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Network Security News Weekly

Articles of interest from the week of August 20, 2018

Necurs Botnet Goes Phishing for Banks
A new Necurs botnet campaign targets thousands of banks with a malicious file dropping the FlawedAmmyy remote-access Trojan. (By Kelly Sheridan, DarkReading)

Pen Testers Breach Perimeter Through Web Apps
Penetration tests help organizations gain a better understanding of how protected they are against cyber-attacks, and when Kaspersky Lab's performed several dozen cybersecurity assessment tests on corporate networks, it found that the overall level of protection against external attackers was low or extremely low for almost half of the analyzed companies. (By Kacy Zurkus, InformationSecurityMagizine)

Information Security Spending to Surge Over $124bn by 2019
Robust security is not only required to protect corporate networks but has also now become a competitive advantage. Global spending is expected to surge to over $124 billion by the end of 2019, according to Gartner. Data breaches and security incidents can be costly to the enterprise, resulting in service disruption, a battering to reputation, lost consumer trust and network damage. (By Charlie Osborne, ComputerBusinessReview))

Hacker Unlocks 'God mode' and Shares the 'Key'
At Black Hat USA and DEF CON, researcher Christopher Domas showed how he found backdoors that may exist in many different CPUs. (By Curtis Franklin Jr., DarkReading)

FBI Warns of 'Unlimited' ATM Cashout Blitz
The Federal Bureau of Investigation (FBI) is warning banks that cybercriminals are preparing to carry out a highly choreographed, global fraud scheme known as an "ATM cash-out," in which crooks hack a bank or payment card processor and use cloned cards at cash machines around the world to fraudulently withdraw millions of dollars in just a few hours. (By KrebsonSecurity)

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