root9B Uncovers Planned Sofacy Cyber Attack Targeting Several International and Domestic Financial Institutions

NEW YORK, May 12, 2015 /PRNewswire/ -- root9B, a root9B Technologies company (OTCQB: RTNB), a leading provider of advanced cybersecurity services and training for commercial and government clients, announced today that it had uncovered plans by the Sofacy group (APT28), a known Russian hacking organization, to target several international financial institutions.

While performing surveillance for a root9B client, the company discovered malware generally associated with nation state attacks. It is the first instance of a Sofacy or other attack being discovered, identified and reported before an attack occurred.

"Our team did an amazing job of uncovering what could have been a significant event for the international banking community," said Eric Hipkins, root9B Chief Executive Officer. "We've spent the past three days informing the proper authorities in Washington and the UAE, as well as the CISOs at the financial organizations."

The banks identified as potential targets in the pending attack are TD Bank, Bank of America, UAE Bank, and other organizations including the United Nations Children's Fund, United Bank for Africa and Regions Bank.

"While none of the targeted organizations are clients of root9B, we felt it imperative to disclose the findings to them, and as broadly as possible to the security community," said Hipkins. "In previous instances, attacks have been dissected after the event. Our HUNT platform delivers a pro-active defense protection capability to identify, pursue and mitigate cyber threats. This is a first in our industry."

The full report can be downloaded via this link: https://tinyurl.com/nc9k68w

About root9B
Based in Colorado Springs, Colo., root9B is a leading provider of advanced cybersecurity services and training for commercial and government clients. Combining cutting-edge technology, tactics development, specialty tools, and deep mission experience, root9B personnel leverage their extensive backgrounds in the U.S. Intelligence Community to conduct advanced vulnerability analysis, penetration testing, digital forensics, incident response, industrial control system (ICS) security, and active adversarial pursuit (HUNT) engagements on networks worldwide. For more information, visit www.root9B.com.

About root9B Technologies
root9B Technologies is a leading provider of Cybersecurity and Regulatory Risk Mitigation. Through its wholly owned subsidiaries root9B and IPSA International, root9B Technologies delivers results that improve productivity, mitigate risk and maximize profits. Our clients range in size from Fortune 100 companies to mid-sized and owner-managed businesses across a broad range of industries including local, state, and government agencies. For more information, visit www.root9BTechnologies.com

Forward Looking Statements
Certain information contained in this press release may include certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on root9B Technologies' current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of root9B Technologies business. These risks, uncertainties and contingencies are indicated from time to time in root9B Technologies filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Further, investors should keep in mind that root9B Technologies financial results in any particular period may not be indicative of future results.  root9B Technologies is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.

SOURCE root9B Technologies

Related Links

http://www.root9B.com

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