blackbasta attacks Royal business bank
Incident Date:
August 6, 2022
Overview
Title
blackbasta attacks Royal business bank
Victim
Royal business bank
Attacker
Blackbasta
Location
First Reported
August 6, 2022
Royal Business Bank Suffers Ransomware Attack
Company Overview
Royal Business Bank is a community bank that merges the service advantages of a nationwide bank with the personalized touch of a community bank. Despite its emphasis on customer growth and success, the bank's website lacks comprehensive details regarding its size, branch network, or the specific banking services it provides.
Industry Standout
The bank's online presence does not distinctly highlight any features or services that differentiate it from its competitors. It primarily focuses on delivering a personal banking experience and the combined benefits of a large-scale and community bank.
Vulnerabilities
The absence of detailed information on the bank's operational and security protocols makes it challenging to pinpoint exact vulnerabilities that could have led to the ransomware attack. Nonetheless, the incident involving BlackBasta indicates a potential targeting of the bank due to its role within the financial sector, a common target for ransomware groups.
The ransomware attack on Royal Business Bank by the BlackBasta group underscores the persistent cyber threats facing financial institutions. Despite the lack of specific details on the bank's cybersecurity measures, this event serves as a critical reminder of the importance of cybersecurity vigilance and the implementation of comprehensive defenses against ransomware and other cyber threats.
Sources
- "Understanding Ransomware and Its Impact on Financial Institutions" - FBI Cyber Division
- "Cybersecurity Best Practices for Financial Institutions" - Federal Financial Institutions Examination Council
Recent Ransomware Attacks
The Recent Ransomware Attacks (RRA) site acts as a watchtower, providing you with near real-time ransomware tracking of attacks, groups and their victims. Given threat actors’ overarching, lucrative success so far, ransomware attacks have become the most ubiquitous, and financially and informationally impactful cyber threat to businesses and organizations today.
The site’s data is generated based on hosting choices of real-world threat actors, and a handful of other trackers. While sanitization efforts have been taken, we cannot guarantee 100% accuracy of the data. Attack updates will be made as source data is reported by reputable sources. By viewing, accessing, or using RRA you acknowledge you are doing so at your own risk.