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IRLeaks Attack On Iranian Banks
In August 2024, an Iranian group called IRLeaks attacked Iranian banks. Politico described the attack as the “worst cyberattack” in Iranian history. According to Politico, the Iranian government was forced to pay millions of dollars to IRLeaks in ransom. Politico reported that 20 out of about 29 Iranian credit institutions fell in the attack. The Iranian central bank, the Post Bank of Iran and the Bank of Industry and Mines were amongst the banks hit in the attack. The attackers were likely freelance hackers seeking financial gain. The attack occurred after the release of reports that Iranian hackers intervened in the 2024 presidential American elections. Overview IRLeaks, in their attack, collected data on millions of Iranian customers, including their credit card details. IRLeaks sought to sell their data on the dark web for 10 million dollars. Iran was forced to block ATMs in the country. 20 out of 29 Iranian banks were hit including Sarmayeh Bank, Post Bank of Iran, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Markazi Tower 0204
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
