Source: BreachForums, Online Engagement
Source Reliability: Trustworthy
Information Reliability: Undecidable
Motivation: Cyber Crime
Source Category: HUMINT
Severity: Medium
Summary
Report Summary:
In this report, Threat Research recounts an online engagement with a Threat Actor (TA) known as ‘IntelBroker’ on the cybercrime forum ‘BreachForums’. The objective of the engagement was to investigate the sale of an exploit targeting a popular mobile banking application, which was estimated to have a user base of over 10 million individuals. Throughout the engagement, the TA revealed that the targeted application belonged to Revolut, a prominent neobank and financial technology company based in London.
The report begins by providing an overview of the online engagement process and its significance in gathering intelligence on cybercriminal activities. The researchers emphasize the ethical considerations and precautions taken to ensure the safety of all parties involved. By adhering to strict guidelines, they aimed to minimize any potential harm or legal implications associated with engaging with a threat actor.
Next, the report delves into the details of the targeted mobile banking application. The application, widely used by millions of users, presented an appealing target for cybercriminals seeking to exploit vulnerabilities. The researchers note that the precise identity of the application was initially undisclosed, but the TA claimed it to be Revolut—a well-known global neobank and fintech company headquartered in London.
The report further explores Revolut’s background and prominence in the financial technology industry. The researchers highlight the company’s rapid growth and its extensive user base, acknowledging the potential impact of a successful exploit on such a widely used platform. The implications range from financial losses for individuals and the company to significant reputational damage.
Regarding the TA’s claims, the researchers provide an analysis of the credibility and veracity of the information shared during the engagement. They evaluate the potential motivations of the TA, such as financial gain, insider knowledge, or malicious intent. Additionally, the report discusses the potential risks and challenges associated with relying solely on information from a threat actor.
Lastly, the report concludes by emphasizing the necessity for immediate action to mitigate the potential risks identified during the engagement. It highlights the importance of collaboration between cybersecurity professionals, financial institutions, and technology companies like Revolut to address vulnerabilities and safeguard users’ financial data. The report suggests that Revolut should be made aware of the potential threat to their mobile banking application and advises implementing enhanced security measures to prevent exploitation.
In conclusion, this report provides an account of an online engagement with a threat actor operating on a cybercrime forum. It reveals the identity of the targeted mobile banking application as Revolut, a globally recognized neobank. The report emphasizes the need for prompt action to protect users and urges collaboration between industry stakeholders to enhance security measures.
