A previously unknown ring of Russian-speaking hackers has stolen as much as $10 million from U.S. and Russian banks in the last 18 months, according to a Moscow-based cyber-security firm that runs the largest computer forensics laboratory in eastern Europe. The MoneyTaker group broke into 20 systems, which includes 15 U.S. lenders, targeting ATMs with “mules” …
Hackers linked to Russians target banks from Moscow to Utah Read More
Mobile TeleSystems (MTS, a leading Russian mobile operator) is offering online taxi hailing and medical appointments over video, as Russia’s largest mobile carrier pursues new apps for revenue growth amid stiff wireless price competition. The carrier made an speedy foray into Russia’s taxi business in October after Uber in July agreed to merge its operations into a …
Dmitry Gutov’s Moscow kitchen is home to an automated mining operation. Not for gold and industrial metals like many of his country’s exporters, but for bitcoin-like cryptocurrencies such as Ethereum’s ether. Since installing a DIY system assembled from multiple computer graphics processors in April, Gutov has earned $3,000 of virtual currency and paid off the …
A wave of fake bomb threats across Russia has entered its second week in what a senior lawmaker called a “full-scale cyberwar” against the country that authorities are ill-equipped to fight. About 400,000 people have been evacuated from more than 1,000 shopping malls, airports, and government and other buildings around the country since the surge …
Russia sees “full-scale cyberwar” as bomb-threat wave continues Read More
Two months after President Vladimir Putin met the founder of ethereum — the world’s biggest cryptocurrency after bitcoin — a consortium of the country’s biggest banks has developed a distributed ledger dubbed Masterchain. This ledger uses a modified ethereum protocol while complying with national security standards, according to the country’s central bank-backed FinTech Association. The lenders, including Sberbank PJSC and VTB Group, are hoping that by adopting …
EBay Inc. is exporting a method to boost cross-border sales it pioneered in Russia to 120 territories, as the online marketplace seeks to recapture growth in the face of competition from Amazon and Alibaba. In many places, EBay still means domestic classifieds; Americans mostly sell to Americans, Britons mostly to U.K. customers. But a few …
eBay exports its Russian growth tactics to catch Amazon, Alibaba Read More
Severstal PJSC is putting the finishing touches on an online shop that Russia’s biggest steelmaker by market value promises will make buying its products as easy as downloading an e-book or ordering a pair of shoes. The company, which is controlled by Russia’s richest man, Alexey Mordashov, started testing its new website in November and plans …
Russian biggest steelmaker bets on e-commerce to boost sales Read More
Russia’s biggest bank is paying up to keep the nation’s best tech talent from emigrating to Silicon Valley. To analyze 135 million customers, it needs the power of big data. Sberbank PJSC, which holds 46% of Russian retail deposits, says it’s luring experts in the field with some of the highest salaries at the state-owned …
Tech hires see Russia’s Sberbank catching up on Big Data Read More
Russia, demonized as the biggest cyber-villain in the world in the wake of the U.S. election campaign, must now take special care of its own information security. Its adversaries don’t just possess powerful cyber-spying and offensive capabilities — they suspect Russian involvement in every incident, and that makes Russia vulnerable to all kinds of retaliation. After it …
“For the past five years, Russia’s been building walls around its web and packing it with tech oligarchs, startup cities, face-finding algorithms, hacker hunters, and, of course, a few bears,” writes Ashlee Vance of Bloomberg Business Week in Hello World, a series of reports about inventors, scientists and technologists who shape our future around the …
A Russian airline entrepreneur wants to join the space race, challenging Elon Musk’s Space Exploration Technologies Corp. and Jeff Bezos’ Blue Origin LLC with a plan to launch commercial rockets. S7 Group, the owner of Russia’s S7 Airlines, agreed to buy the floating rocket platform Sea Launch from a group of investors and aims to restore its operations after a …
Russian airline owner to challenge Musk, Bezos in space Read More
Moscow city will replace Microsoft Corp. programs with domestic software on thousands of computers in answer to President Vladimir Putin’s call for Russia’s authorities to reduce dependence on foreign technology amid tensions with the U.S. and Europe. The city will initially replace Microsoft’s Exchange Server and Outlook on 6,000 computers with an e-mail system installed by state-run …
Moscow city drops Microsoft on Putin’s call for self-sufficiency Read More
