Global Finance Corp

May 8, 2024 1 min read
Global Finance Corp

In a significant cybersecurity breach, Global Finance Corp fell victim to the Carbanak banking Trojan, leading to the theft of substantial financial assets. The malware, introduced through malicious documents opened by unsuspecting employees, enabled attackers to manipulate ATMs and compromise point-of-sale data covertly. Over a span of three years, the attack resulted in losses exceeding €1 billion across more than thirty countries, profoundly impacting the financial stability and trust in Global Finance Corp. The attack's sophistication allowed criminals to operate undetected for months, using mules to funnel stolen funds. Despite arrests, the long-term ramifications on the company's reputation and operations continue to unravel.

Source: https://carnegieendowment.org/specialprojects/protectingfinancialstability/timeline

"id": "glo004050824",
"linkid": "global-finance-corp",
"type": "Vulnerability",
"date": "03/2018",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

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