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Metel malware pops bank, triggers 15 percent swing in Russian Ruble

posted onFebruary 15, 2016
by l33tdawg

Hackers caused the Russian Ruble to swing 15 per cent in minutes by hacking a bank with a newly-discovered and highly capable malware.

The "Metel" or "Corkow" malware was used to break into the Kazan-based Energobank and place on its behalf some US$500 million (£344 million, A$702 million) in orders, sufficient to swing currency markets and trigger an investigation by the Russian Central Bank.

The attack caused a 14 minute swing between 55 and 66 rubles per dollar that was markedly different from the normal rate, the Russian Central Bank said in a statement (Russian).

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