Thursday May 26, 2016

I've Been Thinking:

Middle East banks are now the targets of a massive hack. This hack is happening only one month after the largest bank in the Middle East - the Qatar National Bank (QNB), was hacker and 1.4GB of data was stolen.

That hack was traced to a Turkish hacker group which eventually did take responsibility for the hack on YouTube.

This new set of hacks is different from previous hacks. Those responsible are not taking anything, they are just searching for things. The new hack is not for exploitation, it is just for reconnaissance. And that leaves analysts asking a lot of questions.

In this latest hack emails were sent to people in the banks as if they were from co-workers. When the emails were opened, downloaded and forwarded the infection went with them.

It is not clear how many banks have been hacked... but it is safe to say that many more than a handful fell victim to this new cyber attack. More than one and less than 50.

The looming question is, who stands to gain from the knowledge that was gained. I have a few ideas.

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