• Understanding the Evolve Bank Hack and Federal Reserve Hoax

  • Jul 2 2024
  • Length: 16 mins
  • Podcast

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Understanding the Evolve Bank Hack and Federal Reserve Hoax

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  • Summary

  • The conversation discusses a recent cybersecurity attack on Evolve Bank, which was initially mistaken for an attack on the Federal Reserve. The hackers, known as Lockbit, threatened to release sensitive information unless a ransom was paid. However, it was later revealed that the Federal Reserve was not hacked, and it was actually Evolve Bank that fell victim to the attack. The conversation also touches on the importance of strong cybersecurity practices for financial institutions and the role of ransomware negotiators. Please LISTEN 🎧 LIKE 👍🏿 and SHARE ❤️ Thanks! Socials: Website - https://www.heroesmediagroup.com/shows/the-other-side-of-the-firewall/ Audio - https://podcasts.apple.com/us/podcast/the-other-side-of-the-firewall/id1542479181 YouTube - https://www.youtube.com/@theothersideofthefirewall7511 Facebook - https://www.facebook.com/profile.php?id=61556539026086 Instagram - https://www.instagram.com/theothersideofthefw X (Twitter) - https://twitter.com/Ask_a_CISSP TikTok - https://www.tiktok.com/@ryanwilliams683 Medium - https://medium.com/@ryanwilliamssenior Subscribe to LinkedIn Newsletter - https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7172626552545865728 LinkedIn - https://www.linkedin.com/company/the-other-side-of-the-firewall/ Ryan on Twitter, LinkedIn, Clubhouse, and Threads - @ryrysecurityguy Chris on LinkedIn - https://www.linkedin.com/in/chrisabacon/ Daniel on LinkedIn - https://www.linkedin.com/in/daniel-acevedo-3a8b641b/ Chapters 00:00 Introduction and Podcast Overview 01:20 Debunking the Cyber Attack on the Federal Reserve 07:11 Switching Banks for Better Cybersecurity 09:24 Understanding the Federal Reserve 13:55 The Role of Ransomware Negotiators 15:35 Conclusion and Call to Action #cybersecurity #lockbit #ransomware
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