Category Archives: Carbanak

After arrests, FIN7 group shows resilience in attacking banks anew

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An infamous hacking group is back to aggressively targeting banks less than a month after the U.S. Justice Department announced the arrest of three of its high-level members, according to new research. The group known as FIN7, Carbanak, or the Cobalt Group, has reportedly stolen over a billion dollars from financial institutions in recent years. Now it has two more banks in Russia and Romania in their sights, according to Netscout’s ASERT threat intelligence group. The hackers have gone after the two banks with spearphishing emails that mimic the banks’ vendors. “ASERT believes Cobalt Group will continue targeting financial organizations in Eastern Europe and Russia based on the observables in this campaign and their normal modus operandi,” the researchers wrote, describing the activity as ongoing. ASERT spotted the renewed activity on Aug. 13, less than two weeks after the Justice Department unsealed the indictment of three alleged FIN7 members from […]

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Fin7 and the Perfect Phish

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For the past twenty years, one of the main pieces of advice our industry gave to people regarding their email was “don’t open attachments from people you don’t know.”  But what if your JOB is opening attachments from people you don’t know?
On Augu… Continue reading Fin7 and the Perfect Phish→

How FBI’s global reach took down a cybercrime unicorn

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If cybercrime syndicates were talked about like they were startups, the Fin7 hacking group would be considered a billion-dollar unicorn. Also known as Carbanak, the group has operated on the scale and sophistication level of nation-states since 2014.  It’s responsible for the theft of billions of dollars from banks and businesses around the world, leveraging phishing and social engineering to grab bank account and credit card numbers. “For nearly four years, the Fin7 gang has been the major supplier of stolen payment card data to criminals in the dark web,” said Andrei Barysevich, a director at Boston-based cybersecurity firm Recorded Future. “Such data can then be encoded onto any plastic magstripe card, allowing criminals to make in-person purchases.” The arrest of three high-ranking members, which was announced by the FBI on Wednesday, is devastating to the group. But the organization, which has operated using many of the same tools that […]

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US Charges 3 Members of the Notorious FIN7 Cybercriminal Group

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The U.S. Department of Justice announced charges against three leading members of a cybercriminal group called FIN7 that hacked into more than 100 U.S. businesses. The three men are Ukrainian nationals and are already in custody. FIN7, also known as C… Continue reading US Charges 3 Members of the Notorious FIN7 Cybercriminal Group→

DOJ arrests three Ukrainians allegedly tied to FIN7 hacking gang

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Three Ukrainians accused of hacking vast quantities of financial data from U.S. businesses have been indicted, the Department of Justice announced on Wednesday. The individuals arrested are Dmytro Fedorov, 44, Fedir Hladyr, 33, and Andrii Kopakov, 30. The trio are allegedly part of a hacking group called “FIN7” by the government, but more widely known as Carbanak, a group that allegedly stole billions from worldwide banks and tens of millions of dollars from U.S. companies since the group’s inception in 2014. Carbanak boasts dozens of members and a complex organization which, prosecutors say, the three arrested men helped manage and control. “The three Ukrainian nationals indicted today allegedly were part of a prolific hacking group that targeted American companies and citizens by stealing valuable consumer data, including personal credit card information, that they then sold on the Darknet,” said Assistant Attorney General Brian Benczkowski. The three men are charged with 26 felony counts alleging […]

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