In one of the most significant cybercrime investigations, Europol discovered a series of sophisticated malware attacks targeting financial institutions worldwide. The malware, known as Carbanak and later iterations like Odinaff, allowed cybercriminal gangs, notably Fin7, to perform financial theft on an unprecedented scale. Exploiting vulnerabilities in banking security systems, the attackers managed to steal over €1 billion by manipulating ATM systems and point-of-sale terminals, capturing the details of millions of payment cards. The intricate operations involved using malicious documents to compromise financial companies' networks, enabling them to jackpot ATMs and siphon funds through mules into criminal accounts. The impact of these attacks highlights severe shortcomings in cybersecurity protocols within affected organizations, leading to significant financial and reputational damage. Despite arrests in Spain and the U.S., the full extent of the network and the ongoing threat posed by similar malware attacks remain concerns for the global financial sector.
Source: https://carnegieendowment.org/specialprojects/protectingfinancialstability/timeline
"id": "eur904050724",
"linkid": "europol",
"type": "Breach",
"date": "03/2018",
"severity": "100",
"impact": "6",
"explanation": "Attack threatening the economy of geographical region"