FBI Sees Steep Rise in State-Sponsored Cyber Theft

The FBI's Richard Jacobs says that the impact of US sanctions is driving theft “to fund coffers”.


The impact of economic sanctions on rogue countries is helping to drive a dramatic rise in their sponsorship of sophisticated cyber attacks, with the goal of stealing funds to replenish national coffers, according to a senior agent in the US Federal Bureau of Investigation’s cyber security division.

Banks also say they fear that a rise in the severity of hacks resulting in successful thefts of north of $100 million per attack is also driving nation states to dramatically increase their

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