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FIN7

High ConfidenceHigh Threat

Carbanak • Carbon Spider • Sangria Tempest • ELBRUS • ITG14

FIN7 is a sophisticated and financially motivated cybercrime group that has been active since at least 2013. The group is of Russian origin and is also known by various other names, including Carbanak Group, Navigator Group, and Carbon Spider. Initially, FIN7 focused on the retail and hospitality sectors, employing custom malware to steal payment card data from point-of-sale (POS) systems. Over the years, the group has expanded its targeting to include a wide range of industries, such as software, consulting, financial services, and more. Their tactics have evolved from POS data theft to "big game hunting," which involves targeted ransomware attacks against large organizations, demanding multi-million dollar ransoms. FIN7 is known for its advanced capabilities, including the use of a front company, Combi Security, to recruit unwitting security researchers and use them in their operations. The group has demonstrated a high level of operational security, using various techniques to hide their activities and infrastructure. Their malware arsenal is extensive and includes custom backdoors, loaders, and ransomware. Despite the arrests of some of its members, FIN7 has proven to be a resilient and adaptive threat, continuously evolving its tactics and tools to remain effective.

Origin: Russia
Sponsor: Cybercriminal (No State Sponsor)
Active: 2013 - Present
Victims: 1000+ organizations
Advanced
Active
Financial Gain
Risk Assessment
79
Composite Risk Score
High Risk
ARCS Compliance85
Escalation Risk82
Grievance Index70
Infrastructure Impact80
History & Evolution

FIN7 is a sophisticated and financially motivated cybercrime group that has been active since at least 2013. The group is of Russian origin and is also known by various other names, including Carbanak Group, Navigator Group, and Carbon Spider. Initially, FIN7 focused on the retail and hospitality sectors, employing custom malware to steal payment card data from point-of-sale (POS) systems. Over the years, the group has expanded its targeting to include a wide range of industries, such as software, consulting, financial services, and more. Their tactics have evolved from POS data theft to "big game hunting," which involves targeted ransomware attacks against large organizations, demanding multi-million dollar ransoms. FIN7 is known for its advanced capabilities, including the use of a front company, Combi Security, to recruit unwitting security researchers and use them in their operations. The group has demonstrated a high level of operational security, using various techniques to hide their activities and infrastructure. Their malware arsenal is extensive and includes custom backdoors, loaders, and ransomware. Despite the arrests of some of its members, FIN7 has proven to be a resilient and adaptive threat, continuously evolving its tactics and tools to remain effective.

Targeting

Target Sectors

RetailHospitalityFinancial ServicesRestaurants

Target Regions

United StatesEuropeGlobal
Attribution & Affiliations

Attributed to Cybercriminal (No State Sponsor) (Russia). Attribution confidence: High.

Intelligence Assessment
High
Threat Level
Moderately
Targeting
Moderately
Adaptability
High
Persistence
Continuous
Op Tempo
Active
Status

Future Outlook

FIN7 is expected to continue operations targeting Retail sectors.

Timeline of Key Events
2013
Major

First observed activity of FIN7

2024
Moderate

Continued active operations