Silence before the storm: Russian speaking hacking group is attacking banks in Sub-Saharan Africa

Must Read

PepsiCo Elects Segun Agbaje To Board Of Director

PepsiCo, Inc. (NASDAQ: PEP) today announced its Board of Directors has elected Segun Agbaje as an independent member of...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...

FG to shut Third Mainland Bridge on July 24 for 6 months

The Federal Government is set to shut the Third Mainland Bridge for six months starting from Friday, July 24. This...

The malware used in the attacks indicates that the threat actors are most likely to be an infamous Silence hacking group

LAGOS, Nigeria, January 13, 2020,/ — Kaspersky security researchers have reported on thousands of notifications of attacks on major banks located in the sub-Saharan Africa (SSA) region. The malware used in the attacks indicates that the threat actors are most likely to be an infamous Silence hacking group, previously known to be responsible for the theft of millions of dollars from banks across the world.

Silence before the storm: Russian speaking hacking group is attacking banks in Sub-Saharan Africa

The Silence group is one of the most active Advanced Persistent Threat (APT) actors, which has carried out a number of successful campaigns targeting banks and financial organisations around the Globe. The typical scenario of the attack begins with a social engineering scheme, as attackers send a phishing e-mail that contains malware to a bank employee. From there the malware gets inside the banks’ security perimeter and lays low for a while, gathering information on the victim organisation by capturing screenshots and making video recordings of the day to day activity on the infected device, learning how things work in the targeted banks. Once attackers are ready to take action, they activate all capabilities of the malware and cash out using, for example, ATMs. The score sometimes reaches millions of dollars.

- Advertisement -

The attacks detected began in the first week of January 2020 and indicated that the threat actors are about to begin the final stage of their operation and cash out the funds. To the date, the attacks are ongoing and persist in targeting large banks in several SSA countries.

Kaspersky researchers attribute the attacks to the Russian speaking Silence group based on the malware used in the attacks, which was previously used solely in the group’s operations. In addition, the language of the malware is Russian: threat actors attempted to slightly cover this fact by typing Russian words using the English keyboard layout.

Read Also:  BUA Group to set up 3 million Metric-ton Cement Company, 50MW Power Plant in Adamawa

“Silence group has been quite productive in the past years, as they live up to their name; their operations require an extensive period of silent monitoring, with rapid and coordinated thefts. We noticed a growing interest of this actor group in banking organisations in 2017 and since that time the group would constantly develop, expanding to new regions and updating their social engineering scheme,” said Sergey Golovanov, a Security researcher at Kaspersky. “We urge all banks to stay vigilant, as apart from the large sums Silence group also steal sensitive information while monitoring the Banks activity as they video record screen activity. This is a serious privacy abuse that might cost more than money can buy.”

Kaspersky detects the malware used in the operation as HEUR: trojan.Win32.Generic, PDM: xploit.Win32.Generic

- Advertisement -

To protect from this and similar attacks, we advise financial organisations to apply the following measures:

  • Introduce basic security awareness training for all employees so that they can better distinguish phishing attempts.
  • Monitor activity in enterprise information systems information security operations centre.
  • Use security solutions with dedicated functionality aimed at detecting and blocking phishing attempts. Businesses can protect their on-premise email systems with targeted applications inside the Kaspersky Endpoint Detection and Response or use the Kaspersky Anti Targeted Attack Platform.
  • Provide security teams with access to up to date threat intelligence data, to keep pace with the latest tactics and tools used by cybercriminals.
  • Prepare an incident response plan to be ready for potential incidents in the network environment.
- Advertisement -
Silence before the storm: Russian speaking hacking group is attacking banks in Sub-Saharan AfricaSilence before the storm: Russian speaking hacking group is attacking banks in Sub-Saharan Africa

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Silence before the storm: Russian speaking hacking group is attacking banks in Sub-Saharan AfricaSilence before the storm: Russian speaking hacking group is attacking banks in Sub-Saharan Africa

Latest News

Glo cuts cost of international calls by up to 55%

Nigerian operator Globacom has cut international call tariffs by as much as 55 per cent. Globacom said the reduced...

COVID-19 Pandemic in H2-2020: Any vaccine in sight?

Since the novel Coronavirus became a pandemic, the focus of governments, the World Health Organization, and multilateral agencies, has been on the need to...

Hyundai Motor Unveils Rendering of New Elantra N Line

Hyundai Motor Company today released a design rendering of the new Elantra N Line sport sedan and revealed other details about the new performance-inspired...

OMO Bears Emerge As Annual AMCON Charge Further Squeezes System Liquidity

KEY INDICATORS FGN Bonds The FGN bonds market traded on a mixed sentiment today, slightly bullish at the short-end and bearish at the long-end of the...

UAC Restaurants donates products, facemasks to health workers, traders, marks anniversary of Combo Store in Lekki

Imbued by the pass off ‘ doing good’, Mr Bigg’s alongside the premium UAC Restaurants Pizza brand, Debonairs Pizza lived up to the billings...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Silence before the storm: Russian speaking hacking group is attacking banks in Sub-Saharan AfricaSilence before the storm: Russian speaking hacking group is attacking banks in Sub-Saharan Africa