French government systems hacked - over 1.2 million private financial accounts hit

By Sead Fadilpa?i? published 5 hours ago

Login credentials stolen from a civil servant

Hackers breached France's FICOBA registry, stealing data on 1.2M bank accounts
Exposed details include IBANs, addresses, and taxpayer IDs, enabling SEPA debit fraud
Authorities pulled FICOBA offline, restored access, and are notifying affected users

The French national bank account registry (FICOBA), a state agency which manages a registry of all bank accounts in France, has suffered an attack which saw hackers gain information on 1.2 million user accounts, including some rather sensitivedata which could be leveraged in subsequent cyberattacks and scam campaigns.

The news was confirmed by the French Ministry of Finance, which said login credentials were stolen from a civil servant, and used to access a database containing all bank accounts opened in French banking institutions.

From there, the unidentified miscreants took data from 1.2 million user accounts, including bank account details (RIBs and IBANs), account holder identities, postal addresses and, in some cases, taxpayer identification numbers.

Not purely theoretical

While this information can be used in all sorts of fraudulent activities, perhaps the most worrying one is SEPA direct debit fraud.

In the Single Euro Payments Area (SEPA) system (of which France is a part), knowing someone's IBAN can allow a fraudster to initiate unauthorized direct debit mandates with certain merchants. Banks can reverse fraudulent debits, but victims will nonetheless experience financial loss and possible admin burden.

This isn't theoretical risk, either, as BleepingComputer notes banks were already notified of multiple email and SMS campaigns making rounds, trying to steal data or money directly from the recipients. French citizens and bank customers are advised to remain vigilant, not to respond to these emails, and to reach out to their bank directly with any questions. We don't know how successful these campaigns have been.

After discovering the attack, the French authorities restricted the access and pulled FICOBA offline. Since then, it has been restored and is currently operating as usual. Users affected by this attack are currently being notified one by one.


https://www.techradar.com/pro/security/french-government-systems-hacked-over-1- 2-million-private-financial-accounts-hit

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