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Showing posts with label Digital Heist. Show all posts
User Privacy
Conti Ransomware Cyber Security Digital Heist Graff User Data User Privacy

Graff : Victim of a Digital Heist

 

Hackers have stolen a huge amount of the personal information of various bigwigs, including global presidents, famous Hollywood stars, and rich tycoons, in a spectacular 'virtual theft' on the exclusive jewelry business 'Graff,' according to The Mail on Sunday. 

Cyber crooks have already released approximately 69,000 private papers on the 'black web.' Several files hold information about former US President Donald Trump, Sir Philip Green, David Beckham, and Oprah Winfrey, among others. 

Graff is a London-based global jeweler. Laurence Graff, a British jeweler, launched it in 1960. Graff operates as a vertically integrated corporation, designing, manufacturing, and retailing jewelry and timepieces. 

Hackers appear to be asking tens of millions of pounds in ransom money to prevent the publication of additional critical material. Conti, a well-known Russian hacker organization, is responsible for data theft. It further alleges that the material revealed, which covers around 11,000 of Graff's rich clients, represents only 1% of the data taken. 

Philip Ingram, former colonel, British military intelligence, said, "Given the profile of the customer database, this is massive." 

"This is going to bring the highest levels of international law enforcement down on the gang, and that's going to give them a whole lot of headaches in trying to get the ransom paid and then get away with it," added Ingram. 

Invoices, receipts, client lists, and credit notes are examples of documents that might have been stolen. They may be humiliating for certain individuals who may have purchased presents for hidden lovers or accepted jewelry as bribes. 

A spokesperson for Graff said: “Regrettably we, in common with several other businesses, have recently been the target of a sophisticated – though limited – cyber-attack by professional and determined criminals. We were alerted to their intrusive activity by our security systems, allowing us to react swiftly and shut down our network. We notified, and have been working with, the relevant law enforcement agencies and the ICO. We have informed those individuals whose personal data was affected and have advised them on the appropriate steps to take.”
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Phishing Attack
Cyber Security. Digital Heist Phishing Attack

Virginia Bank Loses $2.4 Million In A Digital Heist



A regional Virginia bank, the National Bank of Blacksburg, following a fruitful phishing attack that compromised the entire organization's interior networks has lost $2.4 million in a digital heist that affected the STAR ATM along with the debit network.

As per an April 2018 profit proclamation from the National Bankshares, the parent organization of the bank, National Bank's computer system experienced two digital interruptions, in the month of May in the year 2016 as well as in January of 2017.

In the two cases, the interlopers could infiltrate an inner workstation with a phishing exertion and a weaponized Microsoft Word document. From that point onwards, the attackers installed the malware, and pivoted to a machine on the network that had access to the bank's interface with the STAR network.

The hackers made withdrawals at several ATMs, recommending a profoundly organized exertion. National Bank employed Foregenix to examine the 2016 episode and Verizon to deal with the forensics for the 2017 break, as indicated by the claim. According to the reports, the two organizations followed the movement back to the IP addresses situated in Russia.

Leroy Terrelonge, director of intelligence and operations at Flashpoint, in an interview said that,
 “Actors who target banks are primarily financially motivated, they want a large return on their investment in gaining access to the bank and performing reconnaissance. When attackers are able to establish a presence on a network through deployment of malware or using stolen credentials, they can often remain in stealth for a period of weeks or months, and they use that time to observe the activity of normal users at the bank and perform reconnaissance of the systems, processes and procedures used. ”  

The bank is presently suing its insurance carrier for not covering the full extent of the damage. In the claim, it clarified that it had two sorts of coverage for the cyber issues: The Computer and Electronic Crime Rider, which covers a wide swath of odious action and misfortunes up to $8 million for every hack; and the Debit card Rider, which has a $500,000 cap for each incident.

With respect to the bank's inner endeavors at cyber security in the wake of the hacks, National Bankshares president and CEO Brad Denardo issued a short media explanation addressing the matter:

“I would like to reassure our shareholders and our customers that we take cyber security very seriously. We have taken the necessary steps to avoid cyber intrusions of the sort we experienced in 2016 and 2017, and we continually work to monitor and prevent future threats.”



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