Bordless Breaches and Migrating Malware
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The document summarizes cybercrime trends in 2015-2016 based on data from IBM X-Force. Key trends include an increase in attacks targeting higher value healthcare and financial data, the doubling of security incidents involving leaked healthcare records, and attacks becoming more sophisticated with malware migrating across borders indicating organized criminal gangs. Predictions for 2016 include continued growth of card-not-present and mobile fraud and the emergence of novel attacks targeting biometrics. Many incidents could have been avoided with better security basics like patching, access controls, and incident response planning.
Bordless Breaches and Migrating Malware
- 1. © 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
- 2. 2© 2015 IBM Corporation is the foundation for advanced security and threat research across the IBM Security Framework.
- 3. 3© 2015 IBM Corporation IBM X-Force® Research Vulnerability Protection IP Reputation Anti-Spam Malware Analysis Web Application Control URL / Web Filtering The IBM X-Force Mission Monitor and evaluate the rapidly changing threat landscape Research new attack techniques and develop protection for tomorrow’s security challenges Educate our customers and the general public Integrate and distribute Threat Protection and Intelligence to make IBM solutions smarter Expert analysis and data sharing on the global threat landscape Zero-day Research
- 4. 4© 2015 IBM Corporation Key Trends from 2015 4
- 5. 5© 2015 IBM Corporation Attacks are focusing on higher value data targets 2013 800,000,000+ records breached, with no signs of decreasing in the future 2014 1,000,000,000 records breached, while CISOs cite increasing risks from external threats 2015 Healthcare mega-breaches set the trend for high value targets of sensitive information Source: IBM X-Force Threat Intelligence Report - 2016
- 6. 6© 2015 IBM Corporation The number of security incidents involving the leak of healthcare records doubled from the previous year Banking / Financial, 22% Citizen Registry, 34% Creden- tials, 35% Health, 10% 2014 Banking / Financial, 14% Citizen Registry, 32%Creden- tials, 33% Health, 20% 2015 Source: IBM X-Force Interactive Security Incidents, count by incident based on type of records breached
- 7. 7© 2015 IBM Corporation Attacks on retail companies now include refined POS malware and niche payment systems Source: IBM X-Force Threat Intelligence Report - 2016
- 8. 8© 2015 IBM Corporation 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
- 9. 9© 2015 IBM Corporation 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 replace Healthcare 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
- 10. 10© 2015 IBM Corporation Source: IBM X-Force Threat Intelligence Report - 2016
- 11. 11© 2015 IBM Corporation 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
- 12. 12© 2015 IBM Corporation Cybercrime is no longer the domain of amateurs, but rather organized gangs Source: IBM X-Force Threat Intelligence Report - 2016
- 13. 13© 2015 IBM Corporation 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
- 14. 14© 2015 IBM Corporation … 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
- 15. 15© 2015 IBM Corporation 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.
- 16. 16© 2015 IBM Corporation 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
- 17. 17© 2015 IBM Corporation Cybercrime predictions for 2016 • 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 Card Fraud • 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 Mobile Malware • Biometric repositories hacked • Biometric ID used in fraud and sold or traded by cybercriminals Biometrics
- 18. 18© 2015 IBM Corporation 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.
- 19. 19© 2015 IBM Corporation 130+ countries where IBM delivers managed security services 25 industry analyst reports rank IBM Security as a LEADER No. 1 enterprise security software vendor in total revenue 12K+ clients protected including… 90% of the Fortune 100 companies Learn more about IBM X-Force Visit our web page ibm.com/security/xforce Watch our videos IBM Security YouTube Channel View upcoming webinars & blogs SecurityIntelligence.com Follow us on Twitter @ibmsecurity Join IBM X-Force Exchange xforce.ibmcloud.com
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