Experts Analysis Of Backdoor Campaign Targetting US Financial Sector

In response to reports indicating the financial services sector in the U.S was hit by cyber attacks last month through a Minebridge backdoor, experts provide an analysis below.

Erich Kron, Security Awareness Advocate,  KnowBe4
February 10, 2020
It is also important for organizations to have a process in place for reporting suspected phishing emails when users do spot them.
This is obviously a very targeted attack against the financial sector, however it uses attack methods applicable to any industry. The use of tax-related themes in email phishing attacks is very common during the first quarter of the year and continues as resumes and invoices throughout the year. They are designed to fit in with the types of messages we expect to see at this time, which tricks peop ....
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Roger Grimes, Data-driven Defence Evangelist ,  KnowBe4
February 10, 2020
There are some efforts like the UN Convention on Cybercrime which are attempting to get more international cooperation.
It’s no surprise that most of these attacks are coming from social engineering attacks. Seventy to ninety percent of all malicious data breaches occur because of social engineering. The most popular attack method for 3 decades remains the most popular attack method. What is changing is the sophistication of the attacks and the sheer criminality. These are full-time professionals working in compa ....
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