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Ukraine's military intelligence hacks Russian finance industry, source says

by Kateryna Hodunova October 2, 2024 10:13 PM 2 min read
A laptop screen shows the webpage of the IT Army of Ukraine, a group of volunteer hackers in Kyiv, on Feb. 26, 2024. (Genya Savilov/AFP/Getty Images)
This audio is created with AI assistance

Cyber specialists of Ukraine's military intelligence (HUR) carried out a cyberattack on online platforms of the Russian financial industry on Oct. 2, a military intelligence source told the Kyiv Independent.

Russian banks Alfa-Bank and Otkritie Bank, as well as Rostelecom, Russia's largest provider of digital services, were targeted, the source said, adding that these firms "ensured the aggression of the Russian Armed Forces against Ukraine."

The attack caused a "global failure" in the rapid payment system, shutting down banks' mobile applications and online banking systems as well as the financial institutions' internal services, according to the source.

Ukrainian hackers have been attacking Russian online platforms on a regular basis since Russia's full-scale invasion of Ukraine began in 2022.

A previous cyberattack on Russian banks was carried out on Sept. 14, targeting Bank Rossiya, Tinkoff Bank, Gaz Bank, and the Quick Payment System (SBP) from Russia's Central Bank.

Between Sept. 23 and 26, cyber specialists of Ukraine's military intelligence attacked over 800 servers in various regions of Russia.

In late August, Ukrainian hackers attacked the servers of Russian internet providers and blocked "dozens" of online platforms at industrial facilities in Russia. The attack affected at least 33 servers and 283 office computers at industrial facilities, took down 21 websites, and destroyed 15 cloud and file storage systems.

A large-scale cyberattack in late June left at least 250,000 consumers in occupied Crimea and other Russian-controlled territories without communication.

The June attack reportedly affected both the networks of consumers and operators that used the impacted infrastructure in Russian-occupied territories. Representatives of Russian providers called it "the most powerful DDoS attack they have ever experienced," Ukraine's military intelligence said.

Is Telegram, Ukraine’s most popular messenger app, a Russian Trojan horse?
When Pavel Durov, a Russian tech entrepreneur who founded the Telegram messenger app, was arrested in Paris on Aug. 24 on accusations of allowing terrorism to blossom on his platform, Ukraine watched it closely. He was charged by a Paris court on Aug. 28. In Ukraine, the charges against Durov
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11:54 PM

Biden seeks to cancel over $4.5 billion of Ukraine's debt.

"We have taken the step that was outlined in the law to cancel those loans, provide that economic assistance to Ukraine, and now Congress is welcome to take it up if they wish," U.S. State Department spokesperson Matthew Miller said on Nov. 20.
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