Back to the complete issue
Sunday, 15 May 2016

Double Cross: The FBI’s cat and mouse game with a Ukrainian hacker

Double Cross: The story of how the FBI turned a Ukrainian hacker as cybercrime began to emerge as a real global threat: According to some conservative estimates, annual losses to the global economy due to cybercrime stands at more than USD 375 bn, and the US Director of National Intelligence has ranked cybercrime as the top national security threat facing the United States, ahead of terrorism, weapons of mass destruction, and espionage. Just last Thursday, Swift reported that an unnamed commercial bank was targeted by a malware attack similar to that on Bangladesh’s central bank, an attack that demonstrated “deep knowledge of operational controls.” On that note, Wired has an excellent profile on Ukrainian hacker Maksym Igor Popov and the cat and mouse game he found himself in as he crossed paths with the FBI’s attempts to recruit him. (Read The Ukrainian Hacker Who Became the FBI’s Best Weapon – And Worst Nightmare via Wired)

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.