News has just been released that some major banks all of the world have been breached and large sums of monies were stolen. The culprits instead of using the front doors stole the money via hacking into the banks’ computer systems and then making money transfers to themselves.
During one of the most sophisticated hacking and bank robbery incidents of modern times, it is estimated that as much as $1 billion has been taken from over 100 banks from across the world. What happened and how could this security breach have been prevented?
The scam worked by infecting the computer systems of bank workers with malware. This software monitored their keystrokes and by taking screenshots of the workers’ computer screens. This allowed the hackers to understand and get to know the banks’ process. Then, the hackers pretended to be employees of the system and, by exactly mimicking the bank process, transferred funds to rogue accounts.
The process happened over many months and in some cases, money was given to the criminals by telling ATMs to release cash remotely. At these locations, there would be associates of the hackers ready to pick up the cash.
The theft went unrecorded for so long for two main reasons:
- Relative to normal bank transaction levels, the amount stolen per transaction was relatively low.
- All the transactions were done as if an employee of the bank had processed the action.
Was There Anything That Could Be Done?
The critical aspect of the bank robbery was the malware was installed on the local devices of bank employees. The software called ‘Carbanak’ was all that was needed for the thieves to monitor the regular activities of their targets. Then, it helped them gain access to the network via other machines and pretend to be employees.
Right now the banks that were targeted are actively taking steps to stop further attacks from happening. These banks should look no further than: SmartShield® Suite. This security protection software would have stopped the malware from getting access to the system in the first place by keeping it on a virtual hard drive after it was first downloaded. This virtual hard drive prevents the program from making any permanent changes to the computer system.
When the computer is restarted, the malware would have simply been wiped off with the rest of the data that was on the virtual server with Centurion Technologies, Next Generation Security Protect Software. This simple security protection can be supported with other products such as CurrentWare and SmartShield® Anti-virus. Although, SmartShield® Suite, by itself, would have provided the necessary security software to alleviate this breach.
What are you doing to protect your computer systems from hackers? Have you had a major incident?
Let us know in the comments below.