Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybercrime

Iranian Hackers Caused Losses in Hundreds of Millions: Report

Iranian hackers working to penetrate systems, businesses and governments around the world have caused hundreds of millions of dollars in damages, a report said Wednesday.

Iranian hackers working to penetrate systems, businesses and governments around the world have caused hundreds of millions of dollars in damages, a report said Wednesday.

Researchers for tech giant Microsoft said the attackers stole secrets and wiped data from computer networks after targeting thousands of people at some 200 companies over the past two years, according to The Wall Street Journal.

Microsoft did not immediately respond to an AFP query on the report.

The Journal said Microsoft traced the attacks to Holmium, a group linked to Iran, and that some of the hacking was done for Holmium by another Iranian group known as APT33.

John Lambert, the head of Microsoft’s Threat Intelligence Center, told the newspaper the attacks were “massively destabilizing events.”

The report said the hackers notably targeted oil-and-gas companies, heavy-machinery manufacturers and international conglomerates in Saudi Arabia, Germany, Britain, India and the United States.

Advertisement. Scroll to continue reading.

In 2017, the security firm FireEye blamed APT33 for destructive malware that targeted organizations in the Middle East and elsewhere.

The news comes with Iran, according to security experts, seeking to step up its cyber capabilities amid increasing efforts by the United States to isolate the Islamic regime.

Written By

AFP 2023

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing for the latest cybersecurity threats, trends, and expert insights.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join this live webinar as we explore if detection-first security operations can keep pace with AI, or if it’s time to rethink prevention as the strongest default.

Register

CodeSecCon bridges the gap between dev and security. Discover best practices for secure coding, innovative risk-reduction tools, and safe AI integration to cultivate a true DevSecOps culture. Safely secure your apps!

Register

People on the Move

Erika Dean has been appointed Chief Information Security Officer at Tricentis.

C1 has named Jeff St. Clair Chief Revenue Officer.

John Opala has joined Ralph Lauren as Chief Information Security Officer.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.