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Also known as: Elephant Beetle, TG2003

Description

FIN13 is a financially motivated cyber threat group that has targeted the financial, retail, and hospitality industries in Mexico and Latin America, as early as 2016. FIN13 achieves its objectives by stealing intellectual property, financial data, mergers and acquisition information, or PII.(Citation: Mandiant FIN13 Aug 2022)(Citation: Sygnia Elephant Beetle Jan 2022)

AI Analysis

· 1 week ago

Executive Summary

FIN13, also known as Elephant Beetle or TG2003, is a financially motivated cyber threat group targeting the financial, retail, and hospitality sectors in Mexico and Latin America since at least 2016. The group specializes in stealing intellectual property, financial data, mergers and acquisition information, and personally identifiable information (PII). FIN13 exhibits advanced technical capabilities, leveraging a range of MITRE ATT&CK techniques to compromise systems and exfiltrate sensitive data.

Goals & Targeting

FIN13's strategic objectives appear to be primarily financial, targeting sectors with high-value data such as financial transactions, intellectual property, and merger information. The group's focus on Mexico and Latin America suggests a regional emphasis for targeting, potentially due to weaker cybersecurity measures or lucrative industries in these regions. FIN13 achieves its goals by compromising systems to exfiltrate sensitive data, which is likely sold or exploited for monetary gain.

Enhanced Description

FIN13 is a financially motivated cyber threat group that has been active since at least 2016. The group primarily targets the financial, retail, and hospitality sectors in Mexico and Latin America, focusing on stealing intellectual property, financial data, mergers and acquisition information, and personally identifiable information (PII). FIN13's activities have been documented by Mandiant and Sygnia, with evidence of its operations as early as 2016. The group demonstrates a high level of technical sophistication, utilizing a variety of tactics such as web shell creation, credential dumping via LSASS memory, and pass-the-hash techniques. These actions suggest that FIN13 is capable of conducting prolonged campaigns to gather and monetize sensitive information. Despite its known activities, there are limited details on specific campaigns or the exact tools used, which hinders a comprehensive understanding of its full operational scope.

Key Capabilities

  • Advanced persistent cyberattacks focusing on data theft
  • Lateral movement via compromised accounts and LSASS memory dumping
  • Web shell creation for long-term access
  • Pass-the-Hash techniques to maintain persistence

MITRE ATT&CK Tactics

Lateral Movement
Defense Evasion
Credential Access
Discovery
Exfiltration
Impact

ATT&CK Techniques

T1053.005
T1560.001
T1133
T1074.001
T1016.001
T1069
T1003.002
T1036
T1005
T1190
T1574.001
T1588.002
T1036.004
T1589
T1090.001
T1519
T1657

Campaigns & Victims

FIN13's activities suggest a long-term presence in targeted regions, with operations spanning multiple years. While specific campaigns remain un detailed, the group's use of advanced techniques indicates a capability for sustained and stealthy campaigns. The targeting of financial data suggests that FIN13 may be linked to organized crime or financial fraud networks.

IOC Patterns

  • Use of Web shells for long-term access
  • LSASS memory dumping for credential extraction
  • Pass-the-Hash attacks using NTLM hashes
  • Scheduled tasks for persistence

Recommended Actions

  • Implement user account control (UAC) and monitor scheduled task creation.
  • Segment sensitive network segments, such as those holding financial data, from general network access.
  • Enforce multi-factor authentication (MFA) for all accounts.
  • Conduct regular audits of active directory groups to identify unauthorized permissions.

Suggested Tags

APT
financial theft
PII theft
Latin America

Confidence Assessment

High confidence in FIN13's financial motivations and targeting sectors, based on Mandiant and Sygnia reports. Limited details on exact tools used or specific campaigns, which introduces some uncertainty regarding its full capabilities.

ATT&CK Techniques

Collection
4 techniques
Credential Access
4 techniques
Discovery
10 techniques
Execution
5 techniques
Lateral Movement
5 techniques
Persistence
5 techniques
Stealth
8 techniques

Software / Tooling

No tools linked yet.

Campaigns / Victims

No campaigns linked yet.

Observed Data

No observed data linked yet.

Indicators of Compromise

No IOCs linked yet.

References

  1. Sygnia Elephant Beetle Jan 2022 — Sygnia Incident Response Team. (2022, January 5). TG2003: ELEPHANT BEETLE UNCOVERING AN ORGANIZED FINANCIAL-THEFT OPERATION. Retrieved February 9, 2023.
  2. Mandiant FIN13 Aug 2022 — Ta, V., et al. (2022, August 8). FIN13: A Cybercriminal Threat Actor Focused on Mexico. Retrieved February 9, 2023.

Intel Summary

53

Techniques

0

Tools

0

Campaigns

0

IOCs

0

Observed Data

13

Tactics

Tags

Healthcare Targeting
Data Exfiltration
APT
financial theft
PII theft
Latin America

Details

MITRE ID
G1016
Type
Unknown
Country of Origin
R
Confidence
90%
Added
May 2, 2026
STIX ID
intrusion-set--fd66436e-4d33-450e-ac4c-f7810f1c85f4
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