Iran Pays Millions in Ransom to End Cyberattack on Banks

Iranians at a bank branch in Tehran (IRNA)
Iranians at a bank branch in Tehran (IRNA)
TT

Iran Pays Millions in Ransom to End Cyberattack on Banks

Iranians at a bank branch in Tehran (IRNA)
Iranians at a bank branch in Tehran (IRNA)

A massive cyberattack that hit Iran last month threatened the stability of its banking system and forced the country's regime to agree to a ransom deal of millions of dollars, POLITICO reported on Thursday.

The newspaper said an Iranian firm paid at least $3 million in ransom last month to stop an anonymous group of hackers from releasing individual account data from as many as 20 domestic banks in what appears to be the worst cyberattack the country has seen, quoting industry analysts and western officials briefed on the matter.

A group known as IRLeaks, which has a history of hacking Iranian companies, was likely behind the breach, the officials said.

The hackers are said to have initially threatened to sell the data they collected, which included the personal account and credit card data of millions of Iranians, on the dark web unless they received $10 million in cryptocurrency, but later settled on a smaller sum.

Iran’s authoritarian regime pushed for a deal, fearing that word of the data theft would destabilize the country’s already-wobbly financial system, which is under intense strain amid the international sanctions the country faces, the officials said.

Iran never acknowledged the mid-August breach, which forced banks to shut down cash machines across the country.

IRleaks entered the banks’ servers via a company called Tosan, which provides data and other digital services to Iran’s financial sector, the officials said.

Using Tosan, the hackers appear to have siphoned data from both private banks and Iran’s central bank. Of Iran’s 29 active credit institutions, as many as 20 were hit, including the Bank of Industry and Mines and the Post Bank of Iran.

Though the attack was reported at the time by Iran International, an opposition news outlet, neither the suspected hackers nor the ransom demands were disclosed.

Iran’s supreme leader delivered a cryptic message in the wake of the attack, blaming the US and Israel for “spreading fear among our people,” without acknowledging the country’s banks were under assault.

Despite the growing tensions between Iran and both the US and Israel, people familiar with the Iranian banking hack told POLITICO that IRLeaks is affiliated with neither the US nor Israel.



Large Earthquake Hits Battered Vanuatu

A vehicle is trapped beneath a collapsed building following a strong earthquake in Port Vila, Vanuatu, December 17, 2024, in this screengrab taken from a social media video. Jeremy Ellison/via Reuters
A vehicle is trapped beneath a collapsed building following a strong earthquake in Port Vila, Vanuatu, December 17, 2024, in this screengrab taken from a social media video. Jeremy Ellison/via Reuters
TT

Large Earthquake Hits Battered Vanuatu

A vehicle is trapped beneath a collapsed building following a strong earthquake in Port Vila, Vanuatu, December 17, 2024, in this screengrab taken from a social media video. Jeremy Ellison/via Reuters
A vehicle is trapped beneath a collapsed building following a strong earthquake in Port Vila, Vanuatu, December 17, 2024, in this screengrab taken from a social media video. Jeremy Ellison/via Reuters

A magnitude-6.1 earthquake rattled buildings on Vanuatu's main island early Sunday but did not appear to have caused major damage, five days after a more powerful quake wreaked havoc and killed 12 people.

The nation's most populous island, Efate, is still reeling from the deadly 7.3-magnitude temblor on Tuesday, which toppled concrete buildings and set off landslides in and around the capital of Port Vila.

The latest quake occurred at a depth of 40 kilometers (25 miles) and was located some 30 kilometers west of the capital, which has been shaken by a string of aftershocks.

No tsunami alerts were triggered when the temblor struck at 2:30 am Sunday (1530 GMT Saturday).

Port Vila businessman Michael Thompson told AFP the quake woke his family.

"It gave a better bit of a shake and the windows rattled a little bit, it would have caused houses to rattle," he said.

"But you know, no movement other than a few inches either way, really. Whereas the main quake, you would have had like a meter and a half movement of the property very, very rapidly and suddenly.

"I'd describe this one as one of the bigger aftershocks, and we've had a fair few of them now."

Thompson said there was no sign of further damage in his immediate vicinity.

The death toll remained at 12, according to government figures relayed late Saturday by the United Nations' humanitarian affairs office.

It said 210 injuries had been registered while 1,698 people have been temporarily displaced, citing Vanuatu disaster management officials.

Mobile networks remained knocked out, making outside contact with Vanuatu difficult and complicating aid efforts.

In addition to disrupting communications, the first quake damaged water supplies and halted operations at the capital's main shipping port.

The South Pacific nation declared a seven-day state of emergency and a night curfew following the first quake.

It announced Saturday it would lift a suspension on commercial flights in an effort to restart its vital tourism industry.

The first were scheduled to arrive on Sunday.

Rescuers Friday said they had expanded their search for trapped survivors to "numerous places of collapse" beyond the capital.

- Still searching -

Australia and New Zealand this week dispatched more than 100 personnel, along with rescue gear, dogs and aid supplies, to help hunt for trapped survivors and make emergency repairs.

There were "several major collapse sites where buildings are fully pancaked", Australia's rescue team leader Douglas May said in a video update on Friday.

"We're now starting to spread out to see whether there's further people trapped and further damage. And we've found numerous places of collapse east and west out of the city."

Thompson said power had been restored to his home on Saturday but said many others were still waiting.

"We're hearing a lot of the major businesses are still down, supermarkets are trying to open back up," he said.

"So this is very different to what's happened with disasters here in the past.

"Cyclones destroy everything outside, whereas earthquakes really destroy a lot of infrastructure inside the buildings."

Vanuatu, an archipelago of some 320,000 inhabitants, sits in the Pacific's quake-prone Ring of Fire.

Tourism accounts for about a third of the country's economy, according to the Australia-Pacific Islands Business Council.