everest attacks Fedbank Financial Services Ltd

Incident Date:

September 15, 2022

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everest attacks Fedbank Financial Services Ltd


Fedbank Financial Services Ltd




New Delhi, India

Delhi, India

First Reported

September 15, 2022

Fedfina Financial Services Ltd. Targeted by Everest Ransomware Group

Company Overview

Fedfina Financial Services Ltd., a prominent entity in the finance sector, operates 609 branches with an asset under management (AUM) of ₹10,714 Cr. The institution has garnered high ratings, including A1+ by ICRA, AA-(Positive) by India Ratings, and AA(positive) / A1+ by CRISIL, reflecting its strong financial standing and reliability.

Vulnerabilities and Targeting

The Everest ransomware group has singled out Fedfina Financial Services Ltd., capitalizing on weaknesses within the company's cybersecurity defenses. While the specifics of the attack and the exploited vulnerabilities remain undisclosed, the incident underscores the critical need for robust security measures in the financial sector.

Industry Standout

Distinctive for its customer-centric approach, Fedfina Financial Services Ltd. emphasizes the importance of prioritizing and addressing customer needs, setting a benchmark for service excellence in the finance industry.

Impact and Mitigation

The precise repercussions of the ransomware attack on Fedfina Financial Services Ltd. have not been elaborated upon. Nonetheless, the episode highlights the imperative for organizations to implement comprehensive cybersecurity strategies. Effective measures include conducting regular software updates, providing employee training on security best practices, and developing incident response protocols to swiftly address potential threats.


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.