Cyber attacks on financial institutions have become a significant concern worldwide, with attackers increasingly targeting sensitive customer and organisational data. One such alarming incident with an interesting mix of twists and turns was the cyber attack on Evolve Bank & Trust, a U.S.-based banking-as-a-service provider.

This breach, orchestrated by the LockBit ransomware group, not only exposed millions of customer records but also created tremendous confusion and panic by initially claiming it had compromised U.S. Federal Reserve data.

We've captured exactly how this chain of events unfolded with our Evolve Bank Cyber Attack Timeline documents.