The world’s largest wealth fund, Norfund, which manages an estimated $1 trillion of assets created off the back of Norway’s vast oil reserves earning plenty of money on the markets. became the victim of a major cyberattack.
It had made the fund’s reserves a little lighter.
The fund calls it an advance data breach, which has lost it $10 million of its cash reserves, equivalent to 100 million Norwegian kroner.
The defrauders manipulated and falsified information exchange between Norfund and the borrowing institution over time in a way that was realistic in structure, content, and use of language.
In addition to emails, documents and payment details were also falsified.
Source: https://cybernews.com/news/hackers-strike-worlds-largest-sovereign-wealth-fund/
"id": "NOR1337301222",
"linkid": "norfund",
"type": "Breach",
"date": "05/2020",
"severity": "50",
"impact": "2",
"explanation": "Attack limited on finance or reputation"
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