SMS-based two-factor authentication (2FA) mechanisms used by banks to secure their customers' accounts have been bypassed by cybercriminals using a combination of malware, mobile apps, rogue DNS servers, and phishing sites, according to a report from Trend Micro.
In the same way we have watched APT techniques trickle down from nation-state actors to more opportunistic criminals, we should expect MitB to expand from financial services to all types of applications.
While attackers are constantly improving their evasion tactics to extend the lifetime of their malware, users can also leverage these types of evasion tactics to help prevent malware infection in the first place.
Many continue to click on links or attachments sent via email without taking any steps to verify the origin of the email or the validity of the link or attachment. It only takes one click to for an attacker to establish a foothold in the target’s systems.
Trying to defend against modern, advanced attacks with one-off point solutions is like playing a whack-a-mole game, always one step behind the attacker and trying to play catch up with the alerts as they’re received.
Without the elements of prevention, detection, and protection all working together, threat actors will always have the advantage, and will find a way to carry out their illicit economic, political or social agendas.
A combination of new threat actors, new attack approaches, and new masking tactics demand that enterprises redefine malware, and make all necessary investments in people, technology and systems to stay one step ahead.
One of my concerns heading into these Olympic Games is that the public has become somewhat desensitized to cyber-attacks and we may not have the same level of vigilance against cyber threats as we should.