Supply chain β›“ Supply Chain

Central Banking / Central Bank of the Bahamas

πŸ“… 2018-06-28 🏒 Third-party website hosting provider (not disclosed)
Primary Source β†—

Incident Details

On June 28, 2018, the Central Bank of the Bahamas was made aware of unauthorized access to its external-facing public website. The bank’s investigation confirmed that the breach originated with a third-party vendor contracted to develop and host its website. The Central Bank issued a press release stating that it was investigating the incident and had engaged external cybersecurity experts to assess the scope of the compromise. The Central Bank reported that there was no indication that any personal information had been accessed or viewed during the incident. The bank’s internal network and core banking systems were not affected, as the breach was limited to the externally hosted public website. The investigation determined that the vulnerability resided within the third-party hosting provider’s infrastructure rather than in the bank’s own internal systems. The bank stated that it had taken immediate steps to secure the website and was working with the third-party vendor to remediate the vulnerabilities that allowed the unauthorized access. The Central Bank also confirmed that it was reviewing its third-party vendor management practices in light of the incident. While the breach was relatively limited in scope with no confirmed data exfiltration, it served as a notable example of supply chain risk in the financial sector, where even central banks can be exposed through their third-party service providers. The incident occurred during a period of heightened awareness around third-party cybersecurity risk following several high-profile supply chain breaches in 2017-2018. Primary source: https://www.centralbanking.com/central-banks/3610516/bahamas-central-bank-traces-website-breach-to-third-party

Technical Details

Initial Attack Vector
Unauthorized access to external-facing public website via compromised third-party website hosting vendor
Vendor / Product
Third-party website hosting provider (not disclosed)
Supply Chain Attack
βœ… Confirmed third-party / vendor compromise

Timeline

  1. 2018-06-28 Breach occurred
  2. 2018-06-28 Publicly disclosed
  3. 2018-06-28 Customers notified