In August 2024, an Iranian group called IRLeaks attacked Iranian banks. Politico described the attack as the “worst cyberattack” in Iranian history.[1][2] According to Politico, the Iranian government was forced to pay millions of dollars to IRLeaks in ransom.[1] Politico reported that 20 out of about 29 Iranian credit institutions fell in the attack.[3][4][1] The Iranian central bank, the Post Bank of Iran and the Bank of Industry and Mines were amongst the banks hit in the attack.[5] The attackers were likely freelance hackers seeking financial gain.[1] The attack occurred after the release of reports that Iranian hackers intervened in the 2024 presidential American elections.[6][7][8]