Yury Namestnikov of Kaspersky Lab’s Global Research and Analysis Team (GReAT) in Russia discuss the tectonic shift of cyberespionage groups stealing not just data but also money of organizations in the Asia Pacific region.

 

They are not just after your data anymore.

 

Kaspersky Lab today reveals that cyber-espionage groups are now attacking financial institutions in Asia Pacific.

 

From spying, stealing, and leaking state, military, and trade secrets, cybersecurity researchers at Kaspersky Lab discovered that cybercriminals operating in the region now aim for monetary gain as they infect banks in APAC countries.

 

The global cybersecurity company said active Advanced Persistent Threat (APT) groups have successfully breached financial institutions in Malaysia, South Korea, Indonesia, Philippines, China (Hong Kong), Bangladesh, and Vietnam.

 

“This year, we have monitored the tectonic shift in APT actors’ behavior. These groups who are initially data-hungry are now going beyond traditional cyberespionage. They added money-stealing on their attack menu as they hunt for vulnerable banks in the Asia Pacific (APAC) region which they can infect mostly through the rising epidemic,” says Yury Namestnikov, Head of Research Center, Russia at Kaspersky Lab’s Global Research and Analysis Team (GReAT).

 

In 2017, Kaspersky Lab has been able to monitor active APT actors in the region, namely the infamous Lazarus group and Cobaltgoblin other groups that use Carbanak-style attacks.

 

Lazarus is the cyber gang believed to be behind massive breaches including the Sony Pictures hack in 2014 and the multi-million cyber robbery against the Central Bank of Bangladesh last year. They are known for hacking C&C servers of banks and governments as launchpads for their malicious campaigns.

 

Carbanak made headlines in 2014 for the $1-billion bank heists in Russia, Ukraine, Germany, and China dubbed as “The Great Bank Robbery”. The group infiltrated their victims’ networks through spear phishing emails or infected Word documents exploiting known vulnerabilities. With remote and covert access to the system, they gained control of the banks’ ATMs or websites and collected a significant amount of money.

 

The degree of sophistication in terms of tools and the skilled manpower of the hackers behind these groups suggest that some of them are state-sponsored actors.

“Actors are switching towards using legitimate software instead of deploying unique malicious programs, which can allows them to perform the attack stealthy. Also they penetrated networks by supply chain attacks: in last three months there were four huge incidents of these similar pattern. In terms of monetization, it could be attacks against ATM infrastructure, SWIFT servers or databases with transactions and debit/credit cards information. They are undoubtedly investing time, money, and effort so they can have good Return on Investment (ROI). So far, we can assume that cybercriminals are earning good ROI when attacking financial institutions in the region,”adds Namestnikov.

The exact monetary losses from financial institutions attacks in APAC are unconfirmed as of this time but Kaspersky Lab researchers report having been able to foil breaches before financial firms could lose their money.

In order to protect enterprises from sophisticated financial threats, the global cybersecurity company suggests the use of a highly sophisticated solution that enables businesses to detect targeted attacks and other malicious actions through careful monitoring of network activity, web, and email like the Kaspersky Anti Targeted Attack Platform.

Kaspersky Lab also highlights the importance of threat intelligence to keep financial institutions knowledgeable on the latest trends of threats against banks. The global cybersecurity company has a portfolio of Threat Intelligence services designed to mitigate massive attacks by providing enterprises with insights on the latest, constantly emerging threats currently targeting businesses around the world.


RECOMMENDED ARTICLE FOR TECHWORLD


 
Kaspersky Lab Publishes Results of Internal Investigation Related to Incident with Equation APT Source Code
Techworld Date Posted: 17 November 2017 11:24 AM | 297 Views
In early October, a story was published in The Wall Street Journal alleging Kaspersky Lab software was used to download classified data from an NSA employee’s home computer. . See More
 
Kaspersky Lab Publishes Results of Internal Investigation Related to Incident with Equation APT Source Code
Techworld Date Posted: 11:24 AM | 297 Views
In early October, a story was published in The Wall Street Journal alleging Kaspersky Lab software was used to download classified data from an NSA employee’s home computer. See More

 
Transcend’s Gives Advice in Selecting the Right Dashcam for Your Needs
Techworld Date Posted: 20 September 2017 11:06 AM | 240 Views
The dashcam, or dashboard camera, has become an essential vehicle accessory primarily because of solid evidence that it aids with self-protection. Transcend Information Inc., a leading manufacturer of storage and multimedia products, has come.... See More
 
Transcend’s Gives Advice in Selecting the Right Dashcam for Your Needs
Techworld Date Posted: 11:06 AM | 240 Views
The dashcam, or dashboard camera, has become an essential vehicle accessory primarily because of solid evidence that it aids with self-protection. Transcend Information Inc., a leading manufacturer of storage and multimedia products, has come...See More

 
Nokia Smartphones Serve First Slice of Android™ 9 Pie
Techworld Date Posted: 23 October 2018 10:42 AM | 126 Views
HMD Global, the home of Nokia phones, has announced that Android™ 9 is already available for the Nokia 6.1 Plus via Nokia phones beta labs. This follows the Nokia 7 Plus. See More
 
Nokia Smartphones Serve First Slice of Android™ 9 Pie
Techworld Date Posted: 10:42 AM | 126 Views
HMD Global, the home of Nokia phones, has announced that Android™ 9 is already available for the Nokia 6.1 Plus via Nokia phones beta labs. This follows the Nokia 7 PlusSee More

 
Vulnerabilities in Connected Electric Car Chargers Could Damage Home Networks
Techworld Date Posted: 23 January 2019 5:07 PM | 77 Views
While modern electric vehicles are tested constantly for vulnerabilities, some of their essential accessories, such as the battery chargers, often remain neglected.. See More
 
Vulnerabilities in Connected Electric Car Chargers Could Damage Home Networks
Techworld Date Posted: 5:07 PM | 77 Views
While modern electric vehicles are tested constantly for vulnerabilities, some of their essential accessories, such as the battery chargers, often remain neglected.See More

 
Fake Facebook Sites Account for 60% of Social Network Phishing in Early 2018
Techworld Date Posted: 24 May 2018 1:32 PM | 240 Views
In the first quarter of 2018, Kaspersky Lab’s anti-phishing technologies prevented more than 3.6 million attempts to visit fraudulent social network pages, of which 60% were fake Facebook pages. The results, according to Kaspersky.... See More
 
Fake Facebook Sites Account for 60% of Social Network Phishing in Early 2018
Techworld Date Posted: 1:32 PM | 240 Views
In the first quarter of 2018, Kaspersky Lab’s anti-phishing technologies prevented more than 3.6 million attempts to visit fraudulent social network pages, of which 60% were fake Facebook pages. The results, according to Kaspersky...See More

 
HyperX Brings Alloy FPS RGB and Cloud Earbuds to PC and Nintendo Switch Gamers
Techworld Date Posted: 29 October 2018 5:13 PM | 129 Views
HyperX®, the gaming division of Kingston Technology, has announced the Alloy FPS RGB Mechanical Gaming Keyboard and the Cloud Earbuds are both available in Malaysia.. See More
 
HyperX Brings Alloy FPS RGB and Cloud Earbuds to PC and Nintendo Switch Gamers
Techworld Date Posted: 5:13 PM | 129 Views
HyperX®, the gaming division of Kingston Technology, has announced the Alloy FPS RGB Mechanical Gaming Keyboard and the Cloud Earbuds are both available in Malaysia.See More

 
Power Mac Center Challenges Gamers Anew with ‘A.R.cadium’
Techworld Date Posted: 6 June 2018 1:21 PM | 282 Views
Power Mac Center brings back its hugely popular App Arcade Tournament Arcadium to challenge gamers in a new set of app arcade games for a chance to win exciting prizes. This year, the premier.... See More
 
Power Mac Center Challenges Gamers Anew with ‘A.R.cadium’
Techworld Date Posted: 1:21 PM | 282 Views
Power Mac Center brings back its hugely popular App Arcade Tournament Arcadium to challenge gamers in a new set of app arcade games for a chance to win exciting prizes. This year, the premier...See More

 
Kaspersky Interactive Protection Simulation Online Game Aims to Improve Cybersecurity Cooperation in PH Companies
Techworld Date Posted: 19 July 2018 3:08 PM | 642 Views
Kaspersky Lab conducted its first Kaspersky Interactive Protection Simulation Online training (KIPS Online) with the local technology media recently to highlight the importance of teamwork in corporate cybersecurity.   KIPS Online is a valuable.... See More
 
Kaspersky Interactive Protection Simulation Online Game Aims to Improve Cybersecurity Cooperation in PH Companies
Techworld Date Posted: 3:08 PM | 642 Views
Kaspersky Lab conducted its first Kaspersky Interactive Protection Simulation Online training (KIPS Online) with the local technology media recently to highlight the importance of teamwork in corporate cybersecurity.   KIPS Online is a valuable...See More

 
Transcend Wins Good Design Award 2018 in Japan
Techworld Date Posted: 16 October 2018 4:22 PM | 132 Views
Transcend Information, Inc. (Transcend®), a worldwide leader in storage and multimedia products, today announced that its JetDrive™ 855 SSD upgrade kit for Mac has won the "Good Design Award 2018" for its practical and.... See More
 
Transcend Wins Good Design Award 2018 in Japan
Techworld Date Posted: 4:22 PM | 132 Views
Transcend Information, Inc. (Transcend®), a worldwide leader in storage and multimedia products, today announced that its JetDrive™ 855 SSD upgrade kit for Mac has won the "Good Design Award 2018" for its practical and...See More

 
Get Your Hands on the Lenovo IdeaPad Gaming 330 Now
Techworld Date Posted: 14 February 2019 8:47 AM | 128 Views
Looking for a powerful gaming laptop but on a budget? Lenovo has got you covered as the global innovation leader is offering its IdeaPad Gaming 330 laptop at a discounted price for a limited.... See More
 
Get Your Hands on the Lenovo IdeaPad Gaming 330 Now
Techworld Date Posted: 8:47 AM | 128 Views
Looking for a powerful gaming laptop but on a budget? Lenovo has got you covered as the global innovation leader is offering its IdeaPad Gaming 330 laptop at a discounted price for a limited...See More


Power by

Download Free AZ | Free Wordpress Themes