Cyber gangs employ new tactics to rob bank clients

Cyber gangs employ new tactics to rob bank clients

Cyber criminals have successfully developed new tactics and techniques designed to rob bank clients.

Saudi Gazette report

JEDDAH — A recent report confirmed that cyber criminals have successfully adopted new tactics and techniques designed to rob bank clients, creating problems for financial institutions, Makkah daily reported.
The year 2016 saw a rapid increase in high-tech attacks targeting financial institutions.

The Kaspersky Lab report found that in 2017 Kaspersky Lab experts discovered more such attacks, including mysterious transaction in which criminals used malicious software and defragmented files to infect banking networks. The gangs use malicious software that has no impact, stealing cash from ATMs while being controlled and managed remotely.

While the world is witnessing a growth in cybercrime tactics over the past two years, and in light of mounting regulatory pressures and financial institutions› preparations to overcome the growing obstacles emerging in providing future protection for ATMs, points of sale and e-procurement devices, Kaspersky Lab launched a new version of its protection tools. It provides advanced protection for a variety of embedded systems that deliver and process highly sensitive financial data.

Dmitry Bestuzhev, director of Global Research & Analysis Team at Kaspersky Lab, said: “Enterprise-quality companies, especially those operating in the financial sector, will be under increasing regulatory pressure next year, given the recent surge in critical cyber security concerns in embedded systems such as ATMs and electronic procurement devices.

Currently, these companies need to implement a number of security tools to meet protection requirements. “As a kind of assistance, we offer a specialized individual solution with comprehensive and integrated features, including file integrity control and registry inspection to address the concerns of our customers,” Bestuzhev said.