Elena Mikhaylova

Elena Mikhaylova, 39, has received her education from three top institutions around the globe: St-Petersburg State University, MSSES/Manchester University (UK) and the Franklin W. Olin Graduate School of Business at Babson College (USA). She has managed diverse businesses for over 15 years while living in Russia, Costa-Rica, and the United States. Currently, she owns a social media marketing company based in Denver, Colorado, teaches at a continuing education university, and writes about Internet business and financial deals on a daily basis for several US media.

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Russian-speaking hackers lead global cybercrime

Group-IB, a leading Russian cybercrime investigation company, has just published its 2011 report on the “State and trends of the ‘Russian’ digital crime market.” Russian-speaking hackers – both from Russia and abroad – generated more than one third of the global cybercrime value: they earned an estimated $4.5 billion out of a global “cybercrime market” …

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Russian mobile app creates international controversy over sexism and privacy

An international scandal has grown this week around Girls Around Me, an iPhone application created by a subsidiary of i-Free, a major St. Petersburg, Russia based mobile app publisher. Starting with a post on ‘Cult Of Mac,’ a blog following products from Apple, the controversy has been fueled by a flurry of comments from mainstream media …

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Contactless payments take their first steps in Russia

On Wednesday, Vimpelcom, a major Russian mobile operator, announced it will deploy the NFC-based contactless payment system it implemented in St. Petersburg last year within the Moscow subway. Widespread commercial launch in Moscow is scheduled for the end of the year. While most offline and online purchases made in Russia are still paid in cash, …

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Report: Russia still a threat to global cyber-security, but less exposed to attacks

Russia is perceived as a threat to global cyber-security, says a report on worldwide technology safety released earlier this week by the Brussels-based Security & Defence Agenda (SDA). According to experts surveyed for “Cyber-security: The vexed question of global rules,” Russia remains “a thug state with great hackers.” The report cites Vitaly Kamluk of the …

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How a Russian cyber gang created Facebook’s most famous worm

Koobface (the name is an anagram of Facebook), the most famous worm in Facebook’s history, has attracted public attention once again after the social network’s security service announced earlier this month that they were going to reveal the names and photos of criminals behind the malware.

Microsoft accuses Russian engineer of creating Kelihos botnet

Earlier this week, Microsoft’s Digital Crimes Unit, made the findings of its Kelihos botnet investigation public, accusing Andrey Sabelnikov, a Russian engineer from St Petersburg, of having created the bot code and conducted the operation. In the original complaint filed with the U.S. District Court for the Eastern District of Virginia in September, Microsoft alleged …

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Vrublevsky freed after 6 months in jail

Pavel Vrublevsky was released last week after spending 6 months in Lefortovo prison in Moscow, following his arrest in June of 2011 for organizing a distributed denial-of-service (DDoS) attack on the website of Assist, a competitor of his company, Chronopay. A leading Russian online payment processing company, Chronopay processes almost half of all Visa and …

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MTS and NEC open business app store in Belarus

MTS, a leading Russian mobile operator and retailer, and NEC Neva Communications Systems, a subsidiary of Japanese NEC Corporation, launched a cloud business applications store in Belarus earlier this month through the local subsidiary of MTS. The SaaS business applications are available to MTS subscribers via the MTS Belorussian portal without installing any additional software. …

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Mail.Ru Group to challenge Skype in Russia

Russian Internet giant Mail.ru Group, which went public last year in London, could launch a VoIP service as soon as early 2012, the group’s CTO Vladimir Gabrielyan told news agency Interfax, Gazeta.ru reported last week. The product, created in a special lab set up in August to develop the technology, is already complete. “We’re working on …

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Vapor display startup from Astrakhan wins nationwide innovation prize

Displair, a startup from Astrakhan, Southern Russia, developing non-screen visual display technology, walked away with the Best Technovation and Best Marketing awards at the Technovations Cup. This national innovation competition was held on November 11 at the prestigious Moscow Institute of Physics and Technology. The DisplAir application is an interactive non-screen display which ‘floats’ in mid-air. The ‘air …

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Operation ‘Ghost Click:’ How international police operation dismantled major Russian and Estonian cybercrime system

The Estonian police arrested six men (Vladimir Tsastsin, Timur Gerasimenko, Dmitri Yegorov, Valeri Alekseyev, Konstantin Poltev, and Anton Ivanov) last week for organized cybercrime activities on an international scale. The six men are accused of operating various companies that masqueraded as legitimate publisher networks in the Internet advertising industry from 2007 to October of 2011.

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