---
title: Russian Bank CyberHeists are Spreading Worldwide
description: In Russia alone, the percentage of stolen funds has risen 292% since this time last year.
---

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# [Russian Bank CyberHeists are Spreading Worldwide](https://www.secureworld.io/industry-news/russian-bank-cyberheists-are-spreading-worldwide)

 Written by [SecureWorld News Team](https://www.secureworld.io/industry-news/author/secureworld-news-team) | Thu | Oct 27, 2016 | 7:00 AM Z

In Russia alone, the percentage of stolen funds has risen 292% since this time last year. 

[CSO Explains:](http://www.csoonline.com/article/3135364/security/russian-criminals-bank-attacks-go-global.html)

> Russian cybercriminals have field tested their attack techniques on local banks, and have now begun taking them global, [according to a new report](http://www.group-ib.com/2016-report.html) -- and a new breed of mobile attack apps is coming up next.
> 
> Criminals stole nearly $44 million directly from Russian banks in the last half of 2015 and the first half of 2016, according to Dmitiry Volkov, co-founder and head of threat intelligence at Moscow-based [Group-IB](http://www.group-ib.com/).
> 
> That was up 292 percent from the same period a year earlier. Direct, targeted attacks against banks now account for 45 percent of all bank-related cybercrime in Russia.
> 
> Meanwhile, thefts from individual online banking accounts went down 83 percent, to $0.1 million, and thefts from business bank accounts fell 50 percent to $17 million.

[View full post](https://www.secureworld.io/industry-news/russian-bank-cyberheists-are-spreading-worldwide)

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