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Kaspersky Issues an Alert on Dridex Banking Trojan

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Kaspersky Lab has compiled a report on the history and evolution of the Dridex banking Trojan – a six-year-old threat that has caused millions of dollars’ worth of damage, and which continues to adapt and attack successfully despite many attempts to stop it. The report includes a thorough technical examination of the most recent version of the malware – the 4th, which appeared in 2017.

According to the report, Dridex – which mainly targets customers of financial/banking institutions in Europe – has been owned and developed by the same people since its creation.  This is very rare for malware. Dridex also stands apart from other malware in its continuous evolution and increasing sophistication, as well as its ability to escape justice by hiding its main command-and-control (C&C) servers behind proxying layers.
In the early months of 2017, Dridex activity was spotted in several European countries, with the UK accounting for nearly 60% of all detections, followed by Germany and France. The malware never works in Russia.

The Dridex banking Trojan first appeared in 2011 and has become a major financial cyber-threat.  In 2015, the damage done by the Trojan was estimated at over $40 million – and by now the cost is estimated to run into hundreds of millions of dollars. There have been numerous unsuccessful attempts to block the Trojan’s activity but it remains active.  It is therefore vital that financial services and banking organizations understand the current nature of the threat, as well as its evolution, so they can better defend themselves and their customers.

Kaspersky Lab advice: for consumers using online banking services:

·Don’t open, and delete, any emails with suspicious-looking attachments, from people you don’t know, or which you are not expecting.

·Don’t click on suspicious looking links in emails.

·If the email appears to come from your bank or other trusted organization, check with them first.

·Visit only websites you trust.

·Install a robust security solution – and implement all updates.

·Implement multi-factor authentication.

·Don’t enable Macros.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

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