BlotchyQuasar: X-Force Hive0129 targeting financial intuitions in LATAM with a custom banking trojan

In late April through May 2023, IBM Security X-Force found several phishing emails leading to packed executable files delivering malware we have named BlotchyQuasar, likely developed by a group X-Force tracks as Hive0129. BlotchyQuasar is hardcoded to collect credentials from multiple Latin American-based banking applications and websites used within public and private environments. Similar operations […]

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SEC Proposes New Cybersecurity Rules for Financial Services

Proposed new policies from the Securities and Exchange Commission (SEC) could spell changes for how financial services firms handle cybersecurity. On Feb. 9, the SEC voted to propose cybersecurity risk management policies for registered investment advisers, registered investment companies and business development companies (funds). Next, the proposal will go through a public comment period until […]

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2022 Banking & Finance Security Intelligence Roundup

The banking and finance industries deliver more services online now than ever before due to the pandemic. As a result, banking cybersecurity became more important than ever this year. Some of the threats to big data security in recent years included ransomware attacks, the growth of contactless payments, mobile malware attacks and even data breaches […]

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BrazKing Android Malware Upgraded and Targeting Brazilian Banks

Nethanella Messer and James Kilner contributed to the technical editing of this blog. IBM Trusteer researchers continually analyze financial fraud attacks in the online realms. In recent research into mobile banking malware, we delved into the BrazKing malware’s inner workings following a sample found by MalwareHunterTeam. BrazKing is an Android banking Trojan from the overlay […]

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Self-Assessment: How Can You Improve Financial Services Cybersecurity?

It’s common knowledge that threat actors target banks. Not only might these attackers want to directly steal money, by doing this they’re also hitting the customers and the trust in the bank. If a financial institution suffers a loss, even insurance can only go so far to minimize the actual cost to the organization. The cost […]

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Threat Actors’ Most Targeted Industries in 2020: Finance, Manufacturing and Energy

IBM Security’s annual X-Force Threat Intelligence Index uses data derived from across our teams and managed customers to gather insights about the topmost targeted industries every year, helping organizations manage risk and resource investment in their security programs. When it comes to managing digital risk and facing potential cyberattacks, each industry faces its own unique […]

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Darknet Cybersecurity: How Finance Institutions Can Defend Themselves

Financial firms continue to move to digital-first deployments, as retail branches close, and people shift to remote work. This shift makes understanding and preventing even common darknet, or dark web, threats a priority. Financial cybersecurity investment institutions need to understand what the dark web is, provide their security teams with the tools to explore it […]

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ITG08 (aka FIN6) Partners With TrickBot Gang, Uses Anchor Framework

Financially motivated, adaptable, sophisticated and persistent, the ITG08 threat group is likely to remain one of the most potent cybercriminal groups in this new decade.

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The Curious Case of a Fileless TrickBot Infection

Reading Time: 7 minutes IBM X-Force noted changes in the deployment of the TrickBot Trojan and discovered that the most recent version of the malware is fileless.

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Q1 2018 Results: Gozi (Ursnif) Takes Larger Piece of the Pie and Distributes IcedID

Gozi took a larger slice of the financial malware pie and become the most active banking Trojan in 2017, according to the IBM X-Force Threat Intelligence Index 2018.

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