Share

Russian hackers attacked German banks this week - report

accreditation
0:00
play article
Subscribers can listen to this article
  • A hacker group linked to the Russian state has conducted a cyberattack on the German banking system, according to a media report.
  • The country's official cybersecurity authority says it has no knowledge of the attack.
  • With elections looming in September, and Chancellor Angela Merkel poised to step aside, German authorities are aware of the potential for interference from Russia.

A hacker group linked to the Russian state known as "Fancy Bear" conducted a cyber attack on critical German infrastructure and the country’s banking system in the past few days, Bild newspaper reported, citing unidentified Western intelligence sources.

A spokesman for Germany’s BSI Federal Cyber Security Authority said the agency has no knowledge of such an attack. Bild said the BSI confirmed the hack on Wednesday, and cited unidentified sources as saying it may be revenge for international sanctions levelled on Russia and Belarus.

Spokespeople for Deutsche Bank AG and Commerzbank AG and for lobby groups for savings, cooperative and private lenders said they were looking into the report. Germany’s BaFin financial regulator and the European Central Bank did not immediately respond to requests for comment.

With elections looming in September, and Chancellor Angela Merkel poised to step aside, German authorities are aware of the potential for interference from Russia, both in terms of cyber attacks on infrastructure as well as disinformation campaigns.

The Green party’s chancellor candidate, Annalena Baerbock, has become a target given her strong opposition to the almost-completed Nord Stream 2 pipeline that would channel gas from Russia to Germany.

Fancy Bear is controlled by Russia’s GRU military intelligence agency and was behind the hacking of Hillary Clinton’s staff before the 2016 election, according to a 2018 US Department of Justice indictment.

The group is thought to be responsible for a number of prominent phishing attacks globally. Last year, Microsoft reported that about 200 organisations directly or indirectly tied to the US election and political organisations in Europe were targeted by it.

Russia has repeatedly denied state involvement in hacking. President Vladimir Putin told reporters after his summit with US President Joe Biden this month that the two sides had agreed to "start consultations" on cyber security, adding that the sides should "discard all conspiracy theories" about attacks.

After cyberattacks in the US linked to Russia in December, Kremlin spokesman Dmitry Peskov rejected allegations of Russian involvement, saying "there’s no need to immediately blame the Russians for everything without basis".

- With assistance from Alexander Pearson, Stephan Kahl, Tony Halpin, Steven Arons and Nicholas Comfort.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.51
+0.3%
Rand - Pound
23.23
-0.0%
Rand - Euro
19.94
-0.0%
Rand - Aus dollar
12.22
-0.0%
Rand - Yen
0.12
-0.0%
Platinum
966.10
0.0%
Palladium
950.00
0.0%
Gold
0.00
0.0%
Silver
0.00
0.0%
Brent Crude
82.96
-0.9%
Top 40
70,300
+0.5%
All Share
76,428
+0.5%
Resource 10
60,246
-0.2%
Industrial 25
107,200
+1.3%
Financial 15
16,554
-0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders