everest attacks FederalBank/Fedfina.part3

Incident Date:

July 21, 2022

World map



everest attacks FederalBank/Fedfina.part3






Mayur Vihar, India

Delhi, India

First Reported

July 21, 2022

Ransomware Attack on Fedfina.part3

The ransomware group Everest has claimed responsibility for an attack on Fedfina.part3, a financial institution operating in the Finance sector. The company's size and industry-specific vulnerabilities are not explicitly mentioned in the search results. However, the financial sector is known to be a common target for ransomware attacks due to the sensitive nature of the data they handle and the potential for significant financial losses.

Fedfina.part3's Vulnerabilities

The specific vulnerabilities that led to Fedfina.part3 being targeted by the Everest ransomware group are not detailed in the search results. However, it is mentioned that ransomware attacks often occur through user actions such as clicking on phishing emails or visiting infected websites. This suggests that the company may have been compromised through a phishing attack or by visiting a malicious website.

Prevention and Mitigation

To prevent and mitigate the risks of ransomware attacks, financial institutions should employ a "defense-in-depth" strategy that includes a combination of security controls such as antivirus/antimalware software, endpoint hardening, and data loss prevention software. Regular patching and vulnerability remediation are also crucial in preventing ransomware attacks. Proper network segmentation can limit the potential damage by restricting lateral movement and flagging potential rogue devices.

Ongoing Threats

The financial services sector is a favored target of several high-profile threat groups, with about 40% of ransomware incidents against financial services companies linked to Clop. Other major threat groups, including LockBit, AlphV/BlackCat, Royal, and Black Basta, have also targeted financial services companies.

Regulatory Response

Regulators have been cracking down on cybersecurity compliance in recent months, with the Federal Trade Commission amending its Safeguard Rule in October to require nonbank financial institutions to report any breach involving the data of more than 500 customers. New York State's Department of Financial Services is also taking action, reaching a $1 million settlement with First American Title Insurance over allegations the company exposed hundreds of thousands of customers' personal information.

The Everest ransomware group's attack on Fedfina.part3 highlights the ongoing threat of ransomware to the financial sector. Financial institutions must remain vigilant and employ robust security measures to protect against these attacks.


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.