bordless breaches and migrating malware
TRANSCRIPT
© 2015 IBM Corporation
How Cybercrime is Breaking Down Barriers to your Data
Etay Maor
Sr. Fraud Prevention Strategist
March 2016
Borderless Breaches and Migrating Malware
Limor Kessem
Cybersecurity Evangelist
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is the foundation for advanced security and threat research across the IBM Security Framework.
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Key Trends from 2015
4
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Attacks are focusing on higher value data targets
2013800,000,000+ records breached, with no signs of decreasing in the future
20141,000,000,000 records
breached, while CISOs cite increasing risks from external threats
2015Healthcare mega-breaches
set the trend for high value targets of sensitive information
Source: IBM X-Force Threat Intelligence Report - 2016
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The number of security incidents involving the leak of healthcare records doubled from the previous year
Banking / Financial;
22%
Citizen Reg-istry; 34%
Creden-tials; 35%
Health; 10%2014
Banking / Financial;
14%
Citizen Reg-istry; 32%Creden-tials;
33%
Health; 20%
2015
Source: IBM X-Force Interactive Security Incidents, count by incident based on type of records breached
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Attacks on retail companies now include refined POS malware and niche payment systems
Source: IBM X-Force Threat Intelligence Report - 2016
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Classic attacks like DDoS and malware continued to be successful because of a lack of practiced security fundamentals
Source: IBM X-Force Threat Intelligence Report - 2016
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Breaches of durable PII bring attention to the complex intersection between digital and physical identities
• 100M healthcare records were exposed in five mega-breaches
• Durable PII is harder to replaceHealthcare PII
• Breaches at adult dating websites exposed sexual preferences and infidelities
• Opens opportunities for extortion and increased social engineering intelligence
• The breaches were linked to a number of suicides of affected victims
Sensitive Personal Data
• Increasing amounts of bandwidth, with the highest reported attack >600Gbps.
• The attack can affect not only the targeted domain, but also other sites and services managed by the ISP.
DDoS
• The success of ransomware laid the groundwork for other types of cyber-extortion.
• Bitcoin ransom demands range from a few hundred to tens of thousands of US dollars.
Cyber-Extortion
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Source: IBM X-Force Threat Intelligence Report - 2016
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Our predictions on cybercrime for 2015 not only came true, but also exceeded expectations
Cybercriminals breaking borders
Card-not-present (CNP) fraud rise and attacks on EMV
Escalation of sophistication of mobile threats, including exploit packs and device takeover
Widespread use of anonymity networks and stronger encryption
Burgeoning fraud methods for new payment schemes
Biometrics as a target
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Cybercrime is no longer the domain of amateurs, but rather organized gangs
Source: IBM X-Force Threat Intelligence Report - 2016
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Malware is migrating across borders…
Malware leaps across target countries are indicative of increasing sophistication and organization in crime rings because they
require more than simple changes to configuration files.
Source: IBM X-Force Threat Intelligence Report - 2016
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… indicating growing sophistication needed to organize these new geographic targets
Develop or buy social engineering emails for the target geography
Rent or pay for localized spam spreading
Study local banks’ authentication requirements
Develop web-injections to correspond with the transaction flow, language, and look & feel for each target
Have local criminals and money mules ready to use
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Malware scaled up by shifting some targets to businesses rather than consumers
New malware modules, like “pn32” in Dyre, can harvest user credentials for enterprise email servers.
BEC fraud initiates credible-looking email to company accountant to make large wire transfers.
Extortion and ransom demands are targeted at company’s or client data.
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New malware techniques include overlay malware on the mobile operating system
Mobile overlay malware offers a one-stop shop for blackhats– Works with bank apps and other applications that use HTML/JS injections– Enable credential collection
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Cybercrime predictions for 2016
Card Fraud
• CNP will grow and increase in sophistication
• Skimming will die out, give way to ATM “shimmers”
• Novel EMV attacks will emerge, such as automated EMV replay attacks
Mobile Malware
• Apps run in a compromised OS, creating uncontrollable security gaps
• New Windows 10 app platform enables one app to run on every Windows device, including phones, tablets, laptops, and Xbox gaming platform
Biometrics
• Biometric repositories hacked
• Biometric ID used in fraud and sold or traded by cybercriminals
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Many of the incidents we’ve seen could be avoided with a focus on security basics
Instrument your environment with effective detection.
Keep up with threat intelligence.
Maintain a current and accurate asset inventory.
Maintain identity governance to audit and enforce access rules & permissions.
Have a patching solution that covers your entire infrastructure.
Implement mitigating controls.
Create and practice a broad incident response plan.
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