Tag: banking

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 […]

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Report: Cyber Ring Stole Data To Game Stock Market | Reuters

Reuters has the story this morning about a new report out from the folks at FireEye about a cyber espionage ring that targets financial services firms. The campaign, dubbed FIN4 by FireEye, stole corporate secrets for the purpose of gaming the stock market. FireEye believes that the extensive cyber operation compromised sensitive data about dozens of publicly held companies. According to FireEye the victims include financial services firms and those in related sectors, including investment bankers, attorneys and investor relations firms. Rather than attempting to break into networks overtly, the attackers targeted employees within each organization. Phishing e-mail messages led victims to bogus web sites controlled by the hackers, who harvested login credentials to e-mail and social media accounts. Those accounts were then used to expand the hackers reach within the target organization: sending phishing email messages to other employees. The criminals behind FIN4 sought data that could be useful to stock traders, including Securities and […]

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White House Cyber Chief: JP Morgan Underscores Critical Infrastructure Risk

The White House’s cyber security czar, Michael Daniel, said the Obama Administration is deeply concerned about the reported hack of systems belonging to banking giant JP Morgan Chase & Co. but sees the incident as part of a larger trend of attacks against U.S. critical infrastructure. Asked about the targeted attack against JP Morgan and other banks and financial institutions, Daniel said that the White House was concerned, but not surprised by the incident. “We have watched for several years the trend of malicious actors in cyber try to figure out how to target critical infrastructure,” he said. “Financial services is critical infrastructure.” The White House was concerned that a major U.S. bank would fall victim to hackers, but sees it in the context of a “broad trend,” rather than an isolated incident, he said. Speaking with Michael Farrell, the Cybersecurity Editor at Christian Science Monitor, Daniel hit on many of the now-common talking […]

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Chief Security Officer: The Toughest Job In IT?

Register now for our CISO Hangout with Jon Trull of Qualys, the former Chief Security Officer for the State of Colorado. Chief Information Security Officers (CISOs) are in the news a lot these days. The breaches at prominent corporations like Target, Home Depot and (this week) JP Morgan have solidified the consensus that the CISO is a necessary complement to the CIO. They’ve also shone a spotlight on what many consider to be the toughest job in corporate America. After all, successful cyber attacks and data breaches are the quickest path to a ruined corporate reputation. And a strong and capable CISO is increasingly seen as the best defense against such an unfortunate occurrence. (Target’s misfortune was the direct result, some argued, on its lack of a CISO.) With all that in the air, the time couldn’t be better to sit down with some of the top CISOs in industry and the public […]

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Report: Hacked Password Behind Compromise of 75m JPMorgan Accounts

The top news this week is about Wall Street giant JP Morgan Chase, which disclosed on Thursday that a previously disclosed breach was much larger than initially believed, affecting more than 75 million account holders. And once again, reports suggest that a compromised employee account may be at the root of the incident. Bloomberg, which first broke the news of the cyber attack on JPMorgan Chase in August, said on Friday that hackers exploited an employee’s access to a development server as part of an attack on a JPMorgan Chase & Co. server that led to one of the largest cyber-attacks ever and the theft of data on 76 million households and 7 million small businesses. According to the Bloomberg report, which cited “people familiar with the bank’s review,” the breach started in June when an employee’s user name and password for what’s described as “a web-development server” were compromised. From that […]

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