Banking & Finance

A Look at Today’s Cybercrime Threats in Asia-Pacific and Beyond

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Sep 26, 2016
19 minutes

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A Look at Today’s Cybercrime Threats in Asia-Pacific and Beyond
September 26, 2016
| |
< 1 min read

Cybercrime has changed in significant ways over the past decade. Where you once had individual criminal masterminds executing campaigns from start to finish, fraud today is as much a team sport as football. Underground forums provide both training and tangible tools for budding young fraudsters, and collaboration among cybercriminals allows malware and other attacks to spread quickly around the globe – often with devastating results.

In this podcast IBM Executive Security Advisor Etay Maor and X-Force Threat Research Team Leader Tal Darsan discuss some of the cybercrime threats and trends they’ve seen in recent months, with a special emphasis placed on the Asia-Pacific region.

Asia-Pacific is seeing malware that’s almost identical to other places in the world, but it’s also being customized for the local market. As just one example, Dark Web vendors are offering translation services to Asian languages and then selling their localized pages – complete with perfect Japanese or Korean grammar – as a service.

The Shifu banking Trojan, which Tal describes in a deep dive, is one case of a malware that combines characteristics and capabilities of many notorious malware families to create a unique and dangerous threat.

 
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Security Intelligence Staff
Security Intelligence Staff

Security Intelligence strives to be the leading site for technical and business-focused security content. Security is an essential factor for every business,...
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