Cybersecurity incident
Date: 2020-12-24 00:00:00
Affected organization: BitGrail
Affected country: Italy
Industry: Finance and Insurance
Event type: Exploitive
Event subtype: Exploitation of Application Server
Motive: Financial
Actor: Undetermined
Actor type: Criminal
Actor country: Undetermined
Description: A former BitGrail administrator has been found to be responsible for a 120 million euro fraud that was the result of a bug exploit. The defendant in the case purposefully failed to fix the bug and allowed hackers to steal from BitGrail.