Story image

Australian organisations popular targets for newly discovered trojan

18 Oct 16

Symantec has made the discovery of a previously undocumented Trojan that’s been used in a range of attacks specific to banks and other financial institutions worldwide.

Australia is the third most popular target for Trojan Odinaff, which has been linked to sophisticated attacker, Carbanak, plaguing the financial industry since at least 2013.

The cyber security organisation says these attacks are extremely focused on companies operating in the banking, securities, trading, and payroll sectors.

According to Symantec, Odinaff is typically deployed in the first stage of an attack, to gain a foothold onto the network, providing a persistent presence and the ability to install additional tools onto the target network.

“These additional tools bear the hallmarks of a sophisticated attacker which has plagued the financial industry since at least 2013–Carbanak. This new wave of attacks has also used some infrastructure that has previously been used in Carbanak campaigns,” a company blog post read.

“These attacks require a large amount of hands on involvement, with methodical deployment of a range of lightweight back doors and purpose built tools onto computers of specific interest.”

Although difficult to perform, Symantec also says these kinds of attacks on banks can be highly lucrative, with estimates of total losses to Carbanak-linked attacks ranging from tens of millions to hundreds of millions of dollars.

The attacks have hit a wide range of regions, with the US the most frequently targeted. It was followed by Hong Kong, Australia, the UK and Ukraine.

Hillstone CTO's 2019 security predictions
Hillstone Networks CTO Tim Liu shares what key developments could be expected in the areas of security compliance, cloud, security, AI and IoT.
Can it be trusted? Huawei’s founder speaks out
Ren Zhengfei spoke candidly in a recent media roundtable about security, 5G, his daughter’s detainment, the USA, and the West’s perception of Huawei.
Oracle Java Card update boosts security for IoT devices
"Java Card 3.1 is very significant to the Internet of Things, bringing interoperability, security and flexibility to a fast-growing market currently lacking high-security and flexible edge security solutions."
Sophos hires ex-McAfee SVP Gavin Struther
After 16 years as the APAC senior vice president and president for McAfee, Struthers is now heading the APJ arm of Sophos.
Security platform provider Deep Instinct expands local presence
The company has made two A/NZ specific leadership hires and formed several partnerships with organisations in the region.
Half of companies unable to detect IoT device breaches
A Gemalto study also shows that the of blockchain technology to help secure IoT data, services and devices has doubled in a year.
Stepping up to sell security services in A/NZ
WatchGuard Technologies A/NZ regional director gives his top tips on how to make a move into the increasingly lucrative cybersecurity services market.
Huawei founder publically denies spying allegations
“After all the evidence is made public, we will rely on the justice system.”