February 09, 2016
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A Russian-language banking Trojan has been found manipulating the ruble-dollar exchange rate
Corcow deflated the ruble by 15 percent in a short space of time
A Trojan has been found manipulating the ruble-dollar exchange rate. Hackers apparently used malware on Russian bank, Energobank, in 2015 to to place nearly £350 million worth of orders at non-market prices and manipulate the ruble-dollar rate by 15 percent in mere minutes.
That swing meant that the exchange rate went from 55 to 66 rubles per dollar in international currency markets and meant losses of over £2 million for Energobank. New…
Read the full article at: http://www.scmagazine.com/corcow-trojan-manipulates-currency-rates/article/472222/