A cybercriminal has hacked into a Sharjah bank and leaked confidential data using Twitter

According to a report in EXPRESS, the hacker who goes by the name ‘Hacker Buba’ used a stolen picture of a bank employee and said he would not stop until the bank pays him ransom money in digital currency Bitcoin.

True to his word, he has been posting the account statements of government entities and scores of UAE firms and individuals daily since November 18.

On November 23, the bank got Twitter to suspend Hacker Buba’s account but the reprieve was short-lived. The following day, he created a new identity and was back with a vengeance, uploading account statements of 500 bank customers in just one tweet attachment. Earlier, Hacker Buba had sent warning text messages and emails to several bank customers, saying their accounts were under his “control” and that they must pay him directly or get their bank to do so failing which he would release their bank statements online. Hours later he carried out the threat, creating panic among customers.

The bank admitted the cyber-attack and confirmed they have been sent a ransom note.

“Yes, there was a data breach and we have been contacted by Hacker Buba. He is asking for money but I cannot reveal how much. This is blackmail. We have reported the matter to UAE Central Bank. The Telecom Regulatory Authority’s (TRA) Computer Emergency Response Team (aeCERT) is investigating,” the bank’s chief financial and operating officer told XPRESS.

“We won’t give in to any extortion threat. In any case there has been no financial loss. All what this man has is some customer information and he’s trying to use it as a bargaining chip,” he added.

More Here [gdnonline]

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