Cyber attack losses cost Russian bank $1 million in first eight month

Russian banks have sharply reduced their losses from cyber attacks with 76.5 million roubles ($1.17 million) in losses in the first eight months of 2018, the central bank said on Thursday.

Russian lenders lost 1.08 billion roubles ($16.46 million) in the same period last year, it said.

(With inputs from agencies.)