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Massive profits for hackers

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With automated tools and hackers for hire, cybercrime has turned into a game for profit. Recent research from F5 Labs shows that out of 429 reported breaches studied between 2005 and 2017, hackers gained $2.75 billion on the black market.

The digital world has opened the door to unprecedented levels of malicious attacks, putting applications, corporate data, operational infrastructure, and reputations at risk. The consequence is that many CISOs and C-Suite executives are falling on their swords due to serious data breaches. In addition, cuts to IT budgets and slashes in resources mean the onslaught of cyber-attacks is leaving many organisations vulnerable.

Offensive Moves

New cloud-based apps create a host of complex challenges and new risks. Hackers thrive in this fast-paced environment of uncertainty and development. In fencing, a “disengage” is a move used to trick the opponent by attacking a specific target and moving in a semi-circle arc to strike a different area. Today’s hacker is similarly deceptive, wielding seven common threat techniques for maximum disruption and profit. Their key offensive moves include Malicious Bots, Credential stuffing, DDoS, Ransomware, Web fraud, Phishing, and Malware.

What do these attacks have in common? They are frequently associated with malicious bots as the delivery mechanism or the exploit kit. According to Verizon’s latest Data Breach Investigations Report, 77% of web application breaches were associated with the use of botnets to carry out the attacks.

On the web fraud front, attacks often stem from Man-in-the-Browser Injection techniques, delivering a Trickbot via phishing, drive-by-download, or SMB ports. Java-script is then injected into users’ browsing e-commerce or banking sites. This allows attackers to access credentials and steal from bank accounts.

Phishing scams are also on the rise. Attackers typically use this method to trick people into clicking on a link that can infect their system with malware or take them to a fake website designed to steal personal information. In the first quarter of 2017, a new specimen of phishing and malware emerged every 4.2 seconds.

Credential stuffing is another growing concern. Here, cybercriminals turn to the dark web to purchase previously stolen usernames and passwords. They then make repeated attempts with automated tools to “stuff” the login fields of other websites with the credentials to gain access to accounts held by corporate users or customers. If users reuse their passwords, then the likelihood is that their credentials have already been stolen.

DDoS, meanwhile, is here to stay and becoming increasingly tricky to defend against. These days, attacks can range from prankster activity to targeted acts of retaliation, protest, theft and extortion. Attackers often use readily available DDoS tools to disrupt service availability and businesses’ performance. There are four main types of attacks: volumetric (flood-based attacks), asymmetric (invoke timeouts), computational (consume CPU and memory), and vulnerability-based (exploit application software). The most damaging DDoS attacks mix volumetric attacks with targeted, application-specific attacks.

Defensive moves

Security experts recommend that a robust web application firewall (WAF) is the first piece of your armour against credential stuffing attacks. It is the equivalent of the fencer’s “riposte” – an adroit transformation defence into attack. A full-featured modern WAF, enables businesses to tackle offensive moves head on with advanced bot detection and prevention. This is essential as most attacks are launched using automated programmes. By analysing behaviours, such as IP location, time of day, and connection attempts per second, a WAF can help your security team identify non-browser login attempts.

It is also important to ensure that data in the browser or on your mobile applications is encrypted, protecting all the information transferred from users and rendering any intercepted data worthless. As an added layer of security, you can force the form parameters to be encrypted using a client-side function. Automated credential stuffing tools will be hard-pressed to properly execute the page to encrypt the form fields and send the correct secure channel cookie. When the bots submit unencrypted credentials, it will trigger a system alert to let your security team know that a credential stuffing attack is taking place.

Set up policies that make it easy for users to change passwords regularly so they avoid repeat usage on multiple sites and can report an incident to IT immediately if they think they have clicked on a malware link in a phishing email.

A smart move

In the cut and thrust of cybercrime, threat intelligence is fundamental. Greater visibility, context, and control are critical to protecting infrastructure, applications, and sensitive data. It is vital to adapt your strategy to fortify applications with cutting-edge security tools, and shift resources to deliver a swift blow to malicious moves from hackers, ensuring operations remain smart, fast and safe – On guard!

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Now download a bank account

Absa has introduced an end-to-end account opening for new customers, through the Absa Banking App, which can be downloaded from the Android and Apple app stores. This follows the launch of the world first ChatBanking on WhatsApp service.

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This “download your account” feature enables new customers to Absa, to open a Cheque account, order their card and start transacting on the Absa Banking App, all within minutes, from anywhere and at any time, by downloading it from the App stores.

“Overall, this new capability is not only expected to enhance the customer’s digital experience, but we expect to leverage this in our branches, bringing digital experiences to the branch environment and making it easier for our customers to join and bank with us regardless of where they may be,” says Aupa Monyatsi, Managing Executive for Virtual Channels at Absa Retail & Business Banking.

“With this innovation comes the need to ensure that the security of our customers is at the heart of our digital experience, this is why the digital onboarding experience for this feature includes a high-quality facial matching check with the Department of Home Affairs to verify the customer’s identity, ensuring that we have the most up to date information of our clients. Security is supremely important for us.”

The new version of the Absa Banking App is now available in the Apple and Android App stores, and anyone with a South African ID can become an Absa customer, by following these simple steps:

  1. Download the Absa App
  2. Choose the account you would like to open
  3. Tell us who you are
  4. To keep you safe, we will verify your cell phone number
  5. Take a selfie, and we will do facial matching with the Department of Home Affairs to confirm you are who you say you are
  6. Tell us where you live
  7. Let us know what you do for a living and your income
  8. Click Apply.

 

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How we use phones to avoid human contact

A recent study by Kaspersky Lab has found that 75% of people pick up their connected device to avoid conversing with another human being.

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Connected devices are becoming essential to keeping people in contact with each other, but for many they are also a much-needed comfort blanket in a variety of social situations when they do not want to interact with others. A recent survey from Kaspersky Lab has confirmed this trend in behaviour after three-quarters of people (75%) admitted they use a device to pretend to be busy when they don’t want to talk to someone else, showing the importance of keeping connected devices protected under all circumstances. 

Imagine you’ve arrived at a bar and you’re waiting for your date. The bar is busy, and people are chatting all around you. What do you do now? Strike up a conversation with someone you don’t know? Grab your phone from your pocket or handbag until your date arrives to keep yourself busy? Why talk to humans or even make eye-contact with someone else when you can stare at your connected device instead?

The truth is, our use of devices is making it much easier to avoid small talk or even be polite to those around us, and new Kaspersky Lab research has found that 72% of people use one when they do not know what to do in a social situation. They are also the ‘go-to’ distraction for people even when they aren’t trying to look busy or avoid someone’s eye. 46% of people admit to using a device just to kill time every day and 44% use it as a daily distraction.

In addition to just being a distraction, devices are also a lifeline to those who would rather not talk directly to another person in day-to-day situations, to complete essential tasks. In fact, nearly a third (31%) of people would prefer to carry out tasks such as ordering a taxi or finding directions to where they need to go via a website and an app, because they find it an easier experience than speaking with another person.

Whether they are helping us avoid direct contact or filling a void in our daily lives, our constant reliance on devices has become a cause for panic when they become unusable. A third (34%) of people worry that they will not be able to entertain themselves if they cannot access a connected device. 12% are even concerned that they won’t be able to pretend to be busy if their device is out of action.

Dmitry Aleshin, VP for Product Marketing, Kaspersky Lab said, “The reliance on connected devices is impacting us in more ways than we could have ever expected. There is no doubt that being connected gives us the freedom to make modern life easier, but devices are also vital to help people get through different and difficult social situations. No matter what your ‘connection crutch’ is, it is essential to make sure your device is online and available when you need it most.”

To ensure your device lifeline is always there and in top health – no matter what the reason or situation – Kaspersky Security Cloud keeps your connection safe and secure:

·         I want to use my device while waiting for a friend – is it secure to access the bar’s Wi-Fi?

With Kaspersky Security Cloud, devices are protected against network threats, even if the user needs to use insecure public Wi-Fi hotspots. This is done through transferring data via an encrypted channel to ensure personal data safety, so users’ devices are protected on any connection.

·         Oh no! I’m bored but my phone’s battery is getting low – what am I going to do?

Users can track their battery level thanks to a countdown of how many minutes are left until their device shuts down in the Kaspersky Security Cloud interface. There is also a wide-range of portable power supplies available to keep device batteries charged while on-the-go.

·         I’ve lost my phone! How will I keep myself entertained now?

Should the unthinkable happen and you lose or have your phone stolen, Kaspersky Security Cloud can track and protect your device from data breaches, for complete peace of mind. Remote lock and locate features ensure your device remains secure until you are reunited.

 

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