Saturday, March 2, 2024

DDoS Attack Hits European Investment Bank – Websites Unavailable

Recent reports indicate that a cyber attack hit the European Investment Bank (EIB) – DDoS Attack claimed to be from Russian threat actors.

Cybercrime activities have seen a large rise after the Russia-Ukraine LoCs heated up in 2022.

Several threat groups have targeted several countries and organizations in support of Ukraine and Russia.

These threat actors have previously threatened to target the Western financial system supporting Ukraine.

DDoS Attack on the EIB – Speculation

As per the current attack report, there has been a Distributed Denial of Service attack against the EIB, which was speculated to have been done by the Killnet gang.

EIB is owned by the European member states and is said to hold around €500 billion in funds.

The EIB spokesperson said, “While we have seen groups claiming responsibility for the incident, we will not speculate at this stage.” So as this was said, Anonymous Sudan, another Hacktivist group, has also posted on their Telegram channel, which reads, “ Anonymous Sudan | KILLNET Start a Devastating Campaign against the European Bank Sector.”

Killnet was the threat group responsible for taking down the NATO and US Air Force Strategic command earlier in February. 

Their Modus Operandi revolves around conducting a DDoS flood on the targeted servers flooding them with traffic that results in becoming unavailable for usage.

This threat group is in link with the Russian threat actors and has support from the country’s authorities.

However, Critical Infrastructure was unaffected as the organizations kept their critical operational systems off the grid. 

Cybercrime groups have been taking advantage of the situation in Ukraine and conducting various activities under the “Support for Ukraine” hood.

The countries must look into their critical infrastructure and protect it at all costs by bringing criminals to justice.

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Guru baran
Guru baran
Gurubaran is a co-founder of Cyber Security News and GBHackers On Security. He has 10+ years of experience as a Security Consultant, Editor, and Analyst in cybersecurity, technology, and communications.

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