FBI sees steep rise in state-sponsored cyber theft

US Department of Justice

Photo: Bjoertvedt/Wikimedia Commons

Tom Osborn
Steve Marlin
07 Nov 2019

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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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