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Elephant Beetle: UNCOVERING AN ORGANIZED FINANCIAL-THEFT OPERATION

released on 2022-01-05 @ 03:26:55 PM
The Sygnia Incident Response team recently identified an organized and experienced threat group siphoning off funds from businesses in the financial sector by patiently studying the targets’ financial systems, injecting fraudulent transactions hidden among regular activity, and ultimately stealing millions of dollars. This group uses an array of tools and scripts to operate undetected for vast amounts of time. Sygnia refers to this threat as Elephant Beetle.