Beware of Banking Trojans

Criminal gangs are after your money, and a few of them may be smart enough to get it.

Banking Trojans have been around since at least 2007 and they have become part of our everyday lives. In recent months, ZeuS Trojans have targeted to Finnish banks, resulting in financial losses for hundreds of customers. The success of these trojans has been startling and similar attacks are occuring around the globe.

How does a ZeuS Trojan work?

First, a trojan has to find a computer that is not fully protected. Once it infects a PC, the malicious software sits waiting until it is activated when a customer establishes an online connection to his or her bank.

When this happened to customers in Finland, they saw a message that said, “We are sorry, there is an error and we are working to fix it.” At that point the attack is a success. Personal information provided by the customers can then be exploited and cash transfers can then begin. Often customers do not even realize that they’ve been attacked until long after the transfers are made.

F-Secure’s Labs’ Threat Research Team has been investigating banking trojan cases for more than half of a decade. F-Secure’s Security Advisor Sean Sullivan says: “While Finnish banks have excellent safeguards and protections, we should remember that some of those protections are almost 20 years old. Cyber criminals have had plenty of time to work out new strategies.”

What can we do to protect ourselves?

Here’s Sean’s advice:

1) Don’t panic. It’s a real problem, but no more so than getting your pocket picked in the real world.

2) Keep your software up to date, and uninstall that which you don’t use. (e.g., Java). We recommend F-Secure’s Internet Security 2012, of course.

3) If you feel there’s something unusual about your online banking experience, call your bank and chat with their support. They are more than happy to help you!

Cheers,

Anna

CC image by: BFS Man

More posts from this topic

IMG_3395

5 ways to get ready to ask Mikko anything

It's like a press conference anyone can join from anywhere. And even if you don't have a question, you can upvote the ones you don't like and downvote the ones you do. President Obama did one. Snoop Dogg/Snoop Lion did one. An astronaut did one from outer space. And our Mikko Hypponen will sit down for his second Reddit AMA on December 2 at 9 AM ET. If you have something you've wanted to ask him about online security, great. If not, here are five resources that document some of Mikko's more than two decades in the security industry to prod you or prepare you. 1. Check out this 2004 profile of his work from Vanity Fair. 2. Watch his 3 talks that have been featured on TED.com. [protected-iframe id="7579bbf790267cc081ac7d92d951262c-10874323-9129869" info="https://embed-ssl.ted.com/talks/mikko_hypponen_fighting_viruses_defending_the_net.html" width="640" height="360" frameborder="0" scrolling="no" webkitallowfullscreen="" mozallowfullscreen="" allowfullscreen=""] [protected-iframe id="fdf818f4afa2f7dcb179c5516c44918c-10874323-9129869" info="https://embed-ssl.ted.com/talks/mikko_hypponen_three_types_of_online_attack.html" width="640" height="360" frameborder="0" scrolling="no" webkitallowfullscreen="" mozallowfullscreen="" allowfullscreen=""] [protected-iframe id="54be2fe9bce28ae991becbe3d4291e56-10874323-9129869" info="https://embed-ssl.ted.com/talks/mikko_hypponen_how_the_nsa_betrayed_the_world_s_trust_time_to_act.html" width="640" height="360" frameborder="0" scrolling="no" webkitallowfullscreen="" mozallowfullscreen="" allowfullscreen=""] 3. Check out his first AMA, which took place just after his first talk at TEDglobal was published. 4. Take a trip to Pakistan with Mikko to meet the creators of the first PC virus. [protected-iframe id="8c0605f62076aa901ed165dbd3f4fcd7-10874323-9129869" info="//www.youtube-nocookie.com/v/lnedOWfPKT0?version=3&hl=en_US&rel=0" width="640" height="360"] 5. To get a sense of what he's been thinking about recently, watch his most recent talk at Black Hat "Governments as Malware Creators". [protected-iframe id="54b24406f022e81b15ad6dadf2adfc93-10874323-9129869" info="//www.youtube-nocookie.com/v/txknsq5Z5-8?hl=en_US&version=3&rel=0" width="640" height="360"] BONUS: Make sure you follow him on Twitter to get a constant stream of insight about online security, privacy and classic arcade games. Cheers, Sandra

Nov 14, 2014
bash

Shellshock only concerns server admins – WRONG

Yet another high-profile vulnerability in the headlines, Shellshock. This one could be a big issue. The crap could really hit the fan big time if someone creates a worm that infects servers, and that is possible. But the situation seems to be brighter for us ordinary users. The affected component is the Unix/Linux command shell Bash, which is only used by nerdy admins. It is present in Macs as well, but they seem to be unaffected. Linux-based Android does not use Bash and Windows is a totally different world. So we ordinary users can relax and forget about this one. We are not affected. Right? WRONG! Where is your cloud content stored? What kind of software is used to protect your login and password, credit card number, your mail correspondence, your social media updates and all other personal info you store in web-based systems? Exactly. A significant part of that may be on systems that are vulnerable to Shellshock, and that makes you vulnerable. The best protection against vulnerabilities on your own devices is to make sure the automatic update services are enabled and working. That is like outsourcing the worries to professionals, they will create and distribute fixes when vulnerabilities are found. But what about the servers? You have no way to affect how they are managed, and you don’t even know if the services you use are affected. Is there anything you can do? Yes, but only indirectly. This issue is an excellent reminder of some very basic security principles. We have repeated them over and over, but they deserve to be repeated once again now. You can’t control how your web service providers manage their servers, but you can choose which providers you trust. Prefer services that are managed professionally. Remember that you always can, and should, demand more from services you pay for. Never reuse your password on different services. This will not prevent intrusions, but it will limit the damage when someone breaks into the system. You may still be hurt by a Shellshock-based intrusion even if you do this, but the risk should be small and the damage limited. Anyway, you know you have done your part, and its bad luck if an incident hurts you despite that. Safe surfing, Micke   PS. The best way to evaluate a service provider’s security practices is to see how they deal with security incidents. It tells a lot about their attitude, which is crucial in all security work. An incident is bad, but a swift, accurate and open response is very good.   Addition on September 30th. Contrary to what's stated above, Mac computers seem to be affected and Apple has released a patch. It's of course important to keep your device patched, but this does not really affect the main point of this article. Your cloud content is valuable and part of that may be on vulnerable servers.  

Sep 26, 2014
BY 
APPLE WATCH

Why your Apple Watch will probably never be infected by malware

On Tuesday Apple announced its latest iPhone models and a new piece of wearable technology some have been anxiously waiting for -- Apple Watch. TechRadar describes the latest innovation from Cupertino as "An iOS 8-friendly watch that plays nice with your iPhone." And if it works like your iPhone, you can expect that it will free of all mobile malware threats, unless you decide to "jailbreak" it. The latest F-Secure Labs Threat Report clears up one big misconception about iOS malware: It does exist, barely. In the first half of 2014, 295 new families and variants or mobile malware were discovered – 294 on Android and one on iOS.  iPhone users can face phishing scams and Wi-Fi hijacking, which is why we created our Freedome VPN, but the threat of getting a bad app on your iOS device is almost non-existent. "Unlike Android, malware on iOS have so far only been effective against jailbroken devices, making the jailbreak tools created by various hacker outfits (and which usually work by exploiting undocumented bugs in the platform) of interest to security researchers," the report explains. The iOS threat that was found earlier this year, Unflod Baby Panda, was designed to listen to outgoing SSL connections in order to steal the device’s Apple ID and password details. Apple ID and passwords have been in the news recently as they may have played a role in a series of hacks of celebrity iCloud accounts that led to the posting of dozens of private photos. Our Mikko Hypponen explained in our latest Threat Report Webinar that many users have been using these accounts for years, mostly to purchase items in the iTunes store, without realizing how much data they were actually protecting. But Unflod Baby Panda is very unlikely to have played any role in the celebrity hacks, as "jailbreaking" a device is still very rare. Few users know about the hack that gives up the protection of the "closed garden" approach of the iOS app store, which has been incredibly successful in keeping malware off the platform, especially compared to the more open Android landscape. The official Play store has seen some infiltration by bad apps, adware and spamware -- as has the iOS app store to a far lesser degree -- but the majority of Android threats come from third-party marketplaces, which is why F-Secure Labs recommends you avoid them. The vast majority of iPhone owners have never had to worry about malware -- and if the Apple Watch employs the some tight restrictions on apps, the device will likely be free of security concerns. However, having a watch with the power of a smartphone attached to your body nearly twenty-four hours a day promises to introduce privacy questions few have ever considered.    

Sep 9, 2014
BY