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December 2, 2016 06:00 pm

Russia Says Foreign Spies Plan Cyber Attack On Banking System

Russia said on Friday it had uncovered a plot by foreign spy agencies to sow chaos in Russia's banking system via a coordinated wave of cyber attacks and fake social media reports about banks going bust. From a report on Reuters: Russia's domestic intelligence agency, the Federal Security Service (FSB), said that the servers to be used in the alleged cyber attack were located in the Netherlands and registered to a Ukrainian web hosting company called BlazingFast. The attack, which was to target major national and provincial banks in several Russian cities, was meant to start on Dec. 5, the FSB said in a statement. "It was planned that the cyber attack would be accompanied by a mass send-out of SMS messages and publications in social media of a provocative nature regarding a crisis in the Russian banking system, bankruptcies and license withdrawals," it said. "The FSB is carrying out the necessary measures to neutralize threats to Russia's economic and information security."

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