AV-TEST: Secucloud Mobile Security App named as ... » Hamburg, Germany: People now use their smartphone to access the internet more than any other device ... vCPE technology will create a “win-win” situatio... » LONDON: Enterprises demand is one of the key driving factors for cloud applications, but businesses ... BeyondTrust CEO, Kevin Hickey, elected to Arizona ... » PHOENIX: BeyondTrust has announced that its president and CEO, Kevin Hickey, has been elected to the... Greenwave Systems: “The Internet of Things is no... » London, UK: Learning from the past, taking security seriously and protecting the consumer must be at... First of the UK’s new nuclear deterrent subma... » Defence Secretary Michael Fallon  yesterday announced that, to mark Trafalgar Day, Her Majesty the Q... Pulse Secure launches promotion to simplify movi... » SAN JOSE, CALIF.: Pulse Secure has announced “Secure Access NOW” - a major new upgrade program to he... Unisys Appointment Manager moves to Microsoft Az... » LONDON: Unisys Corporation has announced that its Appointment Manager (AM) solution for financial se... WP engine brings improved SEO and Security to 50... » LONDON, UK: WP Engine has announced that it has made Let’s Encrypt™ SSL/TLS certificates freely avai... Courts crack down on unsafe doors and gates » The company responsible for a metal door that badly injured actor Harrison Ford on a Pinewood Studio... Neustar expands its footprint outside the USA... » LONDON and STERLING, Va.: Neustar, Inc. has expanded its EMEA headquarters to a new office location ...


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.


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.