Eastern Europe and ex-USSR

GameOver ZeuS criminals spied on Turkey, Georgia, Ukraine and OPEC

The criminals behind the GameOver ZeuS Botnet didn’t just steal $100 million from banks — they also spied on several countries on behalf of Russia, according to a Black Hat presentation Wednesday by an FBI agent and two other security experts.

These countries included Ukraine, Turkey, Georgia, and OPEC members, according to FBI special agent Elliott Peterson.

The gang, which called itself Business Club, had two leaders, one of whom was Evgeniy Bogachev who is still uncaught. The FBI is offering a $3 million reward for information leading to Bogachev’s arrest.

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Ukraine Turmoil Wreaks Havoc on Treasury and Finance Groups

Treasury and finance executives whose companies do business in Russia, the Ukraine, and other former Soviet republics are already seeing the effects of the mounting crisis on their bottom lines. The turmoil has caused the ruble’s exchange rate to plummet, making it more expensive for companies to import goods into Russia and to service existing

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Sphere of Influence

Treasury and finance executives whose companies  do business in Russia, the Ukraine, and other  former Soviet republics are already seeing the  effects of the Crimean crisis on their bottom lines. The turmoil has caused the ruble’s exchange rate to  plummet, making it more expensive for companies to  import goods into Russia and to service existing

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Russia’s Alfa-Bank And Rosbank Sign Surcharge-Free ATM-Sharing Deal

Alfa-Bank and Rosbank earlier this month merged their ATM networks as the Russian financial institutions looked to compete with Sberbank, the country’s largest bank. The merged network has more than 5,500 ATMs in 539 cities and towns. Customers of the two banks now may use either bank’s ATMs without paying a surcharge fee and without

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Russian Hypermarket Owner Signs Ingenico Terminal Deal

All of Russia’s Auchan hypermarkets will deploy Ingenico payment terminals by the end of 2012, the global payment technology vendor announced Jan. 24. Auchan selected Ingenico’s iSC250 terminals, and 1,700 had been deployed as of last month in 22 hypermarkets. Terms were not disclosed. The terminals allow customers to use a touchscreen to sign for

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MasterCard Signs Deal To Bring PayPass To Russian Cell Phones

MasterCard Worldwide has signed a letter of intent with Russian cell-phone carrier Mobile TeleSystems to bring PayPass contactless-payment functionality to Russian mobile data only sim phones, the card brand announced Oct. 28. Mobile TeleSystems, which will offer SIM cards embedded with PayPass functionality, demonstrated the technology at the Rosnanotech 2011 conference. It is the first

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