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USCYBERCOM Released New Malware Samples

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Malware

New malware samples associated with the operations of Russian threat actors Turla and Zebrocy have been released this week by the United States Cyber Command (USCYBERCOM).

Turla was most recently observed attacking a European government agency with numerous backdoors, connected to malicious activities dating back two decades and often referred to as Rat, Waterbug, Venomous Bear, Belugasturgeon, and KRYPTON.

USCYBERCOM posted new samples of the ComRAT Trojan on VirusTotal on Thursday, which is suspected to be one of the oldest malware families employed by Russia-linked threat actors.

The FBI is extremely optimistic that ComRAT malware is being used by Russian-sponsored APT actor Turla, an intelligence organisation operating for at least a decade, to hack victim networks. A malware intelligence study from the Cybersecurity and Information Protection Agency (CISA) reports that the group is well known for its customised software and tailored operations.

The report shares knowledge about a PowerShell script that is used to mount another script that loads the ComRAT version 4 DLL in turn. CISA clarifies that the malware contains DLLs used as contact modules that are inserted into the default browser and that use a called pipe to communicate with the ComRATv4 code. In order to accept commands and exfiltrate files, a Gmail web interface is used.

A total of five ComRAT files and two samples identified with the Russian threat actor Zebrocy were posted by USCYBERCOM on VirusTotal.

The Russian hacker community, initially detailed in 2018, is considered part of the notorious Sofacy APT (also referred to as APT28, Fancy Bear, Pawn Storm, Sednit, and Strontium) by some security firms, while others see it as a distinct organisation.

New Zebrocy attacks were discovered in September 2020, demonstrating persistent targeting of countries connected to the North Atlantic Treaty Organization ( NATO).

Windows executables are the two examples that USCYBERCOM shared on VirusTotal that are suspected to be a new version of the Zebrocy backdoor. The malware gives remote access to a compromised device to attackers and facilitates multiple operations, CISA says.

CISA advises that security best practises be implemented by users and administrators to ensure that their devices stay safe from recently shared samples of ransomware or other risks.

Source: https://cybersguards.com/uscybercom-released-new-malware-samples/

Cyber Security

Digitally Signed Bandook Trojan Reemerges in Global Spy Campaign

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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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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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