Fin7 might not be a household name, but they are making incredible business strides as of late. The notoriously successful hacking group has been stealing boatloads of money from businesses across the globe with no slowing down in sight! According to reports, Fin7 has stolen billions of dollars from businesses through an array of different cyber attacks. In the United States alone, they have stolen over 15 million credit card numbers from more that 3,600 business locations.

Despite the arrests of three high level members of the cyber criminal organization, Fin7 still manages to conduct business and steal funds from companies across the world. The hacker group has made incredible strides in order to be so successful in their attacks, which further indicates the willingness hackers take in order to master their craft and figure out ways to infiltrate businesses of all sizes.

According to the DOJ, “on or around March 27 of last year, an employee at a Red Robin Gourmet Burgers and Brews received an email from [email protected] The note complained about a recent experience; it urged the recipient to open the attachment for further details. They did. Within days, Fin7 had mapped Red Robin’s internal network. Within a week, it had obtained a username and password for the restaurant’s point-of-sale software management tool. And inside of two weeks, a Fin7 member allegedly uploaded a file containing hundreds of usernames and passwords for 798 Red Robin locations, along with “network information, telephone communications, and locations of alarm panels within restaurants.”

This attack was after the arrests of 2 of the top level executives within Fin7, which goes to show that hacker groups like Fin7 are not intimidated by the implications of getting caught. Many researchers believe that organizations like this are state sponsored, which in turn supports the funding of finding and training individuals to conduct these attacks.

These organizations further support the reasons as to why businesses in any and all industries should be equipped with market leading cyber insurance. The coverage that Evolve MGA provides covers policyholders in the event their cloud data is hacked, lost, or stolen.

Business owners around the globe are understanding the importance of cyber protection in one way or another, so don’t be a CEO who is reactive, be a CEO who is proactive. Get your business covered with Evolve’s cyber security insurance today!

To read more about the success of this cybercriminal organization, click here.