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 The Return of Ransomware and Do-it-Yourself Botnets

According to Fortinet's August 2010 Threat Landscape report, ransomware variant TotalSecurity has made its biggest comeback since March. Ransomware is malware that locks out applications and data from a user’s PC and then demands ransom for restored access, and TotalSecurity loader (W32/FakeAlert.LU) was the no. 1 malware detected this month by Fortinet’s FortiGuard Labs.

“One indicator we observed this month was that the Ransomware application had gone server-side polymorphic, which means that the loader will connect to a single server and request a single file, but the code changes on an hourly basis in order to avoid detection,” said Derek Manky, project manager, cyber security and threat research, Fortinet. “This is a technique typically seen with botnets, such as Waledac, and has been picked up by the developers of TotalSecurity. This is another example of how relying purely on antivirus is not a silver-bullet approach to protecting systems from infection.”

In addition to ra...  [ more ]

 OmniPerception facial biometric technology can accurately identify a face without the person having to look directly into the camera

OmniPerception has developed innovative facial surveillance technology that is capable of identifying faces in second. CheckPoint.S™ is unique in that it can capture an image and recognise a suspect as they walk past the camera.

The suspect doesn’t have to directly look at the camera because the technology is capable of extracting the facial features from the image and compares these against images already stored in an existing database. The search is completed in seconds and if a match is recorded, CheckPoint.S™ relays any alerts in real-time.

CheckPoint.S™ uses OmniPerception’s tried and tested face identification technology but in a unique way which experts predict will enhance the safety and security of public places by acting as a 24/7 security guard that never forgets a face.

As well as accurately identifying possible criminals, the technology can also be used to confirm the identity of VIPs looking to enter premises such as hotels and casinos.
Stewart Hefferman, the C...  [ more ]

 

 

Latest bank and financial services security articles

 The Return of Ransomware and Do-it-Yourself Botnets

 OmniPerception facial biometric technology can accurately identify a face without the person having to look directly into the camera

 Data protection laws are too relaxed and require revision

 Zeus financial malware targets online banking customers by exploiting Verified by Visa and MasterCard SecureCode security programs

 MITec, FAC and Ukash provide a fully integrated and secure alternative cash payments solution in Mexico

 Imperva's data security suite helps enterprises protect not only web applications and databases but file systems as well

 NVT's integrated hybrid CCTV and alarm system protects Banco de Costa Rica

 Mykonos security appliance stops IT security attacks before the damage is done

 35 percent of companies believe their Intellectual Property has been handed over to competitors

 The use of wireless networks leaves information at greater risk for interception

...[view more articles on bank and financial services security]...

 

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Bank of Japan's additional easing measures disappoint The Bank of Japan eased its monetary policy at an emergency meeting Monday morning, in an effort to curb the yen's strength and lift the country's struggling economy -- though the move was not enough to satisfy investors.

Security Council to hold summit on peace Turkey is inviting leaders of the 14 other Security Council nations to a summit meeting to strengthen the council's primary mission — maintaining international peace and security in a world of new and complex threats.

Deutsche Bank signs up for 2 more years Deutsche Bank has picked up the option on the final two years of its title sponsorship, and it will have some financial help from a familiar partner in EMC Corp., which will be a presenting sponsor. Terms of the deal were not announced. Seth Waugh, the CEO of Deutsche Bank Americas, instead focused on reports showing it has raised upward of $70 million in revenue each year since the tournament...

West Bank Shooting Underscores Security Needs, Netanyahu Says Prime Minister Benjamin Netanyahu said a West Bank shooting attack that killed four Israelis underscored his nation’s security needs ahead of a new round of Mideast peace talks scheduled to start in Washington.

Bank of Japan May Postpone Call on Further Stimulus Until Forecast Review The Bank of Japan may seek to delay implementing further monetary easing until at least October, waiting to see whether the yen’s gains and a U.S. slowdown will force it to abandon a forecast for a sustained recovery.

Bank of America Shareholder Fund Gets Approval Bank of America shareholders have a November 12 deadline in order to file for their portion of the $150 million settlement.

Bank customers warned over ‘mystery shopper’ scam BANK customers have been urged to take precautions against a major internet scam after at least two dozen individuals were tricked into handing over thousands of euro in a fake “mystery shopper ” business deal.

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