Online scams and scammers have been increasing day by day. That’s the reason why all the techniques for current risks are left behind, after all, we have done. Unknowingly we make mistakes every day that could put us at more risks than we could be.
Ultimately, the only lesson you can get from this is that you can’t avoid the silly mistakes you make every day while being online. Some of us are programmers, some of us are developers, and some of us are practitioners that always try to make some research out of new software and other things.
These kinds of things come in the observation of the attackers too fast and they try to create things that interpret our works and slightly & sneakily steal our data. Data’s not a simple thing that can be mistreated or anything that is related to yourself or your company must not become part of mockery.
As an example, we want to talk about some of the recent news that has been in the headlines for a long time and which created chaos in the whole world. We know that businesses aren’t offline in most cases now because most businesses have climbed stairs to online platforms to generate online revenue too.
In this case, they need online banks to transact payments in different states. Let’s assume they do even have those. Now, if we’re talking about online transactions that means we can’t assume that the sale is going to come from a single place, right?
Following that, businesses look up to the place they are standing and some of them got themselves serving people overseas. Then how is it possible a single bank could provide all the benefits of international transactions that could only be provided to trusted people?
Not only do people get into the judgmental area but the banks also have to suffer because of that. The news on the top of that headline states that an attacker hacked IBAN (International Bank Account Number) via IBAN Clippers. Let’s see what was the whole mess up and how did it happen.
IBAN MALWARE CLIPPER RELATION
Adversaries are on the urge of taking advantage of the complexity of the International Bank Account Number’s structure. That’s just simply to run fraud actions. To swap the IBAN Accounts with their own accounts, attackers used IBAN Clippers.
On a Cybercrime forum, Cybele Research Labs observed an adversary promoting monthly subscription-based facilities of clipper malware. That basically attacks the victims’ Windows OS.
- According to the researchers, attackers gain the ability to modify IBAN from the victim’s clipboard via a C2 Panel. Ultimately, hijacking any ongoing transaction on the victim’s system became easy for them.
- Moreover, attackers were found to be guilty of the matter that they were only trying to offer malware solutions for targeting IBANS located. The area they chose for this attack was Single Euro Payment Area (SEPA) registered countries.
In Oct 2013, the first victim of the IBAN Swap Malware was found to be the financial sector. From that time, the evolution of the malware rapidly increased, just in case a new security patch was introduced.
Process of the Attack | International Bank Account Number
Via Phishing Emails, Attachments, Malicious URLs, or downloading suspicious software online, the clipper got its way to the victim’s system.
After this event, a video was shared online in which a test was done on a machine. When you’re done with the implementation, the clipper runs several actions to replace the victim’s IBAN with the adversary’s own IBAN. In the end, the transactions were all transferred to the adversary’s account.
As you can see that the malware and technology are now attached and made a form that is invisible to the eye of a normal person. That could happen only in case the person doesn’t know about the malware and ways to protect the system they own. You must learn what malware is and how you would protect yourself from such an attack. Grow more!
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