Impossible to kill RATs drain bank accounts dry, says BioCatch

Source: National Cyber Security – Produced By Gregory Evans

Impossible to kill RATs drain bank accounts dry, says BioCatch

Imagine a piece of malware that is practically impossible to detect and can suck a victim’s bank account dry – because it was installed by the user, and acts like any other legitimate piece of software. That is exactly what a new form of a socially-engineered RAT (Remote Access Tool) attack does – and according to Israeli financial security tech firm BioCatch, the company’s solution is the only one that can detect and prevent these attacks. The so-called RAT-in-the-Browser (RitB) attacks are relatively new, said BioCatch. They rely on social engineering to install malware such as Dyre and Dridex. Far more sophisticated than the usual scripts that monitor a user’s activities and upload data on passwords and other sensitive data to servers – activities that good cyber-defense systems can detect – the malware attacks usually include a human element, with victims instructed to call a phone number or install a remote support tool that lets fraudsters see exactly how much money a user has in their account, and monitor communications to the bank server in order to get their login data and suck their accounts dry. removed installation process ensures that cyber-security systems won’t detect the Dyre installation, since the […]

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