Hackers target Indian Bank : Steal $13.5 Million across 3 days

Banks remain a favorite target of cyber criminal activities. Use of internet, virtualization and digitization has eased our business and dealing with money. On the other hand it has also escalated cyber crime activities.



In order to ameliorate the performance of financial transactions such as cash withdrawals, deposits, fetching account information, transfer funds etc the idea of cash machine was proposed in 1967. Since then these cash machines known as ATMs (Automated teller Machines) are widely used and besides offering convenience to the customers, they have also proven beneficial in reducing the workload of bank’s staff.

With the growing cyber crime activities, undertaking precautions and regularly updating cyber preparedness and defence mechanism is important. However a large number of institutions stir up only post an incident that causes financial misappropriation or loss of reputation.


Recently Cosmos Bank, India’s second largest cooperative bank suffered a breach on its servers that led hackers steal $13.5 million (approx 944 million rupees) over the weekend. Hackers carried out series of attacks in 2 hours across 28 countries to swindle bank accounts out of 805 million rupees in 14,849 transactions.

Read Full Article Click Here

Comments

Post a Comment

Popular posts from this blog

How to remove Speedtest-guide.com redirect from your system

Image
Guide to Remove Speedtest-guide.com redirect Speedtest-guide.com redirect is a nasty browser hijacker that changes the default browser settings such as home-page, search engine & new tab functionality. In addition to that, it displays annoying ads & causes infuriating redirects to dubious sites, thus deteriorating the web-browsing experience. This rogue browser redirector claims to be a free tool that can be used to test Internet speed & customize the web search. It also enables the users to keep a track of the previous tests & access speed boosting tips. While Speedtest-guide.com appears to be a useful & legit application, the users have reported of its questionable behavior. Firstly, to operate on a system, it requires modifying the browser settings without user’s permission. It does so to promote a fake search engine - Speedtest-guide.com. It causes unnecessary browser redirects & possesses the capability of tracking down user’s online
Read more

The novel DNS protocol helps Mozart Malware evade detection

Image
The nasty Mozart Malware has made a major comeback in the cyber-world. Yes, the devious malware known for infecting the Home Depot Inc, United States & breaching data is now using a novel DNS protocol to communicate with the remote hackers. This new DNS Protocol is also being used by Mozart Malware to remain under the radar of security solutions & other intrusion detection systems. Read on to know more about this backdoor malware. The First Attack of Mozart Malware Mozart malware made its first appearance in September 2014 after it hacked the Home Depot Inc., United States. According to the sources, this earlier unknown & unseen malware was specifically crafted to attack the Home Depot, the largest home development vendor in the United States. The word “Mozart” was observed in the software’s malicious code& it is suspected to have connections with the hacker’s system, the sources state. Read Full Article
Read more

How to remove ZUpdater.exe Trojan from your system?

Image
Guide to Remove ZUpdater.exe Trojan - ZUpdater.exe Trojan is a nasty threat to the Windows OS based devices. It uses the infected system’s resources to generate illicit crypto currency without the user’s permission or knowledge. Software Bundling & Free Programs are the prime methods used by ZUpdater.exe Trojan to proliferate its infection. Some of the free downloads offered on the internet do not reveal if other software is being installed in the background. Thus, they easily make their way into the system without user’s consent. Once ZUpdater.exe virus is installed, it consumes over 90% of the CPU’s power & graphics card power of the targeted system. This way, it makes the system extremely sluggish & deteriorates the performance of the PC. According to cyber-security analysts, while the system is running slow, hackers use computer’s resources to generate illicit revenue for themselves. Victims from around the world are looking for ways to remove
Read more