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.



Iran’s Khamenei Calls for Death Sentence for Israeli Leaders

A handout picture provided by the office of Iran's Supreme Leader Ali Khamenei shows him addressing the crowd during a meeting with members of the Basij volunteer militia in Tehran on November 25, 2024. (KHAMENEI.IR / AFP)
A handout picture provided by the office of Iran's Supreme Leader Ali Khamenei shows him addressing the crowd during a meeting with members of the Basij volunteer militia in Tehran on November 25, 2024. (KHAMENEI.IR / AFP)
TT

Iran’s Khamenei Calls for Death Sentence for Israeli Leaders

A handout picture provided by the office of Iran's Supreme Leader Ali Khamenei shows him addressing the crowd during a meeting with members of the Basij volunteer militia in Tehran on November 25, 2024. (KHAMENEI.IR / AFP)
A handout picture provided by the office of Iran's Supreme Leader Ali Khamenei shows him addressing the crowd during a meeting with members of the Basij volunteer militia in Tehran on November 25, 2024. (KHAMENEI.IR / AFP)

The supreme leader of Iran, which backs the Hamas and Hezbollah fighters combating Israel in Gaza and Lebanon, said on Monday that death sentences should be issued for Israeli leaders, not arrest warrants.

Ali Khamenei was commenting on a decision by the International Criminal Court to issue arrest warrants on Thursday for Israeli Prime Minister Benjamin Netanyahu, his former defense chief and a Hamas leader, Ibrahim Al-Masri.

"They issued an arrest warrant, that's not enough... Death sentence must be issued for these criminal leaders", Khamenei said, referring to the Israeli leaders.

In their decision, the ICC judges said there were reasonable grounds to believe Netanyahu and Yoav Gallant were criminally responsible for acts including murder, persecution and starvation as a weapon of war as part of a "widespread and systematic attack against the civilian population of Gaza".

The decision was met with outrage in Israel, which called it shameful and absurd. Gaza residents expressed hope it would help end the violence and bring those responsible for war crimes to justice.

Israel has rejected the jurisdiction of the Hague-based court and denies war crimes in Gaza.

The warrant for a Hamas leader, Ibrahim Al-Masri, lists charges of mass killings during the Oct. 7, 2023, attacks on Israel that triggered the war on the long-blockaded Palestinian enclave, and also charges of rape and the taking of hostages.

Israel has said it killed Masri, also known as Mohammed Deif, in an airstrike in July but Hamas has neither confirmed nor denied this.