Banks hit by cyberattack

by Charles Leaver

July 10, 2014

access_time 4 min read

The global hacking collective is comprised of so many shadowy figures that attempting to name them all would be an impossible task. But there are some hacking cooperatives that are more vocal than others, and the group Anonymous falls into this former category. Designed to be a loosely assembled global hacktivist group, Anonymous occasionally carries out high-profile attacks and uses the cybercriminal finesse of its members to make life difficult for big corporations and governments. Now banks in Norway have become the latest target of Anonymous, according to Digital Journal.


In typical show of force, Anonymous stages all attacks at once

Anonymous is an entity that likes to demonstrate its power through clear displays of cyber force. Thus, it should come as no surprise that when the Norwegian faction of Anonymous decided to target a series of banks in the country, it also made the decision to carry out the attacks at the exact same time. At a specific point on Tuesday, eight of the largest banks in the country fell into the clutches of the group, and the online payment systems at each of the eight financial institutions experienced significant malfunctions as a result of the attack.

"The extent of the attack is not the greatest we have seen, but it is the first time that such an attack has hit so many central agencies in the financial sector in Norway," Sverre Olesen, manager of Evry's security team, was quoted as saying.

Besides being a demonstration of cybercriminal showmanship, the simultaneity of the attacks points to the fact that virtual crime is becoming a more cohesive effort as criminals band together, swap notes, and create a unified front against targets - which includes basically any company.

Enjoying the spotlight
Most of the world's hackers aren't looking for credit - they're looking for quick cash. Get in and get out is the idea. But such is not the case with Anonymous, a group that enjoys the limelight despite not being publicly linked to any one person.

In the wake of the Norwegian banks attack, the hacktivist group didn't waste any time in coming out publicly and taking credit for the attacks, according to allvoices. The group's efforts not only resulted in disruptions of the banks' online pay platforms, but also led to significant difficulties for clients of the banks.

This incident highlights the importance for all enterprises of implementing the type of endpoint threat detection and response resources that will prevent such a devastating incident from occuring.