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Ars Technica
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Israel-tied Predatory Sparrow hackers are waging cyberwar on Iran’s financial system
- The Israel-linked hacker group Predatory Sparrow has been conducting destructive cyberattacks on Iran, targeting its financial system.
- They recently attacked the Iranian crypto exchange Nobitex, destroying over $90 million in holdings and accusing the exchange of supporting terrorism and violating sanctions.
- In a separate attack on Iran's Sepah bank, they claimed to have destroyed all the bank's data, citing associations with the Islamic Revolutionary Guard Corps.
- The cyberattacks have caused disruptions, with reports suggesting Sepah's online banking and ATMs being offline, affecting civilians' access to funds.
- Predatory Sparrow's sabotage involved moving stolen funds to crypto addresses with politically charged titles to effectively 'burn' the money.
- Blockchain analysis revealed links between Nobitex and sanctioned groups, showing the exchange's involvement in evading sanctions through cryptocurrency.
- The group, potentially linked to Israel's military or intelligence agencies, has a history of targeting Iran's critical infrastructure and conducting destructive attacks.
- The motives behind Predatory Sparrow's focus on Iran's financial sector remain unclear, indicating possible future cyber warfare actions with serious consequences.
- The group's capabilities and past actions make them a significant threat, with the potential to follow through on their cyber threats.
- The situation highlights the escalating cyber warfare dynamics between various state-sponsored and hacktivist groups.
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