Cyber Incident Victim: PIR Bank of Russia
Date:
Jul 2018
Location:
Russia
Summary
Hackers compromised an outdated router at a regional branch of PIR Bank of Russia, enabling theft of approximately $1 million via the Central Bank’s interbank transfer system. The stolen funds were transferred to 17 accounts at major domestic banks and swiftly withdrawn, while attackers maintained network access for potential future intrusions. Forensic investigators attributed the attack to the MoneyTaker group, which had infiltrated the bank’s systems five weeks prior and was linked to over 20 previous financial cyberattacks across multiple countries.
| CIA Posture | Motives | Tactics, Techniques & Procedures |
|---|---|---|
| Available to members | 1 motive | 2 techniques |
| Threat Actor | Type | Location |
|---|---|---|
| 1 actor | Available to members | Available to members |
Description
On July 3, 2018, cybercriminals associated with the MoneyTaker group stole approximately $1 million from PIR Bank of Russia by exploiting an outdated router at one of its regional branches. The attackers initially compromised the bank’s network five weeks prior to the theft, establishing persistent access. They leveraged this foothold to target the Automated Workstation Client (AWC), an interbank fund transfer system operated by Russia’s Central Bank, facilitating the fraudulent transfer of funds. The stolen amount—reported by Kommersant as $910,000—was distributed across 17 accounts at major Russian banks and swiftly withdrawn. The router’s outdated firmware provided the initial attack vector, enabling unauthorized access to internal systems.
Following the theft, investigators discovered the attackers maintained network access to enable future attacks, though the bank detected the compromise and engaged Moscow-based forensic firm Group-IB to investigate. Group-IB attributed the attack to MoneyTaker, a group linked to at least 20 prior incidents targeting financial institutions and law firms in Russia, the US, and the UK since their first documented activity in November 2017. The incident disrupted the bank’s operations and exposed vulnerabilities in its regional branch security infrastructure. No additional financial losses were confirmed, but the breach highlighted systemic risks associated with unpatched network devices. The bank did not publicly disclose remediation timelines or specific containment measures beyond involving external investigators.