FinSecure Bank

In July 2023, FinSecure Bank was hit by a significant cyber-attack, leading to the data breach of millions of customer records, including personal identification numbers and credit card information. The breach was a result of sophisticated malware that exploited a vulnerability in the bank's cybersecurity defenses. The attack not only compromised the personal and financial information of the bank's customers but also shook the trust in the institution's ability to safeguard sensitive data. The immediate financial impact was estimated at $200 million in unauthorized transactions, with the potential for long-term reputational damage. The bank is currently cooperating with law enforcement and cybersecurity experts to address the breach, strengthen its security measures, and prevent future incidents. Efforts are also underway to support affected customers, including credit monitoring and identity theft protection services.

Source: https://www.elibrary.imf.org/view/journals/001/2018/143/article-A001-en.xml

TPRM report: https://scoringcyber.rankiteo.com/company/finsecure-bank

"id": "fin001050924",
"linkid": "finsecure-bank",
"type": "Breach",
"date": "07/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

{'affected_entities': [{'customers_affected': 'Millions',
                        'industry': 'Financial Services',
                        'name': 'FinSecure Bank',
                        'type': 'Bank'}],
 'attack_vector': 'Malware',
 'customer_advisories': 'Credit monitoring and identity theft protection '
                        'services',
 'data_breach': {'number_of_records_exposed': 'Millions',
                 'personally_identifiable_information': 'Personal '
                                                        'identification '
                                                        'numbers',
                 'sensitivity_of_data': 'High',
                 'type_of_data_compromised': ['Personal identification numbers',
                                              'Credit card information']},
 'date_detected': 'July 2023',
 'description': 'In July 2023, FinSecure Bank was hit by a significant '
                'cyber-attack, leading to the data breach of millions of '
                'customer records, including personal identification numbers '
                'and credit card information. The breach was a result of '
                'sophisticated malware that exploited a vulnerability in the '
                "bank's cybersecurity defenses. The attack not only "
                'compromised the personal and financial information of the '
                "bank's customers but also shook the trust in the "
                "institution's ability to safeguard sensitive data. The "
                'immediate financial impact was estimated at $200 million in '
                'unauthorized transactions, with the potential for long-term '
                'reputational damage. The bank is currently cooperating with '
                'law enforcement and cybersecurity experts to address the '
                'breach, strengthen its security measures, and prevent future '
                'incidents. Efforts are also underway to support affected '
                'customers, including credit monitoring and identity theft '
                'protection services.',
 'impact': {'brand_reputation_impact': 'Long-term reputational damage',
            'data_compromised': ['Personal identification numbers',
                                 'Credit card information'],
            'financial_loss': '$200 million'},
 'investigation_status': 'Ongoing',
 'response': {'law_enforcement_notified': True,
              'third_party_assistance': 'Cybersecurity experts'},
 'title': 'FinSecure Bank Data Breach',
 'type': 'Data Breach',
 'vulnerability_exploited': 'Cybersecurity defenses'}