Monday , September 9 2024

Annonymous Sudan attack First Abu Dhabi Bank, RAKBANK, and Mashreq Bank: Media claim

The news ‘UAE banks cyber attack by Anonymous Sudan‘ has put financial services in the GCC region on high alert.

In a startling development, the notorious Anonymous Sudan has attacked UAE banks. Specifically, First Abu Dhabi Bank, RAKBANK, and Mashreq Bank have fallen victim to the group’s onslaught on a probable spree of DDoS.

Progress LoadMaster exposed to a critical 10/10 vulnerability

Progress Software released an emergency fix for a critical vulnerability (10/10) in its Loadmaster and LoadMaster Multi-Tenant Hypervisor products, which...
Read More
Progress LoadMaster exposed to a critical 10/10 vulnerability

Cisco released security updates for two critical security flaws

CISCO released security updates for two critical security flaws impacting its smart Licensing Utility that could allow unauthenticated, remote attackers...
Read More
Cisco released security updates for two critical security flaws

OpenBAS: Cutting-edge breach and attack simulation platform

OpenBAS is a platform that helps organizations to plan, schedule, and conduct crisis exercises, adversary simulations, and breach simulations. OpenBAS...
Read More
OpenBAS: Cutting-edge breach and attack simulation platform

Critical Security Flaws Patched in Zyxel Networking Devices

Zyxel has released software updates to fix a serious security issue in certain access point (AP) and security router versions....
Read More
Critical Security Flaws Patched in Zyxel Networking Devices

CVE-2024-38811: CEV In VMware Fusion Unveiled

VMware released a security advisory for a major vulnerability in the VMware Fusion product. This vulnerability could be exploited by...
Read More
CVE-2024-38811: CEV In VMware Fusion Unveiled

CERT-IN Warns Vulnerabilities in Palo Alto Networks applications

Indian Computer Emergency Response Team (CERT-IN) issued advisories about multiple vulnerabilities in various Palo Alto Networks applications. Attackers could exploit...
Read More
CERT-IN Warns Vulnerabilities in Palo Alto Networks applications

How Malaysia’s Data Centre Industry Poised for Growth

Malaysia is quickly becoming a leading choice for investing in data centers. It aims to generate RM3.6 billion (US$781 million)...
Read More
How Malaysia’s Data Centre Industry Poised for Growth

RansomHub exfiltrated data over 210 victims: US alert

US authorities have issued a cybersecurity advisory about a ransomware group called RansomHub. The group is thought to have stolen data...
Read More
RansomHub exfiltrated data over 210 victims: US alert

Godzilla Fileless Backdoor Exploits Atlassian Confluence flaw

There is a new way to attack Atlassian Confluence using the vulnerability CVE-2023-22527. The Confluence Data Center and Server products...
Read More
Godzilla Fileless Backdoor Exploits Atlassian Confluence flaw

New Cicada ransomware targets VMware ESXi servers

The Cicada3301 ransomware is made in Rust and attacks Windows and Linux/ESXi hosts. Truesec researchers examined a version that targets...
Read More
New Cicada ransomware targets VMware ESXi servers

The cyber attack targeted the online banking portals of these three major financial institutions, causing a temporary disruption in their services. 

The Cyber Express cited in their report that the banking portals of Abu Dhabi Bank and Mashreq Bank were indeed inaccessible for a few hours on May 11. However, both banks restored their websites to full functionality at the time of publishing this report.

UAE banks cyber attack by Anonymous Sudan: More to come!

The cyber express claim in their report that neither Abu Dhabi Bank, RAKBANK, nor Mashreq Bank has responded to the inquiry.

The group stated in a Telegram post that the two would now cooperate in cyber attacks. “It will be a strong cooperation, and with this cooperation, we will hit many targets easily,” read the post. 

If there is any truth to the claim that Anonymous Sudan has attacked UAE banks, specifically First Abu Dhabi Bank, RAKBANK, and Mashreq Bank, then it would put the banking details of UAE citizens and employees’ details at risk. 

A confirmation of UAE banks cyber attack by Anonymous Sudan must put all financial institutions in the GCC on high alert, especially because of the fact that the pro-Russian threat actor recently joined hands with the Turk Hack Team.

Telegram post by Anonymous Sudan

The First Abu Dhabi Bank has been reported to have 13,684 employees, with a revenue $8.3 billion, assets worth $272.3 billion, and profits worth $3.3B as of 2022, reported by Forbes.

Similarly, RAKBANK has 3,417 employees, Mashreq Bank has 5,000, and revenues, assets, and profits are worth billions of dollars for both banks. 

UAE banks cyber attack by Anonymous Sudan: What’s next?

While the UAE banks cyber attack by Anonymous Sudan may have been temporarily thwarted, it serves as a reminder that the battle for cybersecurity is ongoing and relentless.

Apart from geo-political threats like Anonymous Sudan, phishing and ransomware attacks are the top two cyber threats faced by financial services.

In the first half of 2021, phishing attacks increased by 22% in the financial sector, and attacks targeting financial apps increased by 38% for the same comparative period. Meanwhile, ransomware attacks against the financial sector increased by ninefold between February and April 2020.

 

Check Also

Chart

Minecraft Server faced 3.15 Billion Packet Rate DDoS Attack

Global Secure Layer (GSL) recently mitigated a huge volume of DDoS attack ever recorded. The …

Leave a Reply

Your email address will not be published. Required fields are marked *