This morning, ransomware gang APT73 posted capital markets technology firm, Globacap, to its data leak site. It alleges to have stolen 823KB of data and will upload the stolen data on September 2 if the ransom demands aren’t met. In a statement to Comparitech, Globacap confirmed its systems and data hadn’t been breached and that the hackers’ claim was inaccurate.

A spokesperson for Globacap stated:

Globacap can confirm that there has been no breach of our systems and that all of our data remains secure. Our services continue to operate normally, and there has been no disruption to our operations. We remain committed to maintaining the highest standards of security and will continue to monitor our systems closely.

Who is APT73?

APT73 first emerged in April 2024 with some suggesting there are links and similarities between this group and LockBit. Since its inception, we’ve logged 12 unconfirmed attacks via this group and have been able to confirm one. The latter was an attack on German tech company, Melting Mind.

Half of the claims made by APT73 appear to be on companies that provide technology/software to various markets.

Why would the group claim a false attack on Globacap?

Sometimes, the wrong company is claimed and later amended by the group, or the attack may have been carried out on a third party used by the company. However, we also need to remember that these claims are coming from cybercriminals. While many claims are proven to be accurate, there is nothing to stop these gangs from making false claims to gain media attention.

Comparitech will monitor the claims from APT73 in the coming days and weeks to see if this attack on Globacap is amended and will update this article with any updates.

Ransomware attacks on the finance industry

So far this year, we’ve tracked 42 attacks on the finance industry with nearly 27.5M records breached through these attacks. The average ransom across these attacks is $1.5M.

We have also noted 176 unconfirmed attacks on this sector this year so far.

About Globacap

With its headquarters in London, Globacap is a capital markets technology firm whose clients include securities exchanges, securities firms, private banks, and asset managers. According to its LinkedIn page, it has “secured over $30m in funding” and has “executed $350m+ in secondary liquidity with automated settlement, and administers $14bn+ of private securities.”

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