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Cyber Security

CryptoLocker 2.0 – Are You Ready? We Are

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While other security companies and their users are still struggling to deal with the infamous ransomware Cryptolocker, we have no worries at Comodo.  In fact, if you use our Comodo Endpoint Security, with our unique Auto-Sandbox technology, you are already safe and secure from Cryptolocker 2.0 (officially entitled Prison Locker or Power Locker) and other soon-to-go-wild copycats roaming the Internet.

How can we be so sure?  Because with over 70 million total installations of Comodo Antivirus there has not been a single reported incident of Cryptolocker on a Comodo protected computer. In fact, we provide a $5,000 virus free warranty to protect users of Comodo Endpoint Security and have not paid a single claim in over 6 years!  That is why we call our protection “ironclad”.

We’ll explain why, but first let’s review.  What is Cryptolocker?

Cryptolocker is a Trojan virus known as ransomware, spread predominantly through emails to infect Windows computers and extort money from its victims. Some analysts have called it the perfect criminal virus, almost impossible to defeat. We beg to differ, but we digress.

After being installed on your computer CryptoLocker takes control and locks up your data files, including all MS Office files. It then displays a message demanding you pay a ransom to unlock your files, around $300 in bitcoins or MoneyPak .  CryptoLocker itself can be removed by many anti-virus programs. Unfortunately your files will remain locked using encryption that is virtually impossible to break.  Pay up or you’re out of luck!

Last December, Dell SecureWorks published an estimate that the original version of the program had infected around 200,000-300,000 PCs in 100 days.  Approximately 0.4 percent of these victims probably paid the demanded ransom. That may seem like a small percentage, but it would be haul of up to $360,000 for the hackers in just 3 months. With that kind of loot in play it is not surprising to see copycats appear, and they have.

Of particular concern is an identified copycat we’ll euphemistically call CryptoLocker 2.0, aka Prison Locker.  It differs most significantly from the original CryptoLocker in that it encrypts more file formats and spreads through USB drives instead of email.  It reportedly opens up a new locked up Window and disables Windows and Escape Key.  It prevents you from running taskmgr.exe, regedit.exe, cmd.exe, explorer.exe, msconfig.exe while disabling the ALT+TAB key feature.

The following is a side by side comparison.

CryptoLocker vs. CryptoLocker 2.0 (Copycat)

 
CryptoLocker
CryptoLocker 2.0 (PrisonLocker)
Form of Encryption RSA-2048 RSA-1024 (weaker)
Ransom Payment Options Bitcoin plus other forms of payment are accepted pay via Bitcoin only
Code Microsoft’s Visual C++ C# programming language
File Types Likely to be Stolen Business Files Business, Images, Video, and Audio Files
Spreads Via… Drive-by-Downloads, Phishing Emails USB

So, CryptLocker 2.0 or similar will soon be here and more copycats are sure to follow.  Why aren’t users of Comodo Endpoint Security concerned? Because thanks to Comodo’s Default/Deny strategy with Auto Sandboxing, these malicious programs will never have the opportunity lockup their files.

Comodo Endpoint Security focuses on prevention, not purely detection. Comodo’s patent-pending Auto Sandboxing technology creates a real time, isolated environment that identifies safe, unsafe, and questionable files and executables and automatically isolates both unsafe and unknown files, allowing only known, trusted files to penetrate your system.

If a threat is known to be malicious, Comodo’s Antivirus (AV) will detect its signature and prevent any damage from occurring, i.e. the encryption of your files. If the threat is unknown, the HIPS and Auto-Sandbox will intercept the malware, stopping it in its tracks, as the virus is never actually installed on your system. Comodo AV labs detect blacklist signatures for malicious files such as CryptoLocker, so the ransomware would go straight into the Quarantine or Sandbox Management consoles of Comodo Endpoint Security Manager (CESM) where the admin could delete it.

CESM 3 packages unsurpassed protective power within our next-generation remote administrative console. This enables the administrator to receive real-time alerts through list or panoramic views of all endpoints and system management capabilities, a feature generally found only in dedicated RMM systems. So, when the user opens the malicious message containing CryptoLocker, CES will detect the malicious (or unknown) file, automatically sandbox it, and alert the administrator. If the admin gets to the alert before Comodo labs, the administrator is able to remotely remove the ransomware from the end user’s computer, regardless of the end user’s location.
esm-firewall
Four clicks to security:

  1.  Administrator views the list of files within the sandbox.
  2. Administrator selects the malicious executable(s) to be removed.
  3. Administrator remotely accesses the end user’s computer to select the malicious file running on the sandbox.
  4. Administrator deletes the file location to rid the user’s system of the malicious application.

Four clicks to security. It’s really that simple! But don’t just take our word for it. Comodo Endpoint Security (CES) is powered by the same patent-pending prevention-based technology that our consumer product, Comodo Internet Security (CIS), uses to protect consumers against CryptoLocker. CIS was recently awarded the top position in the Proactive Security Challenge 64 by matousec.com, a project run by a respected group of independent security experts dedicated to improving end user security. Following the challenge, matousec.com named CIS the “Ultimate Protection Machine.”

In addition to its ability to protect enterprises from malware like CryptoLocker, ESM has many other great capabilities. For instance, the latest upgrade to ESM added several capabilities such as centralized monitoring of sandboxed (unknown) and malicious files, endpoint auto-synchronization via Active Directory, encrypted VNC sessions to local and remote endpoints, and support for Windows 7 Embedded Standard.

To become protected against Prison Locker and its variants download a 60-Day, 60 user free trial now or contact cesmsales@comodo.com for the date of our next webinar.

TEST YOUR EMAIL SECURITY GET YOUR INSTANT SECURITY SCORECARD FOR FREE Source: https://blog.comodo.com/comodo-news/cryptolocker-2-0-are-your-ready-we-are/

Cyber Security

Digitally Signed Bandook Trojan Reemerges in Global Spy Campaign

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The administrator of your personal data will be Threatpost, Inc., 500 Unicorn Park, Woburn, MA 01801. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter.

Source: https://threatpost.com/digitally-signed-bandook-trojan-spy-campaign/161676/

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Cyber Security

MacOS Users Targeted By OceanLotus Backdoor

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The administrator of your personal data will be Threatpost, Inc., 500 Unicorn Park, Woburn, MA 01801. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter.

Source: https://threatpost.com/macos-users-targeted-oceanlotus-backdoor/161655/

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Cyber Security

Pandemic, A Driving Force in 2021 Financial Crime

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The administrator of your personal data will be Threatpost, Inc., 500 Unicorn Park, Woburn, MA 01801. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter.

Source: https://threatpost.com/2021-financial-crime-covid-19/161665/

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Big Data

Contactless payments market to reach US$ 26.3 billion by 2027

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Contactless Payments Market To Reach US$ 26.3 Billion By 2027

The global contactless payments market is expected to surpass US$ 26.3 Billion by 2027 end, registering a CAGR of 12.9% during the forecast period of 2019 to 2027), as highlighted in a report published by Coherent Market Insights.

Increasing demand for contactless payments from the retail sector is expected to drive market growth during the forecast period. Retailers are modernizing their brick-and-mortar stores to offer secure services to customers and establishing online stores to increase revenue.

They are adopting advanced technologies such as big data analytics and cloud computing to increase their presence in the market. Retail manufacturers are using contactless payments methods that provide many benefits, such as reduced transaction time, increased operational efficiency, increased revenue, minimized cost, and others. Contactless payment methods at retail stores reduce transaction process and queue in counter.

Moreover, governments are also focusing on introducing new payment methods in order to increase productivity and remain competitive in the market. For instance, in December 2016, the government of India launched BHIM app for Unified Payment Interface (UPI). The common UPIbased BHIM app allows the user to send and receive money through their mobile phones by linking their bank accounts. For instance, according to Coherent Market Insights’ analysis, the number of transactions done through the Bharat Interface for Money (BHIM) app reached 18.8 million in February 2020.

Contactless Payments Market – Impact of Coronavirus (Covid-19) Pandemic

According to Coherent Market Insight‘s study, globally, most of the countries are affected by COVID-19 and most of the countries have announced lockdown.Contactless payment have become more preferred payment method, as it requires less physical interactions.

Smartphone based payment interface and digital wallets are the potential solutions to contain the spread of coronavirus pandemic. Moreover, recent developments in digital payments have encouraged the use of contactless payment methods during this pandemic. For instance, in April 2020, Upgrade Inc., a U.S.-based loan company, launched new contactless credit card. The new credit card provides high transaction limit than other payment methods.

Moreover, bank authorities and card network in Germany, U.K., Austria, and other countries have set higher transaction limit, as people are staying at home and prefer shopping through payment cards only. For instance, U.K Finance Limited increased the transaction limit for contactless payment cards starting from 30 Euros to 45 Euros. This, in turn, increases demand for contactless payment solutions.

Key Trends and Analysis of the Global Contactless Payments Market:

  • Europe held dominant position in the global contactless payments market in 2019 and is expected to retain its dominance throughout the forecast period. This is owing to increasing payment through smart cards. For instance, according to the Electronic Transactions Association (ETA), contactless payments through Mastercard and Maestro increased by 145% in Europe in 2018. Furthermore, in 2019, according to Coherent Market Insights’ analysis, the transactions through contactless payment methods reached 651 million in the U.K.
  • Asia Pacific is expected to show significant growth over the forecast period. The increasing adoption of contactless payment methods from retail industry is fueling the market growth. Retailers are modernizing their conventional payment methods with contactless payment methods, in order to improve productivity and efficiency in the business.
  • Among device type, the smartphone segment held dominant position in the market in 2019 and is expected to retain its dominance during the forecast period. This is owing to increasing demand for live streaming from consumers. For instance, the online video streaming market is expected to exceed US$ 70,000 million in 2021 from US$ 30,000 million in 2016.
  • Major players operating in the global contactless payments market include Thales Group, Infineon Technologies AG, Ingenico Group, Wirecard, VeriFone, Inc., Giesecke+Devrient GmbH, IDEMIA, Track Innovations LTD., Identiv, Inc., CPI Card Group Inc., Setomatic Systems, Valitor, PAX, PINPAD, Mobeewave, alcineo, and Paycor, Inc.

Source: https://www.fintechnews.org/contactless-payments-market-to-reach-us-26-3-billion-by-2027/

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