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Threat Defiance Report

root9B Uncovers Planned Sofacy Cyber Attack Targeting Several International and Domestic Financial Institutions

root9B, a root9B Technologies company (OTCQB: RTNB), a leading provider of advanced cybersecurity services and training for commercial and government clients, announced today that it had uncovered plans by the Sofacy group (APT28), a known Russian hacking organization, to target several international financial institutions.

While performing surveillance for a root9B client, the company discovered malware generally associated with nation state attacks. It is the first instance of a Sofacy or other attack being discovered, identified and reported before an attack occurred.

"Our team did an amazing job of uncovering what could have been a significant event for the international banking community," said Eric Hipkins, root9B Chief Executive Officer. "We've spent the past three days informing the proper authorities in Washington and the UAE, as well as the CISOs at the financial organizations."

The banks identified as potential targets in the pending attack are TD Bank, Bank of America, UAE Bank, and other organizations including the United Nations Children's Fund, United Bank for Africa and Regions Bank.

"While none of the targeted organizations are clients of root9B, we felt it imperative to disclose the findings to them, and as broadly as possible to the security community," said Hipkins. "In previous instances, attacks have been dissected after the event. Our HUNT platform delivers a pro-active defense protection capability to identify, pursue and mitigate cyber threats. This is a first in our industry."