You may be surprised to learn that a particular malware is responsible for data theft in over 20% of financial institutions and other verticals in 2019. Watering hole attacks involve a web server that hosts files or applications where the website or files on the site become weaponized with malware. While recent news cycles have shined a spotlight on ransomware and crimeware, malware is not a new concept.
Whilst researching recent client-side attacks our security team observed a highly-sophisticated self-cleaning and self-destructing skimmer on the popular hardware tool website Greenworks. The hack was first spotted by RapidSpike’s Client-Side Security Scanner on June 8th, and at the time of writing, the hack is still live on www.greenworkstools.com/.
Malware attacks are evolving and once common tactics are becoming a thing of the past. Attack strategies, like using a third-party hacking program or injecting viruses from external sources, are almost obsolete as they leave a distinct footprint. Most antimalware tools can now detect the presence of a foreign program or device and immediately block them.
Ransomware is a serious threat to institutions of all kinds, resulting in mounting costs for organizations that must literally pay ransom to regain access to their essential systems. A ransomware attack takes place when a cybercriminal denies an organization access to the data it needs to conduct business, usually by encrypting the data with a secret key. The attacker then offers to reveal the encryption key in exchange for a payment. The payment can vary in amount or kind.