/financial crime

News and resources on financial crime, including fraud, scams, Anti Money Laundering and Know Your Customer.
European banks hit by Russian hackers

European banks hit by Russian hackers

A gang of pro-Russian hactivists have claimed credit for a series of attacks on the IT systems of banks and financial institutions across Europe.

The group, Killnet, claims to have targeted the inner workings of the European Investment Bank (EIB) which has in turn confirmed that it has been the victim of an attack.

The hackers have a used a series of distributed denial of service (DDoS) attacks on the EIB and other financial institutions.

Pro-Russian groups such as Killnet, Anonymous Sudan and REvil have targeted the European banking system in response to the sanctions placed on Russia in the wake of its invasion of Ukraine.

The latest message from Killnet’s Telegram page read: “Hello Europe! How are things with the IBAN banking system? I feel like something is wrong with her. Perhaps the transfer system is affected by bad weather. And also the weather forecasters say that not only IBAN will be dead, but also SEPA, WISE, SWIFT.”

According to Matt Hull, global head of threat intelligence at NCC Group, the activities of politically motivated hackers pose a significant risk to governments, critical infrastructures and companies. Consequently, organisations should adopt proactive security measures and nurture a culture of resilience.



Comments: (3)

A Finextra member
A Finextra member 20 June, 2023, 23:521 like 1 like

Time for hackers to target Russian Banks

A Finextra member
A Finextra member 21 June, 2023, 11:01Be the first to give this comment the thumbs up 0 likes

Were there any real consicuesnes of this "attack"? Just to remind you that it is the same Killnet that already "destroyed the NATO infrastructure" and claimed to conduct an attack on the US companies on the "L8 OSI model layer". They could be dangerous only if fail2ban is not configured.  

A Finextra member
A Finextra member 22 June, 2023, 08:40Be the first to give this comment the thumbs up 0 likes

"IBAN Banking System"? Do they relaise the USA does not use IBANs and plenty of countries outside Europe use it (such as Tunisia, Belarus and, er, Russia).