Banks of Spain in Pain

On one side, the ongoing COVID-19 pandemic has brought the whole world into a panic, and on the other hand, the increase in cyberattacks is adding the problems for countries. For instance, in Spain, the numbers of COVID-19 cases are rising at such a rapid pace that it just left Italy behind and jumped to the second rank with 170,099 total number of COVID-19 cases. This ongoing situation in Spain is just like an advantage for cybercriminals, which they are using most effectively. Currently, cybercriminals have put the banks of Spain into a big problem. They are executing the malware threat attacks to affect the bank’s customers and mainly affect the banks as well. Cybercriminals have been using Grandoreiro, a remote-overlay banking trojan that had been used to attack the banking customers in Brazil. Now cybercriminals have launched a cyberattack campaign in which they deliver Grandoreiro malware using COVID-19 themed videos to trick the banking customers into infecting their devices with a remote-access-tool and ultimately lead to empty their own banking accounts. To date, cybercriminals have got hold to millions of dollars which have eventually brought the banks of Spain to deal with big trouble.

The malware attacks trend has been on the rise throughout the entire globe. There are multiple malware threats which the cybercriminals get hold of and execute to affect the network system of organizations. For instance, recently the Cyble Research Unit (CRU) identified the Maze ransomware operators targeted LTD Broadband (4th largest wireless WISP in the US) using the injection of infectious malware into their system and then finally disclosed their sensitive files online. Similar to this type of attack, recently CRU also identified another cyberattack in which Maze ransomware operators targeted Centro Inc (manufacturer of custom rotationally moulded plastic parts) similarly as before and then disclosed their sensitive files online. Looking all this and planning for secure future for the organizations, Cyble not only holds the largest data breach monitoring search engine that holds over 30 billion darkweb records but also provides the services which include enabling faster detection of cyber threats via Cyble Vision and providing clear visibility to third-party cyber threats and risks via their Third-Party Cyber Risk Intelligence Platform. It is believed that organizations should start focus on improving their system’s security to prevent themselves from being affected by such cyberattacks and then landing into dreadful situations.

About Cyble:

Cyble Inc.’s mission is to provide organizations with a real-time view of their supply chain cyber threats and risks. Their SaaS-based solution powered by machine learning and human analysis provides organizations’ insights to cyber threats introduced by suppliers and enables them to respond to them faster and more efficiently.

Cyble strives to be a reliable partner/facilitator to its clients allowing them with unprecedented security scoring of suppliers through cyber intelligence sourced from open and closed channels such as OSINT, the dark web and deep web monitoring and passive scanning of internet presence. Furthermore, the intelligence clubbed with machine learning capabilities fused with human analysis also allows clients to gain real-time cyber threat intel and help build better and stronger resilience to cyber breaches and hacks. Due to the nature of the collected data, the company also offer threat intelligence capabilities out-of-box to their subscribers.

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