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How Cryptocurrency Turns to Cash in Russian Banks

Krebs on Security

They also allow the exchange of cryptocurrency for cash in accounts at some of Russia’s largest banks — nearly all of which are currently sanctioned by the United States and other western nations. Selectel, Netwarm UK, Beget, Timeweb and DDoS-Guard). ” Cryptomus did not respond to multiple requests for comment. .

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Russia’s second-largest bank VTB Bank under DDoS attack

Security Affairs

Russia’s second-largest bank VTB Bank reveals it is facing the largest DDoS (distributed denial of service) attack in its history. State-owned VTB Bank, the second-largest financial institution in Russia, says it is facing the largest DDoS (distributed denial of service) attack in its history.

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A powerful DDoS attack hit Hungarian banks and telecoms services

Security Affairs

Hungarian financial institutions and telecommunications infrastructure were hit by a powerful DDoS attack originating from servers in Russia, China and Vietnam. A powerful DDoS attack hit some Hungarian banking and telecommunication services that briefly disrupted them. ” reported the Reuters agency.

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New Zealand central bank hit by a cyber attack

Security Affairs

A cyber attack hit the New Zealand central bank, sensitive information has been potentially accessed by the intruders. The New Zealand central bank announced today that a cyber attack hit its infrastructure. SecurityAffairs – hacking, New Zealand central bank). ” reported the NBCNews.

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The largest Russian bank Sberbank hit by a massive DDoS attack

Security Affairs

The largest and oldest bank in Russia Sberbank faced the record-breaking DDoS attack that reached 1 million RPS. Sberbank , the Russian banking and financial services giant, announced that it was recently hit by a record-breaking distributed denial of service (DDoS) attack that reached 1 million RPS.

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Cyber Attack on European Investment Bank and Redditt

CyberSecurity Insiders

According to recent reports, it appears that the European Investment Bank (EIB) has fallen victim to a cyber attack orchestrated by the Russian hacking group known as Killnet. One of the company’s employees fell victim to this attack, highlighting the need for heightened cybersecurity measures and employee awareness.

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Why Banks Are Still A Top Target For DDoS Attacks

Security Boulevard

According to Boston Consulting Group research, financial service firms are up to 300 times more likely to experience a cyber attack per year compared to […]. The post Why Banks Are Still A Top Target For DDoS Attacks appeared first on Blog.

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