In Russia alone, the percentage of stolen funds has risen 292% since this time last year.
Russian cybercriminals have field tested their attack techniques on local banks, and have now begun taking them global, according to a new report -- 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.
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.