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After FBI Takedown, KV-Botnet Operators Shift Tactics in Attempt to Bounce Back

After FBI Takedown, KV-Botnet Operators Shift Tactics in Attempt to Bounce Back

Feb 07, 2024 Malware / Network Security
The threat actors behind the  KV-botnet  made "behavioral changes" to the malicious network as U.S. law enforcement began issuing commands to neutralize the activity. KV-botnet is the name given to a network of compromised small office and home office (SOHO) routers and firewall devices across the world, with one specific cluster acting as a covert data transfer system for other Chinese state-sponsored actors, including  Volt Typhoon  (aka Bronze Silhouette, Insidious Taurus, or Vanguard Panda). Active since at least February 2022, it was  first documented  by the Black Lotus Labs team at Lumen Technologies in mid-December 2023. The botnet is known to comprise two main sub-groups, viz. KV and JDY, with the latter principally used for scanning potential targets for reconnaissance. Late last month, the U.S. government  announced  a court-authorized disruption effort to take down the KV cluster, which is typically reserved for manual operations against high-profile targets c
AVRecon Botnet Leveraging Compromised Routers to Fuel Illegal Proxy Service

AVRecon Botnet Leveraging Compromised Routers to Fuel Illegal Proxy Service

Jul 31, 2023 Network Security / Botnet
More details have emerged about a botnet called  AVRecon , which has been observed making use of compromised small office/home office (SOHO) routers as part of a multi-year campaign active since at least May 2021. AVRecon was  first disclosed  by Lumen Black Lotus Labs earlier this month as malware capable of executing additional commands and stealing victim's bandwidth for what appears to be an illegal proxy service made available for other actors. It has also surpassed QakBot in terms of scale, having infiltrated over 41,000 nodes located across 20 countries worldwide. "The malware has been used to create residential proxy services to shroud malicious activity such as password spraying, web-traffic proxying, and ad fraud," the researchers said in the report. This has been corroborated by new findings from KrebsOnSecurity and Spur.us, which last week  revealed  that "AVrecon is the malware engine behind a 12-year-old service called SocksEscort, which rents hacke
Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Feb 14, 2024Financial Security / Cyber Threats
The landscape of cybersecurity in financial services is undergoing a rapid transformation. Cybercriminals are exploiting advanced technologies and methodologies, making traditional security measures obsolete. The challenges are compounded for community banks that must safeguard sensitive financial data against the same level of sophisticated threats as larger institutions, but often with more limited resources. The FinServ Threat Landscape Recent trends show an alarming increase in sophisticated cyber-attacks. Cybercriminals now deploy advanced techniques like deep fake technology and AI-powered attacks, making it increasingly difficult for banks to differentiate between legitimate and malicious activities. These developments necessitate a shift towards more sophisticated and adaptive cybersecurity measures. Take these industry statistics, for example. Financial firms report 703 cyberattack attempts per week.1 On average, 270 attacks (entailing unauthorized access of data, appl
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