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

TPRM report: https://scoringcyber.rankiteo.com/company/global-finance-corp

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

{'affected_entities': [{'industry': 'Finance',
                        'location': 'Over thirty countries',
                        'name': 'Global Finance Corp',
                        'type': 'Financial institution'}],
 'attack_vector': 'Malicious documents',
 'data_breach': {'type_of_data_compromised': 'Point-of-sale data'},
 'description': '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.",
 'impact': {'brand_reputation_impact': 'Long-term ramifications on the '
                                       "company's reputation",
            'data_compromised': 'Point-of-sale data',
            'financial_loss': '€1 billion',
            'operational_impact': 'Profound impact on financial stability and '
                                  'trust',
            'systems_affected': ['ATMs']},
 'initial_access_broker': {'entry_point': 'Malicious documents'},
 'motivation': 'Financial gain',
 'post_incident_analysis': {'root_causes': 'Social engineering'},
 'threat_actor': 'Unknown',
 'title': 'Global Finance Corp Carbanak Banking Trojan Breach',
 'type': 'Malware',
 'vulnerability_exploited': 'Social engineering'}