You are here: Home » PTI Stories » National » News
Business Standard

World cybercrime shifts to state-backed hackers: Russian group

War Conflict

AFP  |  Moscow 

The latest innovations in cybercrime 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 Interpol and several other global institutions.

In its 2018 cybercrime trends report, the group said the top three countries in which state-backed entities operate were China, North Korea and Iran. It named Russia, US, Ukraine 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 Asia-Pacific region, it said.

"Banks are considered critical infrastructure, they are the targets for state-sponsored hacker groups," Group-IB chief Ilia Sachkov said at a conference in Moscow.

"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 chemical weapons watchdog and several other Western institutions.

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

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

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