Ukraine Hacked Russian Banks, Leading Major Disruption

A large-scale cyberattack orchestrated by Ukrainian intelligence led to disruptions in the Russian banking sector.

According to a source from Ukrainian intelligence, ATM services at several top Russian banks were rendered inoperative, leaving customers unable to withdraw cash. The attack began on July 23 and has been described as unprecedented in its scale and impact.

Widespread Financial Chaos

The cyber offensive, attributed to the Main Intelligence Directorate of the Ministry of Defense of Ukraine (HUR), has caused widespread chaos across various financial services in Russia.

The hackers have successfully frozen bank payment systems and mobile applications, causing outages in personal banking offices.

Join our free webinar to learn about combating slow DDoS attacks, a major threat today.

According to the KYIV Post report, payments for public transport have been barred, and mobile and internet services provided by Beeline, MegaFon, Tele2, and Rostelecom have been significantly interrupted. Popular online messengers and the largest Russian social networks have also been targeted.

The list of affected banks includes major financial institutions such as VTB Bank, Alfa-Bank, Sberbank, Raiffeisen Bank, RSHB Bank, Rosbank, Gazprombank, Tinkoff Bank, and iBank. Dom.RF was the latest addition to this growing list of compromised banks.

The cyberattack is seen as a strategic move against the Russian banking sector, which is heavily involved in financing the Russian Federation’s armed aggression.

The source from Ukrainian intelligence highlighted the significance of the attack, suggesting it could force Russia to revert to outdated methods of financial management, humorously referring to “wooden abacuses, paper savings books, and cave paintings for accounting.”As the attack gains momentum, the full extent of the disruption remains to be seen.

The Ukrainian cyber offensive marks a significant escalation in the ongoing conflict, demonstrating the increasing role of cyber warfare in modern geopolitical struggles. The situation is being closely monitored, and further developments are expected in the coming days.

Protect Your Business Emails From Spoofing, Phishing & BEC with AI-Powered Security | Free Demo

Divya

Divya is a Senior Journalist at GBhackers covering Cyber Attacks, Threats, Breaches, Vulnerabilities and other happenings in the cyber world.

Recent Posts

Lumma Stealer Attacking Users To Steal Login Credentials From Browsers

Researchers observed Lumma Stealer activity across multiple online samples, including PowerShell scripts and a disguised…

1 day ago

New ‘OtterCookie’ Malware Attacking Software Developers Via Fake Job Offers

Palo Alto Networks reported the Contagious Interview campaign in November 2023, a financially motivated attack…

1 day ago

NjRat 2.3D Pro Edition Shared on GitHub: A Growing Cybersecurity Concern

The recent discovery of the NjRat 2.3D Professional Edition on GitHub has raised alarms in…

1 day ago

Palo Alto Networks Vulnerability Puts Firewalls at Risk of DoS Attacks

A critical vulnerability, CVE-2024-3393, has been identified in the DNS Security feature of Palo Alto…

1 day ago

Araneida Scanner – Hackers Using Cracked Version Of Acunetix Vulnerability Scanner

Threat Analysts have reported alarming findings about the "Araneida Scanner," a malicious tool allegedly based…

2 days ago

A Dark Web Operation Acquiring KYC Details TO Bypass Identity Verification Systems

A major dark web operation dedicated to circumventing KYC (Know Your Customer) procedures, which involves…

2 days ago