Ransomware

Truist Bank Data Breach And Kulicke & Soffa Cyberattacks

The Truist Bank breach sells for $1M, compromising data of 65K employees, bank transactions, and IVR funds transfer source code.

by Ashish Khaitan June 13th, 2024

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A threat actor on a dark web forum has listed data from Truist Bank for sale following a cyberattack on the banking institution. Meanwhile, Kulicke and Soffa Industries, Inc. (K&S) is also dealing with a data breach.

Reports indicate that Truist Bank client data, including sensitive information such as employee details and bank transactions, has been put up for sale on the dark web. The alleged Truist Bank data leak is attributed to a threat actor known as Sp1d3r.

The data, reportedly obtained via the Snowflake breach, raises questions about the security measures in place at Truist Bank.

Truist Bank Data Breach Allegedly Goes on Sale on Dark Web

According to the threat actor’s post, the Truist Bank data breach is now selling for $1 million. The compromised data includes details of 65,000 employees, bank transactions containing names, account numbers, balances, and the source code for IVR funds transfers.

Source: Dark Web

The post by the threat actor provides specific information about the data for sale and contact details for purchase. Additionally, the post includes various usernames, threads, reputation points, and contact information such as XMPP handles and email addresses associated with the threat actor.

Meanwhile, Kulicke and Soffa Industries, a renowned semiconductor and electronics manufacturing company, disclosed a breach compromising millions of files. Initially detected on May 12, 2024, the breach exposed critical data, including source codes, engineering information, and personally identifiable information.

Two Cybersecurity Incidents at Once

In response to the Kulicke and Soffa data breach, K&S swiftly initiated containment measures in collaboration with cybersecurity experts and law enforcement agencies. The company’s cybersecurity team worked diligently to isolate affected servers and prevent further intrusion. Despite the breach, K&S remains committed to safeguarding its systems and data integrity.

In a filing with the U.S. Securities and Exchange Commission (SEC), K&S detailed its efforts to mitigate the impact of the breach. The company assured stakeholders that, as of the filing date, the incident had not materially disrupted its operations. However, investigations are ongoing to ascertain the full extent of the breach and increase the cybersecurity measures in place.

The Truist Bank data breach and the Kulicke and Soffa cyber incident highlight the persistent threat of cyberattacks faced by organizations worldwide. While both entities are actively addressing the breaches, the incidents highlight a broader case of cybersecurity measures and their impact in safeguarding sensitive information and maintaining trust in the digital age.

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