GNB TEAM 1 PRESS RELEASE
- 1. MEDIA CONTACT: For Immediate Release CYBER S.E.A.L.S 524 W 59th St, New York, NY 10019 jjaycyberseals@gmail.com (212) 564-6529 GOLIATH NATIONAL BANK ADDRESSES FEBRUARY DATA BREACH & NETWORK SYSTEM OUTAGE Insider threat organization CYBER SEALS explains circumstances regarding GNB’s current security status NEW YORK, MAY 6 2016 – Goliath National Bank (“GNB”) announced today that its financial network infrastructure was compromised in February of this year. The breach left GNB’s systems down vulnerable with an estimate enterprise loss of $2 mill (100% entirely of GNB’s non-customer assets). Goliath National Bank employed insider threat organization CYBER SEALS to assess the breached infrastructure as well as employ security measures to strengthen said infrastructure. Customers of GNB, including customers of GNB’s wholly owned subsidiaries, may continue to use GNB services and/or take other actions to their respective accounts. The Board of Directors of Goliath National Bank met with insider threat team CYBER SEALS to better understand the nature of the incident. According to SEALS, GNB employed a contractor nighttime security guard who has ties to a “hacker-for-hire” underground organization. The hacker was able to leverage malware into the e-trading network causing the system to be down for approximately four hours. Soon after the breach, SEALS’s Insider Threat Response Team was brought in to mitigate the threat as soon as systems were compromised. The incident is being diagnosed as an “IT sabotage” crime and as of May 2016, the perpetrator has been apprehended and will face due legal processing. Goliath National Bank ensures that alongside adhered consultation from SEALS, all steps and measures have been taken to not only return GNB systems to a status quo, but also to a further secured status. Both physical and IT security measures have been employed, cyber firewalls and high-end system protections have been installed, and all employees, both current and facing impending employment, are undergoing brand new behavioral screenings to ensure that they will work justly under the best intentions for Goliath National Bank.
- 2. “We understand the gravity of this incident” said GNB CIO Andrew Semple. “But we are optimistic about the new security controls SEALS has employed in our systems and are sure that these new controls will propel GNB both financially and technologically”. Goliath National Bank has contacted and taken necessary steps in filing the forensic evidence of this incident with the U.S. Securities and Exchange Commission and the Federal Bureau of Investigation. At this time, GNB nor CYBER SEALS can disclose any further details of the pending case. ## For media inquiries, please contact jjaycyberseals@gmail.com About Goliath National Bank "The world leader in credit and banking", Goliath National Bank (ticker symbol: GNB) is headquartered in New York, with regional headquarters in London and Tokyo, and operates in a network of offices around the world.