Its hasn’t yet been diagnosed that what vulnerabilities hackers exploited which resulted in this breach. QNB is the countries first financial institution, which has experienced a cyber attack of such high velocity. The reason behind we rate this cyber attack of high velocity is because, the data has now entered the public realm and is available for download, reportedly containing sensitive corporate data and client financial information.
The Qatar news agencies has confirmed that; leaked data include the confidential files of Qatar secret service, security apparatus and even members of the ruling al-Thani family. We believe that hacking group behind the attack has been politically backed.
The deteriorating relationship between Iran and Middle East has been a big reason behind the attack. Iranian hackers has previously targeted Middle East corporations to create panic in the economy. The Bank released a small official statement that; “there is no financial impact on our clients or the bank.”
QNB is the second major bank this year; which has been the victim of cyber attack. Bangladesh Central Bank has been targeted recently which resulted in the heist of $1 billion. The growing number of banking institutions victimized recently had raised concerns about the cyber defense of world’s most powerful institutions.