Category | Details |
---|---|
Threat Actors | Scattered Spider, BlackCat (ALPHV), financially motivated groups. |
Campaign Overview | SIM swapping used to hijack phone numbers, bypass 2FA, manipulate financial accounts. |
Target Regions (Or Victims) | Financial institutions, government agencies, MGM Resorts, Bank of America customer. |
Methodology | Social engineering, SIM swapping, MFA bypass, impersonation tactics. |
Product Targeted | Financial accounts, social media platforms, SEC’s Twitter account. |
Malware Reference | Not explicitly mentioned. |
Tools Used | Dark web monitoring tools (e.g., SOCRadar platform). |
Vulnerabilities Exploited | SMS-based 2FA, weak telecom protocols, lack of employee awareness. |
TTPs | – Social engineering – SIM hijacking – MFA bypass – Phishing – Data interception. |
Attribution | Scattered Spider (affiliated with BlackCat/ALPHV ransomware gang). |
Recommendations | – Strong MFA (e.g., biometrics) – Employee training – Secure communications – Dark web monitoring – Partnering with cybersecurity experts. |
Source | SOCRadar |
Read full article: https://socradar.io/sim-swapping-attacks-financial-institutions/
The above summary has been generated by an AI language model
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