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Another day, another stunning Malware – this time targeting banks, payment card processors, and other financial services. Security researchers have uncovered a sophisticated payment card malware that executes before the operating system boots, making the malware very difficult to detect and much less remove. The malware in question is part of " Nemesis " – a malware suite that includes all software programs for capturing screens, transferring files, injecting processes, logging keystrokes, and carrying out other malicious activities on the infected computers. Nemesis malware family has been seen in the past, targeting banks, ATMs, financial transaction processing, credit unions, and financial business service companies. Nemesis Bootkit Malware – Reappears even after Re-installation of the OS The malware with bootkit functionality has been in operation since early this year and has the ability to modify the legitimate VBR ( Volume Boot Record ) that ma

Security firm Trend Micro has identified a 20-year-old Brazilian college student responsible for developing and distributing over 100 Banking Trojans selling each for around US$300 . Known online as ' Lordfenix ', ' Hacker's Son ' and ' Filho de Hacker ', the computer science student first began his career by posting in forums, asking for programming help for a Trojan he was developing, researchers said. Developed More than 100 Trojans However, Lordfenix has "grown quite confident in his skills" and began developing and distributing malware tailored to pilfer financial information since at least 2013. "Based on our research, Lordfenix has created more than 100 different banking Trojans , not including his other malicious tools, since April 2013," Trend Micro says . "With each Trojan costing around R$1,000 (roughly $320), this young cybercriminal channeled his talent in programming into a lucrative, illegal venture." Trend Mi

To minimize the risk of privilege misuse, a trend in the privileged access management (PAM) solution market involves implementing just-in-time (JIT) privileged access. This approach to  privileged identity management  aims to mitigate the risks associated with prolonged high-level access by granting privileges temporarily and only when necessary, rather than providing users with continuous high-level privileges. By adopting this strategy, organizations can enhance security, minimize the window of opportunity for potential attackers and ensure that users access privileged resources only when necessary.  What is JIT and why is it important?   JIT privileged access provisioning  involves granting privileged access to users on a temporary basis, aligning with the concept of least privilege. This principle provides users with only the minimum level of access required to perform their tasks, and only for the amount of time required to do so. One of the key advantages of JIT provisioning

The Law enforcement agencies from six different European countries have taken down a major Ukrainian-based cyber criminals gang suspected of developing, distributing and deploying Zeus and SpyEye banking malware . According to the report on the official website of Europol, authorities have arrested five suspects between June 18 and 19. All the five suspects are the members of an alleged gang that has been accused of infecting tens of thousands of computers worldwide with malware and banking Trojans. The alleged cybercriminal group distributed and used Zeus and SpyEye malware to steal money from several major banks in Europe and outside. The gang constantly modified its malware Trojans to defeat the security protocols of banks and used " mule networks " to launder money. "On the underground digital forums, they actively traded stolen credentials, compromised bank account information and malware," Europol said in a statement on Thursday, "

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

Despite increased online and mobile banking security, banks are more often being targeted by hackers. A hacker group has infiltrated a number of banks and financial institutions in several countries, stealing hundreds of Millions of dollars in possibly the biggest bank heist the world has ever seen. According to a report published by the New York Times on Saturday, hackers have stolen as much as $1 Billion from more than 100 banks and other financial companies in almost 30 nations, making it " the most sophisticated attack the world has seen to date. " In late 2013 , banks in Russia, Japan, Europe, the United States and other countries fell victim to a massive, sophisticated malware hack that allowed the hackers to spy on bank officials in order to mimic their behavior, according to an upcoming report by Kaspersky Labs received by the NY Times. CARBANAK BANKING MALWARE IN THE WILD In order to infect bank staffs, the hacker group sent malicious emails to hun

A new Spam email campaign making the rounds in Germany are delivering a new variant of a powerful banking malware , a financial threat designed to steal users' online banking credentials, according to security researchers from Microsoft. The malware, identified as Emotet , was first spotted last June by security vendors at Trend Micro. The most standout features of Emotet is its network sniffing ability , which enables it to capture data sent over secured HTTPS connections by hooking into eight network APIs, according to Trend Micro. Microsoft has been monitoring a new variant of Emotet banking malware , Trojan:Win32/Emotet.C , since November last year. This new variant was sent out as part of a spam email campaign that peaked in November. Emotet has been distributed through spam messages, which either contain a link to a website hosting the malware or a PDF document icon that is actually the malware. HeungSoo Kang of Microsoft's Malware Protection Center identifi

" The Interview ", the controversial North Korean-baiting film which appeared to be the root cause of the cyber mishap occurred at Sony Pictures Entertainment that threatened terror attack at theaters showing the movie, now threatens to expose users of Android phones to a malware attack. Since its release, everyone is talking about "The Interview" — the Seth Rogen and James Franco-starring comedy centered around a TV host and his producer assassinating North Korean dictator Kim Jong Un. Because cybercriminals are known to take advantage of major events where there is a high level of public interest, The Interview became their target. In a joint investigation, Security researchers of McAfee and Technische Universität Darmstadt and the Center for Advanced Security Research Darmstadt (CASED) has discovered an Android app claiming to download 'The Interview' comedy on their smartphone devices actually infects users' devices with banking trojan in

One of the oldest active malware families, Pushdo, is again making its way onto the Internet and has recently infected more than 11,000 computers in just 24 hours. Pushdo, a multipurpose Trojan, is primarily known for delivering financial malware such as ZeuS and SpyEye onto infected computers or to deliver spam campaigns through a commonly associated components called Cutwail that are frequently installed on compromised PCs. Pushdo was first seen over 7 years ago and was a very prolific virus in 2007. Now, a new variant of the malware is being updated to leverage a new domain-generation algorithm (DGA) as a fallback mechanism to its normal command-and-control (C&C) communication methods. DGAs are used to dynamically generating a list of domain names based on an algorithm and only making one live at a time, blocking on 'seen' Command & Control domain names becomes nearly impossible. With the help of a DGA, cyber criminals could have a series of advantages

A month after the FBI and Europol took down the GameOver Zeus botnet by seizing servers and disrupting the botnet's operation, security researchers have unearthed a new variant of malware based explicitly on the same Gameover ZeuS that compromised users' computers and collectively formed a massive botnet. GAMEOVER ZEUS TROJAN The massive botnet, essentially a collection of zombie computers, specifically was designed to steal banking passwords with the capability to perform Denial of Service (DoS) attacks on banks and other financial institutions in order to deny legitimate users access to the site, so that the thefts kept hidden from the users. As a result of it, Gameover ZeuS' developers have stolen more than $100 million from banks, businesses and consumers worldwide. NEW GAMEOVER ZEUS TROJAN On Thursday, security researchers at the security firm Malcovery came across a series of new spam campaigns that were distributing a piece of malware based on the Gameover Zeus code which

Cybercriminals have rolled out a new malicious Android application that wraps different varieties of banking fraud trick into a single piece of advanced mobile malware . GOOGLE SERVICE FRAMEWORK - APPLICATION OR MALWARE? Security researchers at the security firm FireEye have came across a malicious Android application that binds together the latest and older hijacking techniques. The malicious Android app combines private data theft, banking credential theft and spoofing, and remote access into a single unit, where traditional malware has had only one such capability included in it. Researchers dubbed the malware as HijackRAT , a banking trojan that comes loaded with a malicious Android application which disguises itself as "Google Service Framework," first and the most advanced Android malware sample of its kind ever discovered, combining all the three malicious activities together. MALWARE FEATURES By giving the remote control of the infected device to hackers,

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

The hike in the banking malware this year is no doubt almost double compared to the previous one, and so in the techniques of malware authors. Until now, we have seen banking Trojans affecting devices and steal users' financial credentials in order to run them out of their money. But nowadays, malware authors are adopting more sophisticated techniques in an effort to target as many victims as possible. BANKING MALWARE WITH NETWORK SNIFFING Security researchers from the Anti-virus firm Trend Micro have discovered a new variant of banking malware that not only steals users' information from the device it has infected but, has ability to " sniff " network activity in an effort to compromise the devices of same network users as well. The banking malware, dubbed as EMOTET spreads rapidly through spammed emails that masquerade itself as a bank transfers and shipping invoices. The spammed email comes along with an attached link that users easily click, considering that t

After Whatsapp, The Chinese WeChat is the second most popular messaging application and currently being targeted by cybercriminals to spread a new Banking Trojan in order to steal the financial information from its users. WeChat is a famous mobile instant messaging app developed by Chinese company Tencent, with more than 355 million users across the world. The app offers people to chit-chat with their friends and relatives, and also allows users to make payments for goods and services on WeChat. The Payment feature of the app requires users' bank account details to their messenger account and this is what tempting cybercriminals to develop new and more sophisticated banking Trojans and malwares. The security researchers at Kaspersky Lab have uncovered such banking Trojan, dubbed as Banker.AndroidOS.Basti.a, which looks exactly like the legitimate WeChat application for Android devices. While installation, it also requires the same permissions such as to access the Int

Zeus Trojan is one of the most popular families of Banking Trojan, which was also used in a targeted malware campaign against a Salesforce.com customer at the end of the last month and researchers found that the new variant of Zeus Trojan has web crawling capabilities that are used to grab sensitive business data from that customer's CRM instance. 'GameOver' Banking Trojan is also a variant of Zeus financial malware that spreads via phishing emails. GameOver Zeus Trojan makes fraudulent transactions from your bank once installed in your system with the capability to conduct Distributed Denial of Service, or DDoS, attack using a botnet , which involves multiple computers flooding the financial institution's server with traffic in an effort to deny legitimate users access to the site. TAREGET - EMPLOYMENT WEBSITES Now, a new variant of GameOver Zeus Trojan has been spotted, targeting users of popular employment websites with social engineering attacks , implemented t

The year begins with the number of new variants of malware that were discovered by various security researchers. The new variants are more complex, sophisticated and mostly undetectable. Two years back in 2012, the FBI warned us about the ' GameOver ' banking Trojan, a variant of Zeus financial malware that spreads via phishing emails. GameOver makes fraudulent transactions from your bank once installed in your system with the capability to conduct Distributed Denial of Service, or DDoS, attack using a botnet, which involves multiple computers flooding the financial institution's server with traffic in an effort to deny legitimate users access to the site. But that wasn't the end; a new variant of the same family of banking Trojan has been discovered by researchers that are being delivered by cyber criminals to users' machines, making it easier for the banking malware to evade detection and steal victim's banking credentials. Malcovery's Gary Warner explains

After the massive data breaches at U.S retailers Target and Neiman Marcus in which financial credentials of more than 110 million and 1.1 million customers were compromised respectively, shows that the Point of Sale (POS) system has become a new target for the cyber criminals. Despite the BlackPOS malware of Point of Sale (POS) system that comes out as the major cause of these data breaches, malware writers are upgrading and developing more Trojans to target POS system. In December, the security researchers at anti-virus firm Kaspersky Lab discovered a Tor-based banking trojan , dubbed " ChewBacca ", that was initially categorized as a Financial trojan, but recently security researchers at RSA have uncovered that 'ChewBacca' is also capable of stealing credit card details from point of sale systems. ' ChewBacca ', a relatively new and private Trojan, used in the 11 countries as a POS malware is behind the electronic theft. ChewBacca communicat