The Central Bank of Russia published an overview of cyber incidents in the financial sector in 2024, reporting more than 750 notifications of attacks against financial institutions and warning that hacking techniques are becoming more sophisticated and harder to detect. Most incidents targeted the availability of firms’ information infrastructure and services, primarily through distributed denial-of-service attacks. The review also notes a growing use of supplier-focused attacks to gain access to financial institutions’ systems, multi-stage and multi-layer methods that can bypass traditional security controls, and repeat exploitation of previously compromised systems, including cases where access was sold to other fraudsters. To support sector preparedness, the Central Bank of Russia ran regular cyber drills, with more than 290 companies participating in 2024.
Central Bank of Russia 2025-02-18
Central Bank of Russia reports over 750 cyber attacks on financial institutions in 2024 and highlights more sophisticated supply-chain intrusions
The Central Bank of Russia reported over 750 cyber incidents in the financial sector in 2024, highlighting increasingly sophisticated hacking techniques. Attacks primarily targeted information infrastructure through distributed denial-of-service and supplier-focused methods. The bank conducted regular cyber drills with over 290 companies to enhance sector preparedness.