GlobalBank Corp

May 8, 2024 1 min read
GlobalBank Corp

In a significant cyber incident in 2013, GlobalBank Corp fell victim to the Carbanak banking Trojan, leading to substantial financial and reputational repercussions. The malware, introduced via sophisticated phishing schemes, enabled attackers to manipulate ATMs for cash-outs and intercept point-of-sale transactions. Careful planning allowed these incursions to persist undetected for months, culminating in the exfiltration of millions of euros. The involvement of Fin7, a notorious cybercriminal group, was speculated, leveraging both Carbanak and other tools for their operations. Despite arrests made in 2018, the breach exposed the vulnerabilities within financial institutions' security measures, emphasizing the need for enhanced defenses and employee awareness training to mitigate future risks. This incident underlines the growing sophistication of cyber threats and the continuous cat-and-mouse game between cybercriminals and law enforcement.

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

"id": "glo1022050824",
"linkid": "globalbank-corp",
"type": "Ransomware",
"date": "06/2013",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

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