intelligence agency, the Federal Security Service (FSB), said that the servers to be used in the alleged cyber attack were located in the Netherlands and registered to a Ukrainian web hosting company called BlazingFast.

The attack targetting major national and provincial banks across Russia was due to begin on 5 December.

Russia has been on high alert for foreign cyber attacks since the USA accused the Kremlin of being involved in hacks on Democratic Party emails during the US presidential election.

US Vice President Joe Biden said at the time that the United States would mount a “proportional” response to Russia.

FULL STORY : www.reuters.com/article/us-russia-cyberattack-banks-idUSKBN13R0NG

DATE : 2 December 2016

SOURCE : Reuters