This Bank Denies Losing $31 Million In A Hacking Attack

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The Bank of Russia (Russia’s central bank) denied media reports it had lost over $31 million in a hacking attack, saying the money was stolen from Russian commercial banks throughout this year.

According to a press officer with the regulator told RIA Novosti “Information about the theft of 2 billion rubles by hackers from the Bank of Russia’s correspondent accounts is not true. This is the estimate of losses that commercial banks and their clients lost over 2016, as estimated in the Financial Stability Review, released overnight.”

The bank’s security executive, Artyom Sychev, told to journalists on Friday that hackers had stolen millions worth of funds from accounts of banks kept by the Bank of Russia. He said this estimate was a year’s total and a relatively small sum for the entire country.

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