Dyre Wolf Banking Malware | Breaking Cybersecurity News | The Hacker News

The world's most notorious financial hacking operation disrupted by Russian authorities in November, when they raided the offices associated with a Moscow-based film and production company named 25th Floor . According to the Russian authorities, 25th Floor was allegedly involved in distributing the notorious password-stealing malware known as Dyre Banking Trojan . Malware Costs Hundreds of $$$ Millions in Losses The Dyre banking Trojan was typically distributed via spam campaigns and was responsible for over hundreds of millions of dollars in losses at banking and financial institutions, including Bank of America Corp, PayPal, and JPMorgan Chase & Co. Dyre , also known as Dyreza , first appeared in July 2014 and updated to target Windows 10 systems and its newest Edge browser. However, Dyre has not been in use since the November raid, according to cyber security experts, who said the raid represents Russia's biggest effort up to date in cracking down

Security researchers have uncovered an active cyber attack campaign that has successfully stolen more than $1 Million from a variety of targeted enterprise organizations using spear phishing emails, malware and social engineering tricks. The campaign, dubbed " The Dyre Wolf " by researchers from IBM's Security Intelligence division, targets businesses and organizations that use wire transfers to transfer large sums of money, even if the transaction is protected by 2-factor authentication. A MIXTURE OF MALWARE, SOCIAL ENGINEERING & DDoS Nowadays, cybercriminals not only rely on banking Trojans to harvest financial credentials, but also using sophisticated social engineering tactics to attack big corporations that frequently conduct wire transfers to move large sums. " An experienced and resource-backed [cyber criminal] gang operates Dyre ," John Kuhn, Senior Threat Researcher at IBM Managed Security Service, wrote in a blog post published Th

Identities now transcend human boundaries. Within each line of code and every API call lies a non-human identity. These entities act as programmatic access keys, enabling authentication and facilitating interactions among systems and services, which are essential for every API call, database query, or storage account access. As we depend on multi-factor authentication and passwords to safeguard human identities, a pressing question arises: How do we guarantee the security and integrity of these non-human counterparts? How do we authenticate, authorize, and regulate access for entities devoid of life but crucial for the functioning of critical systems? Let's break it down. The challenge Imagine a cloud-native application as a bustling metropolis of tiny neighborhoods known as microservices, all neatly packed into containers. These microservices function akin to diligent worker bees, each diligently performing its designated task, be it processing data, verifying credentials, or