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Citibank Denies Reported Breach Linked To Russian Gang

Posted by kdawson on from the no-russians-in-here-no-siree dept.

alphadogg writes "US authorities are investigating the theft of an estimated tens of millions of dollars from Citibank by criminals using Russian software tailored for the attack, according to the Wall Street Journal (subscription required to access that link — CNET's coverage here). The security breach at the major US bank was detected mid-year based on traffic from Internet addresses formerly used by the Russian Business Network gang, the WSJ reported today, citing unnamed government sources. The Russian Business Network is a well-known group linked to malicious software, hacking, child pornography, and spam. The FBI is probing the case, the report said. It was not known whether the money had been recovered and a Citibank representative said the company denied any system breach or losses, according to the report."

7 of 53 comments (clear)

  1. Paywalls suck by TSHTF · · Score: 5, Informative

    Article is behind a paywall. Search for it with Google News, and the WSJ will let you read it all.

    1. Re:Paywalls suck by DarkTempes · · Score: 2, Informative

      Looks like it checks for a Referer: with http:// and google anywhere in the domain name as long as it's before another forward slash. Referer: http://notgoogle.com and http://not.comgoogle works but http://not.com/google doesn't.

      Anyway, for those of us who disable referers from headers the google news method won't work either ;)

  2. Use the chinese software instead by MichaelSmith · · Score: 2, Informative

    The Kuang Grade Mark Eleven Penetration Program is the way to go. But you need a live person at the controls. Not a flatline, because Neuromancer knows his every move in advance.

    --
    http://michaelsmith.id.au
    1. Re:Use the chinese software instead by Gilmoure · · Score: 2, Informative

      Yeah, but not if you're running it on a Ono-Sendai 6 with just tactile feed back. You need full emersion to do it right.

      --
      I drank what? -- Socrates
  3. Great points, plover! by sgt_doom · · Score: 4, Informative

    And speaking of PURE SPECULATION, which is what Citi does through it's energy/oil speculating subsidiary, Phibro, everyone knows Citi pissed away all their money by their purchase of all those credit default swaps and other categories of credit derivatives; thereby giving those enormous fortunes to the Robert Rubin family (and the others who are now members of the George W. Obama Administration.....)

  4. Wall Street Journal - lousy reporting at its best by securaty · · Score: 3, Informative

    I read WSJ article and I had to chuckle. What a poor excuse for a story. It doesn't sound like anyone targeted Citibank. They are one of dozens of other banks who were victimized by a gang of Ukrainian (NOT Russian) criminals. As far as I know, hundreds of small and medium business have been vandalized by the same gang on individuals targeting individual systems with malware. Brian Krebs from Washington Post covered this months ago. WSJ story is a bad knock off without facts and originality.

  5. Re:Wall Street Journal - lousy reporting at its be by Jeremy+Erwin · · Score: 2, Informative

    Brian Krebs from Washington Post covered this months ago
    On slashdot, it's considered polite to use the anchor tag.