Technology content trusted in North America and globally since 1999
8,159 Reviews & Articles | 61,606 News Posts

Russian hackers have scraped over $790 million in three years

Experts say that highly-sophisticated Russian hacker businesses have stolen $790 million since 2012
By: Chris Smith | Hacking & Security News | Posted: Nov 30, 2015 7:34 am

Kaspersky Lab has reported that a group of approximately 20 Russian hackers has stolen $790 million recently. Around 70 percent of this money has come from individuals and businesses within USA and Europe since 2012, supplementing this income with the further 30 percent coming from Russian bank accounts.




Describing them as a highly organized and sophisticated syndicate, Intel Security's Mike Sentonas told that "We've been tracking a lot of these groups for years now and they have such strong architecture it's hard to shut it down."


While hackers can be placed around the globe, Deakin University's Professor Mathew Warren claims that a major concentration of these criminals are located within Russia and the surrounding countries of Ukraine and Bulgaria.


These hacking organizations are just like your normal business, with 'employees' starting from the ground up, hoping to eventually reach CEO status.


Related Tags

Got an opinion on this news? Post a comment below!