Cybercrime

Pierluigi Paganini June 07, 2013
Facebook Zeus malware targeting bank accounts

Principal security firms detected a new variant of Facebook Zeus malware that is exploiting the popular social network to target user’s bank accounts. A Facebook Zeus malware variant (aka ZeuS/ZBOT) has been detected by principal security firms confirming the longevity of malicious code and the ability of cybercrime to customize it according to its needs. Symantec […]

Pierluigi Paganini June 06, 2013
The business behind a cashout service for cybercriminals

An interesting post by Brian Krebs is food for thought on the business behind a cashout service for cybercriminals. Brian Krebs has recently published an interesting post on his KrebsOnSecurity blog regarding the way cyber criminals cashout their money through a dedicated cashout service. The conversion of ill-gotten gains into cash, The “Cashout”, is considered most risky […]

Pierluigi Paganini June 03, 2013
Senior management considered a primary target by modern cybercrime

According to a recent research of Group-IB on cybercrime senior management is considered among most privileged targets. Group-IB is one of the leading companies in fraud prevention, cybercrime and high-tech crime investigations, it is IMPACT-ITU member and one of most active firms in the analysis if cyber criminal phenomena. The firm reported that cyber criminals use personal and confidential data of […]

Pierluigi Paganini June 01, 2013
Liberty Reserve suspension and impact on criminal underground

Private currency exchange system Liberty Reserve was shut down by US law enforcement, it is considered most popular payment system by cyber criminals. Liberty Reserve is a private currency exchange system issued by Liberty Reserve S.A. Of San José, Costa Rica that was shut down by US law enforcement with a deep impact on cybercriminal underground. The […]

Pierluigi Paganini May 24, 2013
US critical infrastructure under unceasing cyber attacks

US Congressmen Ed Markey and Henry Waxman issued the report “Electric grid vulnerability” on the level of security for US critical infrastructure. Attack on critical infrastructure is the main concern for worldwide security community, every government has become aware of the risks related to a cyber attack against their own country and is investing to improve its cyber capabilities. […]

Pierluigi Paganini May 23, 2013
Cost of cybercrime for UK Small Businesses

The Federation of Small Businesses issued an interesting study on cost of cybercrime suffered by small businesses in the UK. Cost of cybercrime is usually evaluated for large corporate underestimating its dramatic effect on small business, small companies are in fact most vulnerable to the increasing cyber criminals and hacktivists. An interesting study conducted by […]

Pierluigi Paganini May 21, 2013
Zero-day market, the governments are the main buyers

Governments, and in particular US one, are principal buyers of zero-day vulnerabilities according a report published by Reuters. Zero-days exploits are considered a primary ingredient for success of a cyber attack, the knowledge of zero-day flaw gives to the attacker guarantee of success, state-sponsored hackers and cyber criminals consider zero-day exploits a precious resources around […]

Pierluigi Paganini May 20, 2013
WSIS Forum 2013 – Securing Cyberspace in a borderless world

“Securing Cyberspace in a borderless world: Vision 2015 and Beyond” is the title of a High Level Dialogue that was held during The World Summit on the Information Society Forum (WSIS) 2013. The World Summit on the Information Society Forum (WSIS) represents the world’s largest annual gathering of the ICT for development  community, the event is organized […]

Pierluigi Paganini May 17, 2013
Group-IB Exclusive details on Kangoo botnet that hit Australian banks

Group-IB researchers have detected a new botnet named Kangoo that infected more than 150 000 machines mainly targeting Australian banks. Group-IB researchers have detected a new botnet named Kangoo that infected more than 150 000 machines, specialists dubbed it «Kangoo» due the presence of  a kangaroo logo on the WEB-interface of the C&C administrative panel. The botnet mainly […]

Pierluigi Paganini May 14, 2013
New trends in the underground market, the offer of cybercrime

The monitoring of the criminal underground is essential to understand the dynamics of cybercrime and related offer on the black market. At fixed intervals I decided to take a look at what is happening in the underground black market analyzing how evolves its offer and the related sales models. In the last months it has been […]