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Market Chatter: Russia's Yandex Reportedly Hacked by Western Intelligence

4:17AM ET 6/28/2019 MT Newswires
Yandex (YNDX), the Russian internet company, was hacked by Western intelligence agencies between October and November 2018 by deploying a malware in an attempt to spy on user accounts, Reuters reported Friday, citing four people with knowledge of the matter.

The hack was intended for espionage purposes and not to disrupt or steal intellectual property, the unnamed sources added. Yandex spokeman Ilya Grabovsky told Reuters that the cyberattack was "detected at a very early stage" by the company's security team and no user data was compromised.

Yandex reportedly called in Russian cybersecurity company Kaspersky, which established that the attackers were targeting a group of developers inside Yandex. According to the unnamed sources, the malware used in the cyberattack, called Regin, is known to be used by the "Five Eyes" intelligence-sharing alliance of the US, UK, Australia, New Zealand and Canada.

Intelligence agencies from the five countries declined to provide Reuters any comment on the matter. Kaspersky, the US Office of the Director of National Intelligence, the White House National Security Council and the Kremlin did not respond to Reuters' requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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