European Banking Authority under the trap of cyber-attack

European Banking Authority under the trap of cyber-attack: A sophisticated attack on Microsoft’s Exchange Server are now being used in widespread attacks against thousands of organisations with potentially tens of thousands of organisations affected.

 

The report even coming from the European Banking Authority (EBA) has taken all email systems offline after being hit by a cyber-attack targeting their Microsoft Exchange Servers. The attack, which Microsoft has said started with a Chinese government-backed hacking group, has so far claimed at least 60,000 known victims globally, according a former senior U.S. official with knowledge of the investigation.

 

The widely used business email software is facing a global cybersecurity crisis, as hackers race to infect as many victims as possible before companies can secure their computer systems.

 

There are multiple hacking groups across the world exploiting vulnerabilities to backdoor unpatched servers. Microsoft issued emergency patches on Tuesday last week, but they do nothing to disinfect systems that are already compromised.

The EBA don’t have any clue on the personal data through emails held on MS Exchange servers have compromised by the hacker. As a precautionary measure, the EBA has decided to take its email systems offline....Read More