banner
Jan 14, 2022
14 Views
0 0

Lazarus Group, Cobalt Gang and FIN7 the Worst Threat Actors Targeting the Financial Services Sector

Written by
banner

A new industry report by Blueliv, an Outpost24 company, has deep dived into the evolving threat landscape that is surrounding the financial services sector. Using advanced threat intelligence gathered by Blueliv’s Threat Compass; the Follow the Money report reveals the main cyber threats and the culprits behind these malicious attacks to forewarn these vital institutions. 
Threat intelligence gathered by Blueliv from the dark web and deep web showed that the main cyberthreats targeting the industry included: Phishing, Credential Theft, Ransomware, Business Email Compromise (BEC), Malware infection, Banking Trojans, Webinjects and Mobile App Malware.
Each of these attack vectors must be a focus of attention as they enable cybercriminals to commit fraud, successfully breach enterprises, cause reputational damage, manipulate the stock markets and lead to non-compliance penalties.
“While the financial services sector is largely aware of the threats that face them and is concerned about the impact cyberattacks can have, there is an acknowledgement that more needs to be done to secure their systems, networks, data and customers,” said Lidia Lopez, Threat Intelligence Analyst at Blueliv. 
The main threat actors targeting the banking and financial services sector, as revealed by the Blueliv Threat Context, are:
Lazarus Group has been linked to some of the most notorious cyberattacks in recent history, and some researchers have suggested that it may be backed by the North Korean government.
The Colbalt Gang has targeted FSIs around the world, including dozens of targets primarily located in Western Europe, Eastern Europe, and Central Asia. 
 The FIN7 group distributes point-of-sale (PoS) malware, often combined with remarkably bold social engineering techniques, such as calling up victims to ensure they open malicious files. 
Lopez continues, saying: “To tackle the increasing threat faced by financial institutions, actionable and automated threat intelligence must be used at the core of any defence strategy to provide security teams, and their tools, the necessary insight on where they need to prioritise their detection and response efforts to minimize the risk of potential attack and fraud attempts.”
Click here to read the full Follow the Money report.
The IT Security Guru offers a daily news digest of all the best breaking IT security news stories first thing in the morning! Rather than you having to trawl through all the news feeds to find out what’s cooking, you can quickly get everything you need from this site!

Our Address: 10 London Mews, London, W2 1HY
Follow Us
© 2015 – 2019 IT Security Guru – Website Managed by Calm Logic
© 2015 – 2019 IT Security Guru – Website Managed by Calm Logic
This site uses functional cookies and external scripts to improve your experience.
Privacy settings
Privacy Settings / PENDING
This site uses functional cookies and external scripts to improve your experience. Which cookies and scripts are used and how they impact your visit is specified on the left. You may change your settings at any time. Your choices will not impact your visit.
NOTE: These settings will only apply to the browser and device you are currently using.
GDPR Compliance

source

Article Categories:
Mobile Security
banner

Comments are closed.