Hackers Attack European Investment Bank

Last week, hackers promised to attack European and US banks, SWIFT, the US Federal Reserve and “impose sanctions” on European bank transfer systems SEPA, IBAN, WIRE, SWIFT, WISE. On June 19, 2023, the Killnet Telegram channel announced the launch of their “destructive campaign” against the European banking sector and reported that they had paralyzed the infrastructure of the European Investment Bank (EIB).

What is the European Investment Bank?

The EIB is an EU institution that was created to finance the development of backward regions through long-term loans. The authorized capital is 248.8 billion euros. The bank is financed through contributions from EU member states.

EIB Confirms Attack

The financial institution’s Twitter has already posted a message confirming that eib.org and eif.org may be down due to a cyberattack. Representatives of the bank have not yet reported any details of what is happening, but note that they are already “responding to the incident.”
According to Mash, the hackers plan to keep the EIB and its functionality out of service for at least 10 days, and are also going to “keep the hijacked websites of financial institutions while moving to new ones.”
The attack on the EIB is part of a larger campaign against the banking sector in Europe. The hackers have already managed to paralyze the EIB’s grid infrastructure, and it is unclear what other targets they have in mind.

What Can We Do?

The attack on the EIB is a stark reminder of the importance of cybersecurity in the banking sector. Banks must take steps to protect their infrastructure from cyberattacks, including investing in the latest security technologies and training their staff on cybersecurity best practices.
At the same time, governments must also take steps to ensure that the banking sector is adequately protected. This includes introducing legislation that requires banks to adhere to certain cybersecurity standards and providing financial institutions with the resources they need to protect themselves.
The attack on the EIB is a wake-up call for the banking sector. Banks must take steps to protect their infrastructure, and governments must ensure that the banking sector is adequately protected. Only then can we be sure that our financial institutions are safe from cyberattacks.