Post Soviet Bank Heists

Our Trustwave SpiderLabs team has uncovered a new attack campaign targeting several banks and resulting in estimated losses of $100 million.

This incredibly well-orchestrated operation demonstrates the patience and sophistication of organized cybercrime groups. They coordinated efforts between physical teams, who opened bank accounts to be used in the heists, and online criminals, who hijacked and manipulated bank and processor networks.

Although these attacks originated in Russia and Eastern Europe, our experts believe the worst of this "hybrid-style" campaign is yet to come.