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First Republic Bank

Incident Details

Victimized Company:First Republic Bank
Incident Dates:2020-03-11 to 2020-03-12
Disclosure Date:N/A
Current Status:Perpetrator Plead Guilty

In March 2020, a cloud engineer was terminated from First Republic Bank and subsequently accessed their AWS & GitHub environment to cause damage.

Incident

Details of the Incident

Miklos Daniel Brody was employed as a cloud engineer for First Republic Bank. In March of 2020, he was terminated for violation of company policies. He had in his possession a company-issued PC and Macbook. He surrendered the PC at his termination on March 11, 2020, but did not have his Macbook present at the time. Later that evening, he used the Macbook to log in to the corporate VPN.

Once logged into the corporate VPN, Brody, as alleged in the criminal complaint:

  1. Logged into a Linux jump box
  2. Overwrote system logs
  3. “used a Linux administrator account to impersonate” another employee
  4. From an enterprise GitHub server, used a script to “terminate almost all instances in Amazon Web Services”.
  5. Deleted code repositories
  6. “broke the Ansible Tower.”
  7. “locked users out of an Amazon service called EMR. The primary purpose of this is to do mathematics.”

Timeline

Date Event
March 2, 2020 Brody plugs in two USB Sticks to his company-issued PC
March 11, 2020 3 pm Brody is terminated from First Republic Bank
March 11, 2020 7:16 pm Brody signs into First Republic VPN using MFA.
March 11, 2020 7:55 to
March 12, 2020 10:30 am
Malicious Activity at the bank
March 12, 2020 10:30 am Brody’s credentials were finally deactivated
March 13 - 30, 2020 FRB attempts to recovery Brody’s Macbook
March 16, 2020 Brody files police report claiming the Macbook was stolen
April 5, 2023 Brody pled guilty to two counts
December 11, 2023 Brody sentenced to 24 months, and fined $529k

Attribution / Perpetrator

Miklos Daniel Brody was indicted in 2020 and pled guilty in April 2023. He was sentenced on December 11, 2023, to 24 months in prison and ordered to pay restitution of $529k.

Long-term Impact

The Criminal Complaint lists monetary damages to First Republic Bank in excess of $220,000.

Summary of Coverage

Cloud Security Lessons Learned

From 3 pm, when his termination meeting began, to 10:30 am, the next morning, First Republic neglected to disable Brody’s VPN access.