Freedom Finance's customer data got leaked after employee fell for phishing attack

guest · Dec 29, 2020

Freedom Finance's customer data got leaked after employee fell for phishing attack
December 29, 2020
https://www.ehackingnews.com/2020/12/freedom-finances-customer-data-got.html

Broker Freedom Finance admitted the fact of hacking its internal network and stealing data leaks about 16,000 clients of the company for 2018. The founder and CEO of the company Timur Turlov announced this on Instagram.

He called the incident "an extremely unpleasant and shameful incident in information security", which occurred on December 24, and admitted: "We screwed up."
According to him, one employee of the company received a phishing email, which he opened and ran on the local machine despite the security warning. "And then all the weak points of our security were revealed," said Turlov.
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Almost no customers who opened accounts in the United States were affected. The broker's international clients were not affected either.
He assured that hackers did not get access to CRM, back-office reports, trading platform data, and also did not get customer passwords.

Turlov promised that the company will contact affected customers as soon as possible, tell them what documents have been made publicly available, and advise on how to minimize risks.
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Freedom Finance admits data leak of 16,000 clients

The broker Freedom Finance has admitted the leak of data on 16,000 clients, saying the data dated 2018, Timur Turlov, founder and general director of the broker, said on his Instagram account.

It was earlier reported that the broker client's data had appeared on several shadow forums. Ashot Oganesyan, founder of Data Leakage & Breach Intelligence (DLBI), reporters this information on his Telegram channel.
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"Why did they hack us? They had one simple goal: blackmailing with publication in the media for the purpose of extortion. A la, pay us a million dollars in bitcoins or we will send a press release saying that we have stolen your data to all media in the country and they will tear you apart. No one will investigate," Turlov said.

Freedom Holding Corp. offers financial services in seven countries. The company trades its shares on NASDAQ and is 72.7% owned by its CEO Timur Turlov. In Russia, the company operates through its subsidiary Freedom Finance and an eponymous bank.
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