Federal Reserve Hacked

[NotATether]

The US Federal Reserve was "bugged" (LOL) not by inflation this time, but by hackers from LockBit, which the FBI keeps taking down when they re-appear like whack-a-mole.

So in, uh, 12 hours, they are threatening to leak all 33 terabytes of this data to the public if they do not get a ransom.

It seems like a pretty big deal, so I'm not sure why this isn't getting more attention.

https://securityaffairs.com/164873/cyber-crime/lockbit-claims-hacked-us-federal-reserve.html

[SamReomo]

LockBit hackers should keep in mind that they won't get any Ransom amount even if they get it then again FBI will be able to track them.

33 Terabytes is a lot of information and if it somehow gets leaked then it could cause huge trouble for Federal reserve.

I believe FBI will manage to track those hackers and put them behind bars.

[TomPluz]

It seems like a pretty big deal, so I'm not sure why this isn't getting more attention.

The US Federal Reserve is very careful with this development as this is the country's symbol of strength and reliability. Now, this is telling us that no one is really safe in today's modern era where everything is connected online so much so that a government agency that I assumed is taking all the measures and the technology available into protecting its data can still be hacked and be laughed at by successful hackers. No wonder that we in the cryptocurrency industry is also hearing hacks and breaches from time to time. For now, hackers are ahead in this game of wreaking havoc institutions and I am sure that they are really getting something big - money, prestige or both - for every successful intrusion. Hacking is now a big business and even allowing North Korea to get the funds needed to sustain its ideocracy system. We are entering a very dangerous time when war can also be waged digitally and we are witnessing this reality right now in our very eyes.

[ABCbits]

It seems like a pretty big deal, so I'm not sure why this isn't getting more attention.

It would gain more attention if LockBit provide sample of the hacked data, especially if it contain data of politician or other public figure. It's really weird they don't do that, when other hacker who expect money (either for selling or not releasing it) usually provide sample, either publicly or to certain group.

[Yamane_Keto]

LockBit hackers should keep in mind that they won't get any Ransom amount even if they get it then again FBI will be able to track them.

Such attacks are pre-financed, or those who carry them out are hired and given high salaries, or they are persecuted. Whoever carries out such attacks will carefully choose the country from which the attack begins, and the last thing he will be looking for is money.
There are 8 hours left to implement their threat, but I do not expect them to publish any statements publicly.

[Stompix]

It seems like a pretty big deal, so I'm not sure why this isn't getting more attention.

Because all services are up and running with no hiccups and lately LockBit is known for making empty threats, especially after they have been crippled by the February raids?
Their claims about Trump documents, then about hacking the FBI servers, delisting agencies from their "wall of shame" claiming the ransom was paid when in fact their decryptors have been seized and the FBI is decrypting almost all their files?

They have one day to prove it, also I don't know why they don't publish them anyhow that would be a bigger hit than the money earned!

[dkbit98]

The US Federal Reserve was "bugged" (LOL) not by inflation this time, but by hackers from LockBit, which the FBI keeps taking down when they re-appear like whack-a-mole.

First time I heard about this new but I don't believe the official version of some unknown hackers attacked them and stole data from them.
This could however be a ''good' excuse for them to use this in some next financial crisis or world war and blame everything on Russian hackers... who else 
Everyone should research history of Federal Reserve scam and all recent chairmans.

[NotATether]

Well it seems that they weren't making empty threats this time.

https://cybernews.com/news/lockbit-ransomware-us-federal-reserve-published/

One of the files related to Evolve Bank and Trust, a bank that the Federal Reserve was investigating, was leaked. By "file" I don't just mean one document, but an entire cache, a torrent even. Because how would they make anybody download this without a torrent, right?

I think they might publish more stuff. There's no reason for them to hold back I guess.

[Stompix]

Just as I thought, again some big mouth threats because the FBI released the crypto lockers they got from the server seizures, and Lokcbit as usual is throwing a tantrum just like before.

“This won't be the first time the group has made false claims, the group had even claimed the FBI as one of its victims out of frustration,” Verma said, referring to February’s temporary takedown of the group, dubbed Operation Cronos.

Common, they had 33TB of sensitive data that might rank in top3 in the world and they would simply just keep it hidden for a ransom, yeah right!

[NotATether]

“This won't be the first time the group has made false claims, the group had even claimed the FBI as one of its victims out of frustration,” Verma said, referring to February’s temporary takedown of the group, dubbed Operation Cronos.

Common, they had 33TB of sensitive data that might rank in top3 in the world and they would simply just keep it hidden for a ransom, yeah right!

33TB is a lot of data, so it makes me wonder how anybody is supposed to fit the whole dump on their drives given that most people are not in possession of a network-attached-storage (NAS) where you can just keep adding 4TB disks until you got enough to store everything.

Maybe they'll just dink it to Internet Archive if they haven't already.

[Kemarit]

Well it seems that they weren't making empty threats this time.

https://cybernews.com/news/lockbit-ransomware-us-federal-reserve-published/

One of the files related to Evolve Bank and Trust, a bank that the Federal Reserve was investigating, was leaked. By "file" I don't just mean one document, but an entire cache, a torrent even. Because how would they make anybody download this without a torrent, right?

I think they might publish more stuff. There's no reason for them to hold back I guess.

How big is Evolve Bank and Trust though? as it was reported that it was only a small financial services company in the US.

And according to them,

UPDATE: June 26, 2024 12:00pm CT: Our investigation confirms, at this time, Evolve retail banking customers’ debit cards, online, and digital banking credentials do not appear to be impacted by the cybersecurity incident. Those credentials appear to be secure.

https://www.getevolved.com/about/news/cybersecurity-incident/

[robelneo]

This is very alarming, but only if they can prove that they indeed hacked the Federal reserves,

Many experts are skeptical about the criminal group’s announcement. The Federal Reserve is a high-profile target, and a data breach could have serious repercussions. Many believe that the group’s announcement is just for attention.

So, they have to prove that these experts are wrong. They are not just talking to impress or scare; they are not hacking a small institution. Based on what I watched in movies, the US has all the means and tools to track them and make them pay, which is just a small piece of information on what the US can do.

[dkbit98]

33TB is a lot of data, so it makes me wonder how anybody is supposed to fit the whole dump on their drives given that most people are not in possession of a network-attached-storage (NAS) where you can just keep adding 4TB disks until you got enough to store everything.

I don't think space or hard drives is problem for anyone and they are not that expensive like few years ago.
There are many times bigger hard drives available in the market for years, currently ExaDrive has 100TB drive, but Seagate had 60 TB drive since 2016, and there are plenty of other 30 TB drives.

Interesting fact, Federal Reserve is privately owned and its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of US government.
But I am sure FactCheckers will say this is not true.

[Baofeng]

This is very alarming, but only if they can prove that they indeed hacked the Federal reserves,

Many experts are skeptical about the criminal group’s announcement. The Federal Reserve is a high-profile target, and a data breach could have serious repercussions. Many believe that the group’s announcement is just for attention.

So, they have to prove that these experts are wrong. They are not just talking to impress or scare; they are not hacking a small institution. Based on what I watched in movies, the US has all the means and tools to track them and make them pay, which is just a small piece of information on what the US can do.

It's two fold here, the Federal Reserved doesn't want to admit to the hack because obviously it will be a slap in their face and probably could have talk to the bank that the hackers have released the personal info to the wild and not admit that they have been compromised.

Or it could really be true and the initial information that they have released could come to their hacks but the government is simply denying it. Or this is not true at all and there were not hacks. So it depends on who we believed here.

[Captain Corporate]

I do doubt it as well, I do not believe it, but lets assume for a moment that it is true, even in that case they have nothing to worry about because they will catch the hackers one way or another. You could hide in china or russia, and you would still be caught and nothing will save you. So these hackers messed with the wrong powerful group, and I think even if they do get paid eventually, they will realize that the money is not spendable at all. This is going to be a great story to follow to see how it unfolds, but I will probably forget about it by tomorrow, too many things happens in the world every day.