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Hackers infiltrate European Central Bank (ECB) website to execute phishing attacks

 

An unidentified hackers' group reportedly infiltrated one of the European Central Bank websites. The group apparently planted malware onto a server of the bank with the idea of executing phishing attacks.

 

Within 5-yrs the hack is the second one for an ECB website. The incident raises questions regarding what measures the bank has taken for its cyber-security. Incidentally, the bank itself is behind the supervision of various practices of data protection related to the banking arrangement inside the eurozone. Following the attack, the central bank has shutdown the website tentatively.

 

The bank has stated it has shutdown its BIRD website i.e. the Banks' Integrated Reporting Dictionary site that had been breached many months back following detection of the hack while doing routine maintenance past week.

 

BIRD a provider of information to the banking sector on what way they should create supervisory as well as statistical reports receives its hosting services from an external agency. The apex bank stated that neither its critical market-related data nor its internal computers were impacted. However, the contact details belonging to 481 entities subscribing to the website's newsletter likely were accessed, ECB said. www.marketwatch.com posted this, August 15, 2019.

 

By utilizing a database that supports BIRD, the hackers installed software to carry out phishing assaults. The ECB got in touch with the 481 people who subscribed to BIRD's newsletter, August 15th to help investigate if the said assaults targeted anybody from the subscribers' list.

 

The ECB stated that it was extremely serious about its databases' security as also that it had notified of the breach to the European Data Protection Supervisor. www.ft.com posted this August 15, 2019.

 

Although of a small scale, the ECB website hack emphasizes the challenges institutions encounter while safeguarding their information. In July, an ex-employee of Amazn.com Inc. who was accused of hacking innumerable records from Capital One Financial Corp. was arrested inside USA. The hack was a largest-ever seizure of bank data. www.wsj.com posted this, August 15, 2019.

 

The banking monitoring wing of ECB has again-and-again underlined the necessity for maintaining cyber-security of the financial computers. Monitoring of cyber-security involves inspections of banks in the premises.

 

» SPAMfighter News - 22-08-2019

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