Cyber Gangs Get Smarter

itman · Mar 13, 2018

At the end of 2017, SWIFT, which moves trillions of dollars around the globe each day, warned the world’s banks that international cyber-crime is on the rise with gangs using increasingly sophisticated tools and techniques to launch new attacks.

These attacks are now being designed to circumvent the kind of security gateways and email filters on which companies now increasingly depend for their cyber security. They often involve several levels of preparation including patient social engineering where organized criminal gangs (OCGs) spend weeks or even months following a targeted executive’s online presence and monitoring his/her activities on social media sites. The OCGs also closely examine activity on the target company’s website as well as those of its partners, subsidiaries and clients.

Once a sufficiently accurate profile of the target has been constructed, the OCG can select any one of a number of new and potentially devastating attack vectors.
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https://www.infosecurity-magazine.com/opinions/cyber-gangs-smarter/

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