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Cridex | Breaking Cybersecurity News | The Hacker News

FBI Puts $5 Million Bounty On Russian Hackers Behind Dridex Banking Malware

FBI Puts $5 Million Bounty On Russian Hackers Behind Dridex Banking Malware

Dec 05, 2019
The United States Department of Justice today disclosed the identities of two Russian hackers and charged them for developing and distributing the Dridex banking Trojan using which the duo stole more than $100 million over a period of 10 years. Maksim Yakubets , the leader of 'Evil Corp' hacking group, and his co-conspirator Igor Turashev primarily distributed Dridex — also known as ' Bugat ' and ' Cridex ' — through multi-million email campaigns and targeted numerous organizations around the world. The State Department has also announced a reward of up to $5 million—the largest offered bounty to date for a cybercrime suspect—for providing information that could lead to the arrest of Yakubets, who remains at large. "Bugat is a multifunction malware package designed to automate the theft of confidential personal and financial information, such as online banking credentials, from infected computers," the DoJ said in its press release . &qu
New Cridex Banking Trojan variant Surfaces with Self-Spreading Functionality

New Cridex Banking Trojan variant Surfaces with Self-Spreading Functionality

Jul 02, 2014
In an effort to infect large number of people, cybercriminals have developed a new malicious software program that contains functionality to spread itself quickly. Geodo , a new version of the infamous Cridex (also known as Feodo or Bugat ) banking information stealing Trojan works in conjunction with a worm that sends out emails automatically to continue its self-spreading infection method, effectively turning each infected Windows system in the botnet for infecting new targets, Seculert warned . The Infected Windows systems in the botnet network download and install an additional piece of malware (i.e. an email worm) from the Botnet 's command and control servers, provided with approximately 50,000 stolen SMTP account credentials including those of the associated SMTP servers. The stolen SMTP credentials appeared to come from Cridex victims and with the help of those credentials, the malware then sends out emails from legitimate accounts to other potential victim
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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