bank fraud


Last week, an unidentified malware (with SHA-256 171693ab13668c6004a1e08b83c9877a55f150aaa6d8a624c3f8ffc712b22f0b) was discovered and circulated on Twitter by researcher @JAMES_MHT. Many researchers - including us - were unable to identify the malware so we decided to dig a bit further. In this post, we will share our findings about this malware: its targets, technical analysis, the related attacks and the threat actor behind it. Targets One of the first things we wanted to know is if this malware has a specific target--thanks to researcher... [Read More]
by RSS Floser Bacurio and Roland Dela Paz  |  Jun 21, 2016  |  Filed in: Security Research
Mobile banking is a convenient way for users to complete transactions anywhere and anytime. KPMG predicts that the mobile banking user base will grow to 1.8 billion by 2019. And, when money is involved, the bad guys always find creative ways to steal it. Now they are increasingly doing so on the Android platform in the same way they did for online banking on PCs.  In the beginning of December, the Association of Banks in Singapore (ABS) released an advisory on mobile banking malware infecting Android smartphones and the substantial... [Read More]
by RSS Floser Bacurio  |  Dec 09, 2015  |  Filed in: Security Research
We recently had a company contact us regarding an email they received from their bank. The company's access to its online banking account was blocked by its bank due to fraudulent activity observed through the account. A screenshot of the email received can be seen below. What I found extremely strange and suspicious about the email, and set the alarm bells ringing in my head, was the fact that the email contained 5 zip-compressed images as attachments. After going through it a second time, even the Anti-Virus link started to feel suspicious. Even... [Read More]
by RSS Ruchna Nigam  |  Jul 30, 2012  |  Filed in: Security Research