Security Market Segment LS
Tuesday, 15 December 2020 06:13

Indian bank IDFC denies it was affected by Windows ransomware

Indian bank IDFC denies it was affected by Windows ransomware Pixabay

Two banks in India have been reported to be among the latest businesses to suffer from Windows ransomware attacks, with Nav Jeevan Co-operative Bank taking a hit from the Egregor ransomware while the IDFC First Bank was attacked by a gang using the Everest ransomware. But the latter has now denied it was affected.

Both organisations were contacted for comment on Saturday, but while both confirmed they had received iTWire's queries, neither has responded as yet.

However, IDFC contacted iTWire on Tuesday evening AEDT to deny that it had been the victim of any attack.

"The information about IDFC FIRST Bank given by you in the story is factually incorrect as no such ransomware has hit us. The bank maintains the highest level of security and its systems remain strong and resilient," a spokeswoman said.

Egregor has been in the news lately, especially after the ransomware group Maze announced it was shutting down.

At least one ransomware researcher, Brett Callow, who works with the New Zealand-headquartered security firm Emsisoft, believes that Egregor is just a new name for Maze.

The other ransomware, Everest, is less well-known. The alleged hit on IDFC First Bank appears to be part of a rash of operations around the same time, with one report stating that a number of organisations in Canada had also been affected by the same group.

However, the criminals behind Everest do not seem to always make believable claims. At least one of the organisations in Canada which they claimed to have hit — a major airport — told a news site that there was no evidence of a compromise to systems or infrastructure.

The Nav Jeevan bank is based in Ulhasnagar, which is part of the Mumbai metropolitan region, and was set up in 1985. The last profit figures given on its site, for 2017, show annual profit of about 13 billion rupees (A$233 million).

The gang behind the attack has leaked one file on the dark web, a zip archive of about 230MB.

IDFC is located in Chennai, in India's south, in a very posh area of the city. Its latest financial report showed a profit of eight billion rupees (A$144 million) for the first quarter of the 2021 financial year.

No documents from this attack have been leaked, but several screenshots, mostly of identity documents, have been uploaded to the dark web. The attackers claim to have stolen customer data, documents, copies of loan agreements and other important documents.

Read 7186 times

Please join our community here and become a VIP.

Subscribe to ITWIRE UPDATE Newsletter here
JOIN our iTWireTV our YouTube Community here


If you're looking at enabling Microsoft Teams for your contact centre, you should bookmark this webinar.

Marketing budgets are now focused on Webinars combined with Lead Generation.

Our panellists from Whangarei District Council (NZ) and Maurice Blackburn Lawyers (Aus) were closely involved in recent projects to enable Microsoft Teams for their own contact centres.

They have kindly agreed to join Enghouse and Microsoft to talk about some of the things they would recommend as most critical for IT and CX professionals planning a Teams Contact Centre migration.

Date: 11 May 2022
Time: 12pm AEST | 2pm NZST | 10am SGT

We look forward to having you join us. Please click the button below to register.



The past year has seen a meteoric rise in ransomware incidents worldwide.

Over the past 12 months, SonicWall Capture Labs threat researchers have diligently tracked the meteoric rise in cyberattacks, as well as trends and activity across all threat vectors, including:

Encrypted threats
IoT malware
Zero-day attacks and more

These exclusive findings are now available via the 2022 SonicWall Cyber Threat Report, which ensures SMBs, government agencies, enterprises and other organizations have the actionable threat intelligence needed to combat the rising tide of cybercrime.

Click the button below to get the report.



It's all about Webinars.

Marketing budgets are now focused on Webinars combined with Lead Generation.

If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site and prominent Newsletter promotion and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV which will be used in Promotional Posts on the iTWire Home Page.

Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinars and campaigns and assistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.

We look forward to discussing your campaign goals with you. Please click the button below.


Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

Share News tips for the iTWire Journalists? Your tip will be anonymous




Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News