Truist Bank confirms data breach following hack

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Truist Bank confirms data breach following hack
Truist Bank confirms data breach following hack

The hacker, known only as Spld3r, is allegedly offering $1 million for the sale of data on 65,000 employees. James Hub, an intelligence analyst at Dark Tower, claims that the data also contains account information, bank transactions, and the source code for Truist’s IVR system.

In October 2023, a hack resulted in a data breach that US-based Truist Bank has confirmed. Following a threat actor’s posting of some bank data for sale on a hacker site, this confirmation was made. With $535 billion in assets, the Charlotte, North Carolina-based bank—which was created through the 2019 merger of SunTrust Banks and BB&T—now stands among the top 10 U.S. commercial banks. Truist offers a variety of services, such as wealth management, payments, insurance, and business and consumer banking.

The hacker, known only as Sp1d3r, is allegedly offering $1 million for the sale of data on 65,000 employees. James Hub, an intelligence analyst at DarkTower, claims that the data also contains account information, bank transactions, and the source code for Truist’s IVR system. A representative for Truist confirmed the hack, saying it was promptly fixed and looked into with the assistance of outside security experts. They guaranteed that more security measures were put in place and that clients who were impacted were informed. The representative emphasized that no proof of a Snowflake-related incident was discovered and further underlined that the breach is unrelated to the current Snowflake attacks.

Additionally, the hacker is selling data that was previously taken from Advance Auto Parts and cybersecurity company Cylance’s Snowflake accounts. Cylance verified the hack and stated that the information comes from a third-party site and spans the years 2015–2018. To safeguard its systems and data, Truist is still working with law enforcement and cybersecurity professionals. Although the investigation is still ongoing, there are currently no signs that the intrusion has led to fraud.

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