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Polish banks investigating massive network attack

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February 6, 2017

This morning we learned that Polish banks are currently investigating a huge network hacking attack after some pieces of malware were discovered on several companies' workstations.

The source of the executables appear to be the sector's own financial regulator, the Polish Financial Supervision Authority (KNF).

A spokesman for the KNF confirmed that their internal systems had been compromised by someone "from another country".

However, when it was discovered that the regulator's servers themselves were hosting malicious files that were then infecting banks' systems, the decision was made to take down the KNF's entire system in order to secure evidence.

According to one cyber security website that spoke to a number of banks and carried out a preliminary analysis, a number of banks confirmed that they had seen unusual network traffic and found encrypted executables on several servers.

The details were rapidly shared between the group of roughly twenty commercial banks in the country and then other banks started reporting the same issues as well.

Ironically, it's the KNF that sets cybersecurity standards for Polish banks but it is also believed that a modified JS file resulted in some visitors to the regulator's site loading an external JS file which then pulled down malicious payloads simultaneously.

Both the KNF and the Polish government have since told local media in Poland that there is no indication that people's money was taken and have given tentative assurances that no operations were affected. But they also stressed that investigations were currently ongoing.

The issue is being seen as the most serious attack ever committed on the Polish banking system, and has more than one banking executive up at night.

Source: The Polish Financial Supervision Authority (KNF).

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