Russian-language hackers have managed to break into Russian regional bank Energobank, infect its systems, and gain unsanctioned access to its trading system terminals, which allowed them to manipulate the Dollar/Ruble exchange rate.
The criminals made purchases and sales of US dollars in the Dollar/Ruble exchange program on behalf of a bank using malware. The attack itself lasted only 14 minutes, however, it managed to cause a high volatility in the exchange rate of between 55/62 (Buy/Sell) rubles per 1 dollar instead of the 60-62 stable range
To conduct the attack criminals used the Corkow malware, also known as Metel, containing specific modules designed to conduct thefts from trading systems. Corkow provided remote access to the ITS-Broker system terminal by ‘Platforma soft’ Ltd., which enabled the fraud to be committed.
As a result of the attack, the compromised bank which terminal was used for intrusion, suffered a huge financial and reputational damage, since many players on the market didn’t trust the hacking theory of the incident and tended to believe that a simple mistake had occurred.
Experts say that many companies that were trading at the time of the attack and successfully made profit while the attackers are believed to have received no money from the operation. This evidence leads us to believe that these hacker actions could be a test of the ability to influence the market and capitalize
on future attacks.
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