Truist Bank, one of the largest commercial banks in the United States, has confirmed a cybersecurity breach after stolen data appeared for sale on a hacking forum. The breach, which occurred in October 2023, was brought to light when a threat actor, identified as Sp1d3r, posted the bank’s data online.
Details of the Breach
Headquartered in Charlotte, North Carolina, Truist Bank was formed in December 2019 through the merger of SunTrust Banks and BB&T (Branch Banking and Trust Company). The bank, now with total assets of $535 billion, offers a variety of financial services, including consumer and small business banking, commercial banking, corporate and investment banking, insurance, wealth management, and payment services.
The breach reportedly involves sensitive information from 65,000 employees, including bank transactions with names, account numbers, balances, and the source code for Truist’s Interactive Voice Response (IVR) system. Sp1d3r is attempting to sell this data for $1 million, according to DarkTower intelligence analyst James Hub, who first spotted the listing.
In a statement, a Truist Bank spokesperson confirmed the October 2023 cybersecurity incident and emphasised that it was swiftly contained. The bank worked with external security consultants to investigate the breach, enhance security measures, and notify affected clients. Initially, only a small number of clients were informed, but additional clients have been notified as the investigation continues to uncover ne
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