FIN7 | Breaking Cybersecurity News | The Hacker News

An exhaustive analysis of  FIN7  has unmasked the cybercrime syndicate's organizational hierarchy, alongside unraveling its role as an affiliate for mounting ransomware attacks. It has also exposed deeper associations between the group and the larger threat ecosystem comprising the now-defunct ransomware  DarkSide ,  REvil , and  LockBit  families. The highly active threat group, also known as Carbanak, is  known  for employing an extensive arsenal of tools and tactics to expand its "cybercrime horizons," including adding ransomware to its playbook and setting up fake security companies to lure researchers into conducting ransomware attacks under the guise of penetration testing. More than 8,147 victims have been compromised by the financially motivated adversary across the world, with a majority of the entities located in the U.S. Other prominent countries include China, Germany, Canada, Italy, and the U.K. FIN7's intrusion techniques, over the years, have furth

A new analysis of tools put to use by the Black Basta ransomware operation has identified ties between the threat actor and the  FIN7  (aka Carbanak) group. This link "could suggest either that Black Basta and FIN7 maintain a special relationship or that one or more individuals belong to both groups," cybersecurity firm SentinelOne  said  in a technical write-up shared with The Hacker News. Black Basta, which  emerged  earlier this year, has been attributed to a ransomware spree that has claimed over 90 organizations as of September 2022, suggesting that the adversary is both well-organized and well-resourced. One notable aspect that makes the group stand out, per SentinelOne, is the fact that there have been no signs of its operators attempting to recruit affiliates or advertising the malware as a RaaS on darknet forums or crimeware marketplaces. This has raised the possibility that the Black Basta developers either cut out affiliates from the chain and deploy the ranso

A 32-year-old Ukrainian national has been  sentenced to five years in prison  in the U.S. for the individual's criminal work as a "high-level hacker" in the financially motivated group FIN7. Denys Iarmak, who worked as a penetration tester for the cartel from November 2016 through November 2018, had been previously arrested in Bangkok, Thailand in November 2019, before being extradited to the U.S. in May 2020. In November 2021, Iarmak had pleaded guilty to one count of conspiracy to commit wire fraud and one count of conspiracy to commit computer hacking. FIN7 has been attributed to a number of attacks that have led to the theft of more than 20 million customer card records from over 6,500 individual point-of-sale terminals at more than 3,600 separate business locations in the U.S, costing the victims $1 billion in losses. The criminal gang, also known as Carbanak Group and the Navigator Group, has a track record of hitting restaurant, gambling, and hospitality indu

The notorious cybercrime group known as FIN7 has diversified its initial access vectors to incorporate software supply chain compromise and the use of stolen credentials, new research has revealed. "Data theft extortion or ransomware deployment following FIN7-attributed activity at multiple organizations, as well as technical overlaps, suggests that FIN7 actors have been associated with various ransomware operations over time," incident response firm Mandiant  said  in a Monday analysis. The cybercriminal group, since its emergence in the mid-2010s, has gained notoriety for large-scale malware campaigns targeting the point-of-sale (POS) systems aimed at restaurant, gambling, and hospitality industries with credit card-stealing malware. FIN7's shift in monetization strategy towards ransomware follows an October 2021 report from Recorded Future's Gemini Advisory unit, which  found  the adversary setting up a fake front company named Bastion Secure to recruit unwitt

The financially motivated FIN7 cybercrime gang has masqueraded as yet another fictitious cybersecurity company called "Bastion Secure" to recruit unwitting software engineers under the guise of penetration testing in a likely lead-up to a ransomware scheme. "With FIN7's latest fake company, the criminal group leveraged true, publicly available information from various legitimate cybersecurity companies to create a thin veil of legitimacy around Bastion Secure," Recorded Future's Gemini Advisory unit said in a report. "FIN7 is adopting disinformation tactics so that if a potential hire or interested party were to fact check Bastion Secure, then a cursory search on Google would return 'true' information for companies with a similar name or industry to FIN7's Bastion Secure." FIN7 , also known as Carbanak, Carbon Spider, and Anunak, has a track record of striking restaurant, gambling, and hospitality industries in the U.S. to infect

A recent wave of spear-phishing campaigns leveraged weaponized Windows 11 Alpha-themed Word documents with Visual Basic macros to drop malicious payloads, including a JavaScript implant, against a point-of-sale (PoS) service provider located in the U.S. The attacks, which are believed to have taken place between late June to late July 2021, have been attributed with "moderate confidence" to a financially motivated threat actor dubbed FIN7, according to researchers from cybersecurity firm Anomali. "The specified targeting of the Clearmind domain fits well with FIN7's preferred modus operandi," Anomali Threat Research  said  in a technical analysis published on September 2. "The group's goal appears to have been to deliver a variation of a JavaScript backdoor used by FIN7 since at least 2018." An Eastern European group active since at least mid-2015, FIN7 has a checkered history of targeting restaurant, gambling, and hospitality industries in th

A Ukrainian national and a mid-​level supervisor of the hacking group known as FIN7 has been sentenced to seven years in prison for his role as a "pen tester" and perpetuating a criminal scheme that enabled the gang to compromise millions of customers debit and credit cards. Andrii Kolpakov , 33, was arrested in Spain on June 28, 2018, and subsequently extradited to the U.S. the following year on June 1, 2019. In June 2020, Kolpakov pleaded guilty to one count of conspiracy to commit wire fraud and one count of conspiracy to commit computer hacking. The Western District of Washington also ordered Kolpakov to pay $2.5 million in restitution. The defendant, who was involved with the group from April 2016 until his arrest, managed other hackers who were tasked with breaching the point-of-sale systems of companies, both in the U.S. and elsewhere, to deploy malware capable of stealing financial information. FIN7 , also called Anunak, Carbanak Group , and the Navigator Group,

A high-level manager and systems administrator associated with the FIN7 threat actor has been sentenced to 10 years in prison, the U.S. Department of Justice announced Friday. Fedir Hladyr , a 35-year-old Ukrainian national, is said to have played a crucial role in a criminal scheme that compromised tens of millions of debit and credit cards, in addition to aggregating the stolen information, supervising other members of the group, and maintaining the server infrastructure that FIN7 used to attack and control victims' machines. The development comes after Hladyr pleaded guilty to conspiracy to commit wire fraud and one count of conspiracy to commit computer hacking in September 2019. He was arrested in Dresden, Germany, in 2018 and extradited to the U.S. city of Seattle. Hladyr has also been ordered to pay $2.5 million in restitution. "This criminal organization had more than 70 people organized into business units and teams. Some were hackers, others developed the malwa