Banks Infected with Invisible Malware, World-Wide

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Banks around the world are being infected with a new form of fileless malware. This type of malware is invisible, as it lies undetected within the memory of a bank’s network gathering passwords and administrative information. The malware then feeds this data back to the hackers, who use it to control the bank’s computer system remotely.

According to Kaspersky Lab, who discovered the new form of malware, there have been reports of this malware at 140 different enterprises in 40 different countries throughout the globe, including: banks, telecoms and government institutions. The United States being hit the hardest with 21 reported incidents.

“What is interesting here is that these attacks are ongoing globally against banks themselves,” said Kaspersky Lab expert Kurt Baumgartner to Ars Technica late last week. Baumgartner went on to explain, “the banks have not been adequately prepared in many cases to deal with this.”

Kaspersky Lab is unsure who is behind the attack or if it is more than one group using the same tools. They plan on releasing their findings later today.

Whoever is behind these attacks is focusing on computers that run automatic teller machines and “pushing money out of the banks from within the banks,” explains Baumgartner. He goes on to say that many of these attacks varied in the way they were executed, which is why they think numerous groups could be involved.

Fileless malware attacks are becoming more common than anyone imagined, which is why cyber security has become such an important tool. Digital Forensic Firms, such as, NightLion Security, offer malware detection and removal with 24/7 service. Vinny Troia, CEO of the St. Louis Digital Forensics Firm, commented that banks are being targeted because they do not have the proper security in place to protect them against this type of invisible malware distribution.

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