Friday, August 30, 2013

Cybercriminals increase sophistication, targets French companies


Symantec, reputed for providing analytics on cyber security, storage and systems management solutions has raised an alarm that cyber criminals operations are becoming increasingly sophisticated, just as they target French companies.

The latest alert made available to DigitalSENSE Business News by the Group Public Relations Manager, Europe, Middle East and Africa (EMEA) Mid-Size & Growth Countries, Ms Katie Beck made this revelation, saying that Symantec had reported additional information about the highly unusual, very aggressive social engineering tricks being employed by attackers targeting multiple French-based companies.

Beck said that the goal of the latest scheme is to wire funds to an offshore account.
Many organizations and their banks employ defenses to prevent unauthorized money transfers, however, but leveraging a convincing array of email, phone, fax and other communications targeting the victims, Symantec said, the attackers have been able to defeat each of the defensive practices.

“In most cases, the first victim was an administrative assistant or accountant within the organization,” part of the release read.

In cases where the initial victim did not have rights to wire funds, the report added, the attacker used the victim’s credentials to identify an employee within the accounting department that had this authority.

Notably, Symantec says attacks were indeed originating from a mobile network and that the attacker is uses MiFi cards (GSM cellular radios that can provide Internet access to a computer system through the mobile phone network) and was on the move when conducting the attacks.


“… Making the attacker extremely difficult to trace, since finding a moving MiFi card requires active on-the-ground on-call personnel with special equipment and the telecom provider’s assistance to triangulate the location,” Symantec report revealed.

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