Cyber Security News (27th March 2018)

  1. Leader of Hacking Group Who Stole $1 Billion From Banks Arrested In Spain

News day new bank malware. Spanish Police has arrested the alleged leader of an organized Russian cybercrime gang behind the Carbanak and Cobalt malware attacks, which stole over a billion euros from banks worldwide since 2013. In a coordinated operation with law enforcement agencies across the globe, including the FBI and Europol, Police detained the suspected leader of Carbanak hacking group in Alicante, Spain. Carbanak hacking group started its activities almost five years ago by launching a series of malware attack campaigns such as Anunak and Carbanak to compromise banks and ATM networks, from which they swiped millions of credit card details from US-based retailers. According to the Europol, the group later developed a sophisticated heist-ready banking malware known as Cobalt, based on the Cobalt Strike penetration testing software, which was in use until 2016. The group targeting users by  sending malicious spear-phishing emails to hundreds of employees at different banks, which if opened, infected computers with Carbanak malware, allowing hackers to transfer money from the banks to fake accounts or ATMs monitored by criminals.

Cyber security Tips: Users are strongly recommended that avoid opening any emails which come from unknown peoples, never click on any links without verifying, avoid installing software’s from unknown sources and keep updated antivirus in your system.

  1. Android Malware in QR Reader apps on Play Store downloaded 500k times

Another day, another Android malware.  This time the malware spams users with advertisements and web links to generate revenue. The IT security researchers at SophosLabs have discovered a new Android malware in seemingly harmless QR readers apps on Google Play Store called Andr/HiddnAd-AJ. The malware was found in six QR code reading apps and one was in smart compass. All the infected apps made to Play Store by evading Google’s Play Protect, an app developed to intensify further the security of systems running on Android. According to analysis, the malware works in such a way that once it infects the device, it waits up to six hours to start spamming the device with irritating large screen advertisements and notifications containing clickable links. Some of the apps were already downloaded over 500,000 times.

Cyber Security Tips: Users are strongly recommended that if you have downloaded any of these apps, remove them right now. Moreover, the only safe place for Android users to look for clean apps is still Play Store, therefore, avoid downloading unnecessary apps. Sophos Labs also recommend sticking to Google Play if possible.

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