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World cybercrime shifts to state-backed hackers: Russian group

AFP  |  Moscow 

The latest innovations in have shifted from financially motivated actors to state-backed hackers focussed on sabotage and intelligence gathering, a Russian cybersecurity firm said Tuesday.

"The focus of innovations and research on the creation of complex malware, as well as organisation of multi-layered targeted attacks, has now shifted... to state-sponsored threat actors," said Group-IB, a firm that works with and several other global institutions.

In its 2018 trends report, the group said the top three countries in which state-backed entities operate were China, and It named Russia, US, among other countries involved, and listed 40 active groups.

The groups concentrated o "sabotage and espionage", particularly in the sectors of power, nuclear, water, aviation, and commerce, it added.

Most attacks carried out in the second half of 2017 and first half of 2018 targeted the region, it said.

"Banks are considered critical infrastructure, they are the targets for state-sponsored hacker groups," chief said at a conference in

"One successful attack is capable of destroying one financial organisation and even the collapse of a state financial system," he said.

The report comes just days after several Western governments accused Moscow's military intelligence of a hacking conspiracy that targeted the world's and several other Western institutions.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 09 2018. 23:10 IST