Russian investment platform confirms cyberattack by pro-Ukraine hackers

The Russian investment and analytics platform Investment Projects was hit by a cyberattack from a pro-Ukrainian hacker group earlier this week.

As of Wednesday, the site was still offline. In a statement, the platform said it was working to restore its infrastructure and had notified state regulators about the incident.

The hackers, who call themselves Cyber Anarchy Squad, claimed responsibility for the attack on Sunday. The group said it had partially destroyed the site’s infrastructure, accessed internal databases and employee documents, and published a trove of allegedly stolen files. Recorded Future News could not independently verify the authenticity of the leaked material.

Cyber Anarchy Squad said it leaked the data to pressure regulators into fining the platform. Under Russian law, businesses can face penalties of up to 20,000 rubles ($250) for failing to protect customer data.

Investment Projects promotes and analyzes large-scale ventures in Russia, including industrial, civil, and transport construction. It is operated by PKR Group, whose investors and clients include major Russian companies such as the engineering group Konar, mining and metallurgy giant Norilsk Nickel, agribusiness Rusagro, and private carrier S7 Airlines.

“The enemy is trying to weaken the economy and industry by undermining Russia’s services and platforms, but we will be stronger than this,” the company said in response to the attack.

Cyber Anarchy Squad has been active since around 2022 and is known for targeting Russian and Belarusian organizations, including the telecom provider Infotel, cybersecurity firm Avanpost, and entities linked to the government. The group uses Telegram channels to publicize its operations.

The impact of the latest attack remains unclear, though such incidents typically cause reputational harm, high recovery costs, and potential regulatory fines.