Turk Hack Team Attacked the World’s Largest Cooperative Finance

Threat actors target financial institutions due to the potential for significant financial gains and access to sensitive customer data.

These entities are attractive targets for threat actors seeking lucrative opportunities and avenues for money laundering, fraud, and ransom. 

While successfully compromising, the financial institutions can deliver valuable information to the threat actors for future attacks.

The Turkish nationalist hacker group Turk Hack Team recently attacked the world’s largest cooperative financial institution, Crédit Agricole Group. 

Document
Live Account Takeover Attack Simulation

How do Hackers Bypass 2FA?

Live attack simulation Webinar demonstrates various ways in which account takeover can happen and practices to protect your websites and APIs against ATO attacks .

Hackers Attack on Cooperative Financial Institution

HS banking services faced disruptions as Crédit Agricole’s website and app in France went offline for hours recently, citing ongoing maintenance. 

With 25 million customers affected, access issues persisted, but some users reported restoration by the afternoon’s end.

Customers flooded social media with complaints about Crédit Agricole’s inaccessible site and app. 

The bank acknowledged a “technical incident,” promising swift resolution, though the message was later removed.

The issue appeared to stem from a DDOS attack by flooding servers to render them inaccessible, reads Le Parisien report.

Turk Hack Team, which was formed in 2022, has claimed responsibility, pledging further attacks on infrastructure and banking systems by aiming to escalate their attacks.

The group made the headlines for attacking La Poste Services (Postal service company) and ANSSI, the French cybersecurity agency, with possible damage in Belgium. 

Threat actors were motivated by politics, and they targeted French entities in response to arms deliveries to Armenia. 

Last October, France’s former head diplomat mentioned agreements for future military equipment deliveries to Armenia, which sparked the group’s actions.

Despite traditionally relying on Moscow for arms and hosting Russian troops and a military base, Armenia seeks new Western partners as tensions with Russia rise.

Stay updated on Cybersecurity news, Whitepapers, and Infographics. Follow us on LinkedIn & Twitter.

Tushar Subhra

Tushar is a Cyber security content editor with a passion for creating captivating and informative content. With years of experience under his belt in Cyber Security, he is covering Cyber Security News, technology and other news.

Recent Posts

Nearest Neighbor Attacks: Russian APT Hack The Target By Exploiting Nearby Wi-Fi Networks

Recent research has revealed that a Russian advanced persistent threat (APT) group, tracked as "GruesomeLarch"…

1 day ago

240+ Domains Used By PhaaS Platform ONNX Seized by Microsoft

Microsoft's Digital Crimes Unit (DCU) has disrupted a significant phishing-as-a-service (PhaaS) operation run by Egypt-based…

2 days ago

Russian TAG-110 Hacked 60+ Users With HTML Loaded & Python Backdoor

The Russian threat group TAG-110, linked to BlueDelta (APT28), is actively targeting organizations in Central…

2 days ago

Earth Kasha Upgraded Their Arsenal With New Tactics To Attack Organizations

Earth Kasha, a threat actor linked to APT10, has expanded its targeting scope to India,…

2 days ago

Raspberry Robin Employs TOR Network For C2 Servers Communication

Raspberry Robin, a stealthy malware discovered in 2021, leverages advanced obfuscation techniques to evade detection…

2 days ago

145,000 ICS Systems, Thousands of HMIs Exposed to Cyber Attacks

Critical infrastructure, the lifeblood of modern society, is under increasing threat as a new report…

2 days ago