Sberbank, a Russian banking and financial services company, has been targeted by multiple cyberattacks. The bank was hit by the largest Distributed Denial-of-Service (DDoS) attack in its history earlier this month. Sberbank is Russia’s largest and Europe’s third largest financial institution, with total assets of over $570 billion. Thousands of users have been targeting Sberbank in recent months, according to Sergei Lebed, vice president and director of cybersecurity at Sberbank. Following Russia’s invasion of Ukraine, the entity was among the first to be sanctioned, and its operations on the European continent were limited. Since the beginning of the war in February, hackers aligned with Ukraine have targeted Sberbank, and activities are continuing.
By Akshay Rohatgi and Randy Pargman About this Student Research Project Binary Defense’s mission is