Understanding the Evolve Bank Hack and Federal Reserve Hoax

The Other Side Of The Firewall

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.

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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