Wargaming reveals WG Labs » Wargaming has launched WG Labs, a lean and agile platform designed to foster innovation within the v... Criminals spying on high-value targets in Ukrain... » ESET is today issuing an analysis on Operation Potao Express, the cyberespionage group behind the Wi... University of Derby helps secure more than £1.9m... » Vigilance can report that the University of Derby, in collaboration with a number of police forces, ... Thales and Zettaset partner to deliver big data en... » Thales and Zettaset have launched a standards-based data encryption and key management solution desi... Imation provides new levels of data security » Using Lock & Key, organisations can enhance their security strategies by requiring a second factor o... Disjointed technologies biggest threat facing UK ... » Lack of qualified staff named second biggest challenge with user access and vulnerability management... PALFINGER records significant revenue growth and... » - Market success in Europe, North America, CIS and China boosted the Group's revenue by 14.1 per cen... AlienVault announces availability of updated open ... » LONDON, UK: AlienVault announced the general availability of an updated version of Open Threat Excha... BeyondTrust introduces first commercial least pr... » PHOENIX: BeyondTrust has announced the release of PowerBroker for Mac to address security and compli... Free mobile app helps integrators work more effici... » OTTAWA, ONTARIO: March Networks has launched a new version of its industry-first GURU Smartphone App...

CLICK HERE TO

Advertise with Vigilance

Got News?

Got news for Vigilance?

Have you got news/articles for us? We welcome news stories and articles from security experts, intelligence analysts, industry players, security correspondents in the main stream media and our numerous readers across the globe.

READ MORE

Subscribe to Vigilance Weekly

Information Security Header

According to US Attorney Loretta Lynch, "This was indeed the largest theft of this type that we have yet seen. This was a 21st century bank heist that reached through the Internet to span the globe. But, instead of guns and masks, this cybercrime organization used laptops and malware."

 

According to George Tubin, Senior Security Strategist, Trusteer, “It appears the criminals in this case used advanced malware to breach the corporate network of two unnamed credit card processors that process prepaid debit card transactions. This type of breach almost always starts with an employee PC being compromised with malware in order to gain a foothold into the corporate network. Once inside the corporate network, the criminals can do what they want - and this massive heist clearly demonstrates the free reign afforded the cybercriminals to alter highly sensitive, highly protected information to ultimately steal $45 million. Despite using market-leading endpoint and network protection solutions most large enterprises are (knowingly or unknowingly) still breached by advanced malware.”

Tubin continued, “The only way to prevent these attacks is to prevent advanced, information-stealing malware from compromising employee endpoints - the weakest link in the security chain - and then moving the attack inside the corporate network. Corporate breaches can only be prevented by stopping malicious files from invisibly sneaking onto employee computers through both unknown and unfixed software flaws (aka, vulnerabilities). Because, once malware infects the user's computer, it's game over.”

“While this particular crime was highly visible due to the stolen funds, many corporate breaches go unnoticed as sensitive corporate data and highly valuable intellectual property are siphoned electronically out of the corporate network”, he said.