Connect with us

Hi, what are you looking for?

SOFTWARE

Nigerian scammers now target businesses with sophisticated tools

Nigeria-based scammers are now using the same tools more sophisticated criminal and espionage groups often deploy to steal business-critical data from enterprises.

Ryan Olson , Unit 42 Intelligence Director, Palo Alto Networks

Those Nigeria-based cybercriminals that send emails that promise unsuspecting individuals of millions of dollars in exchange for a small upfront deposit are now infiltrating businesses with advanced techniques, warns a security export.

419 Evolution, a new report released today from Unit 42, the Palo Alto Networks threat intelligence team, explains how Nigeria-based scammers are now using the same tools more sophisticated criminal and espionage groups often deploy to steal business-critical data from enterprises.

Nigerian criminals are infamous for running easily-spotted “419” phishing scams that attempt to collect credit card details or personal information from individuals, but over the past few years have expanded their skills to target businesses using more advanced techniques.

Ryan Olson , Unit 42 Intelligence Director, Palo Alto Networks

Ryan Olson , Unit 42 Intelligence Director, Palo Alto Networks

Palo Alto Networks researchers discovered these activities and techniques, code-named Silver Spaniel, using WildFire, which rapidly analyzes cyberthreats in a cloud-based, virtual sandbox environment.

Among other techniques, Nigerian criminals use Remote Administration Tools (RATs) available through underground forums, including commercial RATs such as NetWire, that provide complete control over infected systems.

Advertisement. Scroll to continue reading.

Attacks similar to Silver Spaniel in the past may have come from Eastern Europe or a hostile espionage group; businesses haven’t traditionally dedicated resources to these potentially impactful spammers from Nigeria.

Traditional Antivirus programs and legacy firewalls are ineffective because Silver Spaniel attacks are specifically designed to evade those technologies

“These Silver Spaniel malware activities originate in Nigeria and employ tactics, techniques and procedures similar to one another. The actors don’t show a high level of technical acumen, but represent a growing threat to businesses that have not previously been their primary targets,” says Ryan Olson , Unit 42 Intelligence Director, Palo Alto Networks.

Advertisement. Scroll to continue reading.
Advertisement
Advertisement
Advertisement

Like Us On Facebook

You May Also Like

HEADLINES

The new solution equips security teams with significant innovations powered by AI and automation that go beyond traditional “peace time” approaches to cloud security...

HEADLINES

Palo Alto Networks predicts that 2025 is the year deepfakes go mainstream in Asia Pacific. If high-profile individuals can fall victim to identity fraud, children...

HEADLINES

The framework, developed in partnership with six innovators across the QRNG field, addresses the need for multi-vendor interoperability across the industry and enables organizations...

White Papers

7 out of 10 surveyed companies with a high degree of security platformization report their cybersecurity investments have helped business outcomes such as operational...

HEADLINES

The rise of online shopping, digital payments and holiday planning has transformed consumer behavior in the Philippines but has also introduced new risks.

HEADLINES

Palo Alto Networks, a cybersecurity firm, predicts that in 2025, the region will face a perfect storm of AI-driven cyber threats, escalating in scale,...

Biz Solutions

As businesses increasingly integrate AI, the portfolio enables them to confidently build and use AI-powered apps, while also prioritizing the integrity of AI security...

White Papers

Industrial operators are increasingly conscious of the need to adapt cybersecurity to the new demands of the day.

Advertisement