In-brief: IBM researchers say they have seen a spike in malicious activity linked to the Dyre family of malware. Sophisticated attacks on business banking accounts have led to the theft of millions of dollars, IBM says.
Banking
Verizon: 5 Billion Business IoT Connections by 2020
In-brief: A report by Verizon finds business adoption of IoT is growing quickly, boosting that company’s Internet of Things numbers. But increased business adoption of IoT brings risks to privacy and security.
After White House Summit a Consensus – on Pessimism
In-brief: Even with a high-profile summit in the heart of Silicon Valley, partisan gridlock back in Washington D.C. will make progress on cyber security impossible, experts say.
Banking Trojans Pose as SCADA Software to Infect Manufacturers
Dark Reading’s Kelly Higgins has a report about a discovery by a security researcher who has identified a worrying new trend: banking malware that is posing as legitimate ICS software updates and files in order to compromise systems that run manufacturing plants and other facilities. Higgins writes about research by Kyle Wilhoit, senior threat researcher with Trend Micro. Wilhoit claims to have found 13 different crimeware variants disguised as SCADA and industrial control system (ICS) software. The malware posed as human machine interface (HMI) products, including Siemens’ Simatic WinCC, GE’s Cimplicity, and as device drivers by Advantech. [Read more Security Ledger coverage of threats to SCADA and industrial control systems here.]The attacks appear to be coming from traditional cybercriminals rather than nation-state attackers. The motive, Wilhoit theorizes, is to make money, possibly by harvesting banking credentials or other financial information. Malicious software that can operate in industrial environments and critical infrastructure settings is an […]
Senator Warns of DHS Struggle with Cyber Security
U.S. Senator Tom Coburn (R-OK) used his final days in office to warn that the U.S. Department of Homeland Security (DHS) is struggling to fulfill its mission to protect the nation from cyber attack. The report, “A Review of the Department of Homeland Security’s Missions and Performance,” (PDF) was released on Saturday, as the retiring Senator from Oklahoma was leaving office. In it, the outgoing Senator said that DHS’s strategy and programs “are unlikely to protect us from the adversaries that pose the greatest cybersecurity threat.” The warnings on DHS cyber operations were part of a larger critique of the Department in the report, in which Coburn called on reforms of Homeland Security focused on accountability and streamlining. Despite spending $700 million annually on a range of cybersecurity programs, Coburn said it is hard to know whether the Department’s efforts to assist the private sector in identifying, mitigating or remediating cyber […]
