DHF helps BBC TV's Watchdog expose rogue garage do... » Watchdog, the BBC TV consumer programme that exposes rogue traders, called on the DHF (Door & Hardwa... IGEL launches Next-Generation Universal Desktop ... » Reading: IGEL Technology has announced the introduction of its next-generation IGEL Universal Deskto... Intelliflo partners with Adapt to bring managed ... » London: Intelliflo has incorporated a managed Security-as-a-Service solution into its portfolio from... OEB: OECD Education Chief in Plea for Investment i... » A widening gap between rapid technological development and the skills necessary for the 21st century... Gallagher Mobile Connect launched » Hamilton, NZ.: Gallagher has announced the global release of its latest state-of-the-art mobile secu... Options completes major trading platform migr... » New York, London: Options has announced the successful platform migration for quantitative trading h... BeyondTrust adds File Integrity Monitoring for Uni... » PHOENIX: BeyondTrust has announced PowerBroker for Unix & Linux 9.4. PowerBroker, the most mature Un... Sopra Steria achieves AWS Financial Services Com... » London, UK: Sopra Steria has achieved Amazon Web Services (AWS) Financial Services Competency status... Intelliflo partners with Adapt to bring managed ... » London: Intelliflo has incorporated a managed Security-as-a-Service solution into its portfolio from... GOVERNMENT SUPPORTS ‘AWARDS FOR VALOUR (PROTECTION... » ir Michael Fallon, British Defence Secretary Vigilance can report that new proposals will make it...

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.