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Elephant Beetle: Stealthy Hacker Group Stole Millions Undetected

Posted on February 18, 2022 by Dissent

Damir Mujezinovic reports:

Israeli cybersecurity firm Sygnia released a report in January 2022 revealing that a hacker group dubbed Elephant Beetle siphoned off millions from businesses in the financial sector in Latin America.

[…]

To carry out its Java-based attacks, Elephant Beetle uses a wide arsenal of more than 80 unique tools and scripts, the researchers wrote in their report. The amount of money stolen in a single transaction is so insignificant that it is almost completely unnoticeable, but the transactions add up to millions of dollars over time.

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Category: Commentaries and AnalysesFinancial SectorNon-U.S.

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