Financial CybercrimeOndrej KREHEL

Dusan PETRICKO

ONDREJ KREHEL CISSP, CEH, CEI, EnCECEO & FounderLIFARS LLC

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DUSAN PETRICKOCISSP, CEHIncident Response ManagerLIFARS, LLC

Major Data Breaches Visualized

The Cost of Cybercrime

The average annualized cost of cybercrime in millions of US dollars per company across multiple sectors.

Source: Ponemon Institute

Types of Cyberattacks Experienced

Source: Ponemon Institute

Are Companies Ready?

Source: Ponemon Institute

of companies experienced a security breach in the past 24 months

of companies say another incident is imminent and could happen within the next 6 months

of companies said they did not have a fully functional CSIRT in place today to respond to those incidents

68%

46%

34%

Organizations That Face Cyber-attacks Need To Be Prepared To Respond To Them

Not Really – The Current State of Incident Response

Current State

InvestigationDetectionPreventionNo silver bullets

“We are living in the dark ages of security”

Amit Yoran, President of RSA

Average of 7 months to discover

Limited to log data

What to do when breached?

Existing Forensics Tools

Highly complicatedRequires dedicated team of experts

Too slowPrecious time wasted gluing bits and bytes

Limited history+100TB to store a single day of a 10G network

What’s Holding The Security team Back?

Still In The Dark

Only large enterprises can afford it

Only a few “gurus” can operateOnly 5% of alerts are being investigated

CostsExpensive – show boxs

Key Element of Most Cyberattacks

Social Engineering Lifecycle

Source: McAfee Labs

What Types of Attacks Do Financial Institutions Face ?

• Cyber Fraud

• Targeted Attacks (APT)

What is APT?• Advanced

• Attacker is advanced adversary• Persistent

• Attacker is heavily focused on target – snipper style• Threat

• Toolkit used are main stream, however modified to perfection

• Most attacks are targeted and very specific

Major APT Campaigns

APT Lifecycle

Case Study: AlienSpy at Wall Street

AlienSpy: Hacking-as-a-Service Evolved• Hacking-as-a-Service platform • Plans starting at $19.99• Highly customer-oriented, easy-to-use tool• Allowed anyone to perform sophisticated attacks• Evolved over time from the Frutas > Adwind > Unrecom • AlienSpy malware adopted by organized cybercrime

gangs

AlienSpy Interface

• Easy to navigate and very user-friendly AlienSpy interface makes it a very attractive and easy-to-use tool (even for non-tech savvy criminals)

https://www.youtube.com/watch?v=k3oZEJyWHBw

Evolution of the AlienSpy RAT

AlienSpy: Adoption by APT Groups• AlienSpy RAT heavily obfuscated using well-known tools

and cannot be detected by Antiviruses• Distributed by well-crafted spear phishing campaigns• Used in attacks against well-known global money

transfer firms • Often multiple attackers detected inside their systems

at the same time

Spear Phishing Example

• Real phishing email example

• Discovered leaked on PasteBin

Observed AlienSpy Attack Process

Observed AlienSpy Forensic Analysis

Observed AlienSpy Forensic Analysis

Observed AlienSpy Forensic Analysis• Obfuscated files

cannot be detected by antiviruses

• TRE.jar – unobfuscated payload

Observed AlienSpy Forensic Analysis• Malware loaded into

memory • AlienSpy malware

loaded from the buffer

Cost to the Victim

• A global money-transfer company present in over 100 countries was attacked by up to 15 parallel attackers

• Average loss - $28,000/month per attacker• Overall losses in excess of $5 million annually

The Worst Part?

AlienSpy is not alone – there are many others:

How to Handle Breaches?

Next-Gen Incident Response• Time = money• Use of Next-Gen automation tools to speed up the IR

process• Specialized external teams help reduce costs and increase effectiveness of response

• Taking down advanced threats of today requires military-style “cybersnipers”

Incident Response Lifecycle:

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