Newly Uncovered ‘MoneyTaker’ Hacker Group Stole Millions from U.S. & Russian Banks

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Security researchers have uncovered a previously undetected group of Russian-speaking hackers that has silently been targeting Banks, financial institutions, and legal firms, primarily in the United States, UK, and Russia.

Moscow-based security firm Group-IB published a 36-page report on Monday, providing details about the newly-disclosed hacking group, dubbed MoneyTaker, which has been operating since at least May 2016.

In the past 18 months, the hacking group is believed to have conducted more than 20 attacks against various financial organisations—stolen more than $11 Million and sensitive documents that could be used for next attacks.

According to the security firm, the group has primarily been targeting card processing systems, including the AWS CBR (Russian Interbank System) and SWIFT international bank messaging service (United States).

« Criminals stole documentation for OceanSystems’ FedLink card processing system, which is used by 200 banks in Latin America and the US. » Group-IB says in its report.

Group-IB also warned that the MoneyTaker attacks against financial organizations appear to be ongoing and banks in Latin America could be their next target.

MoneyTaker: 1.5 Years of Silent Operations

Since its first successful attack in May last year, MoneyTaker has targeted banks in California, Illinois, Utah, Oklahoma, Colorado, South Carolina, Missouri, North Carolina, Virginia and Florida, primarily targeting small community banks with limited cyber defenses.

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