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Don’t break the bank: Stopping ransomware from getting the best of your business

Network World

The life cycle of a cyberattack Regardless of the method that threat actors use to commit cyberattacks—phishing, malware, and, yes, ransomware—the stages of every attack are remarkably similar. The stages of a cyberattack are analogous to that of a bank robbery. Stay up to date. Train employees to be vigilant.

Banking 393
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Shared malware code links SWIFT-related breaches at banks and North Korean hackers

Network World

Malware links suggest that North Korean hackers might be behind recent attacks against several Asian banks, including the theft of US$81 million from the Bangladesh central bank earlier this year. The same malware was also previously linked to an attempted theft of $1 million from Tien Phong Bank in Vietnam.

Malware 250
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6 key mobile and IoT/OT attack trend findings

Network World

Meanwhile, OT and cyber-physical systems, once air-gapped and isolated from the internet, have rapidly become integrated into enterprise networks, where threats can proliferate. Top Mobile and IoT/OT trends Rise in financially-motivated mobile threats, including a 111% rise in spyware and 29% growth in banking malware.

Mobile 418
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Copilot: an indispensable tool for banking security teams

CIO Business Intelligence

The threat to banks from cyber crime is becoming increasingly complex, as state actors and criminal gangs become more adept at targeting vulnerabilities. A report by the Bank for International Settlements singled out the growth of cloud-based services and remote working as two of the primary drivers behind the heightened risk.

Banking 275
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Hackers behind bank attack campaign use Russian as decoy

Network World

The hackers behind a sophisticated attack campaign that has recently targeted financial organizations around the world have intentionally inserted Russian words and commands into their malware in an attempt to throw investigators off.

Banking 244
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'Fileless malware' attacks, used on banks, have been around for years

Network World

Fileless malware attacks, which were recently discovered in the networks of at least 140 banks, telecoms and governments, account for about 15% of known attacks today and have been around for years in different forms. A recent discovery of fileless malware was reported on Wednesday by researchers at Moscow-based Kaspersky Labs.

Malware 150
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Recent malware attacks on Polish banks tied to wider hacking campaign

Network World

Malware attacks that recently put the Polish banking sector on alert were part of a larger campaign that targeted financial organizations from more than 30 countries. There are also similarities to tools previously used by a group of attackers known in the security industry as Lazarus.

Malware 170