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Check Point Identifies New Banking, MaliBot Malwares that Poses Danger for Users of Mobile Banking

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Check Point Research (CPR), the Threat Intelligence arm of Check Point Software Technologies, a leading provider of cyber security solutions globally, has published its latest Global Threat Index for June 2022. CPR reports that a new Android banking malware has emerged, named MaliBot, following the takedown of FluBot at the end of May.

Although only just discovered, MaliBot, a banking, has already reached third place in the most prevalent mobile malwares list. It disguises itself as cryptocurrency mining applications under different names and targets users of mobile banking to steal financial information.

Similar to FluBot, MaliBot uses phishing SMS messages (smishing) to lure victims into clicking on a malicious link that redirects them to the download of a fake application containing the malware.

Also this month, the notorious malware, Emotet, is still the most prevalent malware overall. Snake Keylogger comes in third after an increase in activity since appearing in eighth place last month. Snake’s main functionality is to record users keystrokes and transmit collected data to threat actors.

While in May CPR witnessed Snake Keylogger being delivered via PDF files, recently it has been spread through emails containing Word attachments tagged as requests for quotations. Researchers also reported about new variant of Emotet in June that has credit card stealing capabilities and targets Chrome browser users.

“While it’s always good to see law enforcement successful in bringing down cybercrime groups or malwares like FluBot, sadly it didn’t take long for a new mobile malware to take its place,” said Maya Horowitz, VP Research at Check Point Software.

“Cybercriminals are well aware of the central role that mobile devices play in many peoples’ lives and are always adapting and improving their tactics to match. The threat landscape is evolving rapidly, and mobile malware is a significant danger for both personal and enterprise security. It’s never been more important to have a robust mobile threat prevention solution in place.”

CPR also revealed that “Apache Log4j Remote Code Execution” is the most commonly exploited vulnerability, impacting 43% of organizations worldwide, closely followed by “Web Server Exposed Git Repository Information Disclosure” which has a global impact of 42.3%. “Web Servers Malicious URL Directory Traversal” is in third place with a global impact of 42.1%.

Top Malware Families

This month, Emotet is still the most popular malware with a global impact of 14%, followed by Formbook and Snake Keylogger, each impacting 4.4% of organizations worldwide.

In Nigeria, Ramnit has a country impact of 14.10% followed by Phorpiex at 10.26% and Formbook at 8.97%.

  1. Emotet – Emotet is an advanced, self-propagating and modular Trojan. Emotet was once used as a banking Trojan, but recently is used as a distributer to other malware or malicious campaigns. It uses multiple methods for maintaining persistence and evasion techniques to avoid detection. In addition, it can be spread through phishing spam emails containing malicious attachments or links.
  1. Phorpiex – Phorpiex is a botnet (aka Trik) that has been active since 2010 and at its peak controlled more than a million infected hosts. It is known for distributing other malware families via spam campaigns as well as fueling large-scale spam and sextortion campaigns. 
  2. FormbookFormBook is an Infostealer targeting the Windows OS and was first detected in 2016. It is marketed as Malware as a Service (MaaS) in underground hacking forums for its strong evasion techniques and relatively low price. FormBook harvests credentials from various web browsers, collects screenshots, monitors and logs keystrokes, and can download and execute files according to orders from its C&C.

Top Attacked Industries Globally

This month Education/Research is still the most attacked industry globally, followed by Government/Military and Healthcare. In Africa ISP/MSP is the most industry this month, followed by Communications and Government/Military.

  1. ISP/MSP
  2. Communications
  3. Government/Military

Top Exploited Vulnerabilities

This month, “Apache Log4j Remote Code Execution” is the most commonly exploited vulnerability, impacting 43% of organizations worldwide, closely followed by “Web Server Exposed Git Repository Information Disclosure” which has a global impact of 42.3%. “Web Servers Malicious URL Directory Traversal” is in third place with a global impact of 42.1%.

Apache Log4j Remote Code Execution (CVE-2021-44228) – A remote code execution vulnerability exists in Apache Log4j. Successful exploitation of this vulnerability could allow a remote attacker to execute arbitrary code on the affected system.

  1. ↑ Web Server Exposed Git Repository Information Disclosure – An information disclosure vulnerability has been reported in Git Repository. Successful exploitation of this vulnerability could allow an unintentional disclosure of account information.
  2. Web Servers Malicious URL Directory Traversal (CVE-2010-4598,CVE-2011-2474,CVE-2014-0130,CVE-2014-0780,CVE-2015-0666,CVE-2015-4068,CVE-2015-7254,CVE-2016-4523,CVE-2016-8530,CVE-2017-11512,CVE-2018-3948,CVE-2018-3949,CVE-2019-18952,CVE-2020-5410,CVE-2020-8260) – There exists a directory traversal vulnerability on different web servers. The vulnerability is due to an input validation error in a web server that does not properly sanitize the URL for the directory traversal patterns. Successful exploitation allows unauthenticated remote attackers to disclose or access arbitrary files on the vulnerable server.

Top Mobile Malwares

This month AlienBot is the most prevalent mobile malware, followed by Anubis and MaliBot.

  1. AlienBot – AlienBot malware family is a Malware-as-a-Service (MaaS) for Android devices that allows a remote attacker, as a first step, to inject malicious code into legitimate financial applications. The attacker obtains access to victims’ accounts, and eventually completely controls their device.
  2. Anubis – Anubis is a banking Trojan designed for Android mobile phones. Since it was initially detected, it has gained additional functions including Remote Access Trojan (RAT) functionality, keylogger, audio recording capabilities and various ransomware features. It has been detected on hundreds of different applications available in the Google Store.
  3. MaliBot – Malibot is an Android Banking malware that has been spotted targeting users in Spain and Italy. The Banking disguises itself as crypto mining applications under different names and focuses on stealing financial information, crypto wallets and more personal data. 

Check Point’s Global Threat Impact Index and its ThreatCloud Map is powered by Check Point’s ThreatCloud intelligence. ThreatCloud provides real-time threat intelligence derived from hundreds of millions of sensors worldwide, over networks, endpoints and mobiles. The intelligence is enriched with AI-based engines and exclusive research data from Check Point Research, The Intelligence & Research Arm of Check Point Software Technologies.


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E-Business

Police Says Victims Enable Cyber Attacks Out of Ignorance

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Mr Uche Ifeanyi, commissioner of Police in charge of the Nigeria Police Force National Cyber Crime Centre (NPF-NCCC),  said on Friday that most cyber attacks occur because victims act out of ignorance.

Police Says Victims Enable Cyber Attacks Out of Ignorance

He spoke in Abuja at the opening of an online cybercrime awareness campaign themed “Odogwu No Dey Hide Him Face,” organised to educate and empower communities about online safety and cyber hygiene.

“Studies reveal that the majority of cyber attacks are initiated or enabled by victims due to lack of knowledge.

“Personal information is invaluable and must be protected at all times.

“Just as we maintain physical health, we must also maintain a healthy digital lifestyle,” he added, stressing that simple cyber hygiene practices could greatly reduce the risk of becoming a victim.

He urged the public not to disclose confidential information to unauthorised persons and to use strong, unique passwords, enable multi-factor authentication, and apply security safeguards on digital devices.

“Keep personal information private, avoid suspicious links, and regularly update software or system patches,” he said, adding that antivirus programmes and firewalls were essential for online safety.

Ifeanyi warned against falling for “free gifts” online.

“If it sounds too good to be true, it most likely is fraud,” he said, advising caution with urgent or suspicious messages.

He also urged internet users to verify information before sharing to avoid spreading fake news, emphasising that cybercriminals could exploit everyone regardless of age, occupation, or social class.

Vincent Olatunji, director-general, National Data Protection Commission (NDPC), commended NPF-NCCC for its efforts and said the campaign theme was commendable.

He noted the importance of educating people on legitimate wealth and safe internet use.

Olatunji said that the fight against cybercrime required collective effort, warning that the risks were increasing daily as more people connected to the internet across Nigeria.


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Firm Enhances its Security Awareness Platform with SCORM and PDF Support

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Kaspersky has introduced an update to its Automated Security Awareness Platform, adding full support for PDF and SCORM (Sharable Content Object Reference Model) – the industry-standard protocol for deploying and managing e-learning content.

The enhancement enables organisations to build fully customised cybersecurity training programmes that reflect their infrastructure, risk profile, and internal policies, while continuing to benefit from Kaspersky’s expert-driven security content and phishing simulations.

According to the Kaspersky report titled “Redefining the Human Factor in Cybersecurity”, employees responding to phishing attacks was one of the main causes of cyber incidents in companies worldwide, accounting for 21% of cases among other reasons.

At the same time, additional Kaspersky research reveals that social engineering attacks are predicted to increase more than any other type in the nearest future, with 87% of respondents believing that social engineering attacks will become even more effective due to the use of AI tools.

The new Kaspersky Automated Security Awareness Platform (Kaspersky ASAP) update directly addresses several persistent challenges such as reducing the number of human-related incidents, cutting time spent on managing training programmes, decreasing regulatory and compliance risks, and minimising potential legal or reputational damage stemming from cybersecurity breaches.

With the new SCORM support, the platform becomes even more flexible: companies can now upload, track, and manage their own SCORM-based learning materials directly within the system. In addition, companies can accelerate their programmes by using easier-to-create PDF-formats.

This allows organisations to tailor training to their specific technology stacks and emerging threats targeting their industry or region. Businesses that have already invested in third-party SCORM courses or internal learning development can now seamlessly reuse their existing modules, protecting their prior investments while strengthening their cybersecurity posture.

The combination of Kaspersky’s embedded content built on real cases uncovered by the company’s world-class experts with customers’ PDF materials or SCORM modules enables a true best-of-breed approach to human risk management.

Organisations can supplement Kaspersky’s up-to-date cyberattack scenarios with internal policies, unique workflows, and industry-specific lessons, ensuring training resonates with employees and reflects real operational challenges.

“Human behaviour remains one of the most unpredictable elements in cybersecurity and also one of the easiest for attackers to exploit. By adding SCORM support to Kaspersky Automated Security Awareness Platform, we’re giving organisations the flexibility to build training programmes that truly match their internal realities.

“Combined with Kaspersky’s expert-driven content and real-world attack data, this update empowers companies to create more adaptive, relevant, and impactful awareness programmes than ever before,” comments Svetlana Kalashnikova, Security Awareness expert at Kaspersky.


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NDPC, 60 DPAs Collaborate on Enforcing Privacy Rights in the Use of Al

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Nigeria Data Protection Commission (NDPC) has joined sixty (60) other Data Protection Authorities (DPAs) in endorsing the “Joint Statement on Al-Generated Imagery and the Protection of Privacy.”

NDPC, 60 DPAs Collaborate on Enforcing Privacy Rights in the Use of Al

NDPC

The Joint Statement was coordinated by the International Enforcement Cooperation Working Group (IEWG) of the Global Privacy Assembly.

This underscores the growing concerns regarding the privacy risks posed by Artificial Intelligence tools capable of generating realistic images and videos of identifiable individuals.

The Joint Statement highlights concerns over the misuse of Al-powered tools to create non-consensual imagery, defamatory content, and other harmful materials, particularly affecting children and vulnerable groups.

It calls on organisations to implement strong safeguards, ensure transparency, provide effective content removal mechanisms, and comply fully with applicable data protection laws.

The current effort forms part of a continuum of steps being taken by Nigeria to ensure the responsible use of Al. It will be recalled that the Honourable Minister of Communications, Innovation and Digital Economy, Dr ‘Bosun Tijani, led the initiative for the development of the National Al Strategy.

The NDPC also issued the General Application and Implementation Directive (GAID), which, amongst others, mandates privacy by design and privacy by default in the development and deployment of Al tools.

The National Commissioner/CEO of the NDPC, Dr Vincent Olatunji, has directed that the Nigeria Data Protection Act (NDP Act) Compliance Audit Returns (CAR) by data controllers and processors of major importance will serve as a yardstick for monitoring and evaluating responsible use of Al for data processing in Nigeria.


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