5/18/2023 0 Comments Last horizon hackedLondon-based blockchain analysis provider Elliptic, which has published an analysis of the attack, writes that the hackers converted the stolen assets to 85,837 ETH through Tornado Cash, a mixer commonly used to launder illegally obtained crypto. The attacker stole $100 million in crypto assets, including Ethereum (ETH), Binance Coin, Tether, USD Coin and Dai. crypto startup Harmony warned of a “malicious attack” on its Horizon Bridge, a cross-chain bridge that allows users to transfer their crypto assets from one blockchain to another. In the case of First Horizon’s attack, it may have involved third-party software varying from a virtual private network or software libraries providing onetime passcodes.Researchers have linked Lazarus Group, a notorious North Korean state-backed hacking group, to the theft of $100 million in crypto assets from Harmony’s Horizon Bridge. Threat actors exploit vulnerable technology, often simultaneously with illegal credentials they may have acquired. While there is no further information on the used third-party software, specialists argue that the incident should serve as a warning for IT security teams that layered defenses are essential today. The financial services company also informed data regulators and law enforcement services and opened new banking accounts for the impacted clients.īased on its ongoing assessment of the incident to date, the Company does not believe that this event will have a material adverse effect on its business, results of operations, or financial condition. Using the credentials and exploiting a vulnerability in third-party security software, the unauthorized party gained unauthorized access to under 200 online customer bank accounts, had access to personal information in those accounts, and fraudulently obtained an aggregate of less than $1 million from some of those accounts.įirst Horizon, formerly known as First Tennessee Bank, declared that it had remediated the software vulnerability, reset the impacted customer passwords and all its affected clients were reimbursed for their stolen money. ![]() Threat actors obtained access to over 100 online clients’ bank accounts and managed to steal less than $1 million from the compromised accounts.īesides the employment of stolen customer credentials, the attack seemed to have relied also on the exploitation of a vulnerability within the financial services company. Last week, First Horizon Bank declared in a filing with the Securities and Exchange Commission (SEC) that the data breach, discovered in mid-April 2021, included a legitimate third party that gained login credentials from an unknown source and then tried to access customer accounts. The company provides financial services including banking, wealth management, insurance, and trading services. ![]() is the fourteenth oldest United States bank on the list of oldest banks in continuous operation. Its banking subsidiary, First Horizon (formerly First Tennessee), is the largest bank in Tennessee and the fourth largest regional banking company in the Southeast.įirst Horizon Corp. ![]() Financial services organization First Horizon Corporation has revealed it has suffered a data breach that saw clients’ accounts accessed and funds stolen.įirst Horizon Corporation is a bank holding company based in Memphis, Tennessee.
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