Slovenian Cyber-crooks Target Small Business Bank Accounts

Small business owners need to be on their guard for email frauds like the one described in this article on Sophos.  This is a must read, and must share with your controller, bookkeeper, or office manager.

Slovenian police on Thursday raided 12 homes and arrested five Slovenian citizens in connection with sending malware-packed email to small and medium businesses’ accounting departments.

The email was spoofed to look like it came from a local bank or, in one case, the state tax authority, and it typically warned of a late payment.

The fake tax letter fictionalized a change of legislation that would financially affect the targeted victim. The email came with an attachment that carried a trojan.

The RAT (Remote Administration Toolkit) contacted a controlling server that frequently changed network location.

Once a target clicked on the attachment and installed the RAT, the cybercriminals could observe activity on the infected system.

Read the full article at Sophos.

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About the Author:

Cybersecurity analyst, pen-tester, trainer, and speaker. Serving small business owners in the St Paul, Minneapolis, and western Wisconsin area since 2001. Cybersecurity and hacking have been a passion of mine since I entered the computer and networking business in 2000. I hold several cybersecurity certifications including Certified Information Systems Security Professional (CISSP), Certified Advanced Security Pratitioner (CASP), and Certified Ethical Hacker (CEH). Other computer industry certifications include A+, Network+ and Microsoft Certified System Engineer (MCSE). As Cybersecurity Analyst at The WyzCo Group, I help our clients experience high levels of security on their computers, networks, and websites. In addition to consulting on security products and services, we also conduct security audits, vulnerability assessments and full penetration tests. We also work with companies and organizations that need to certify compliance with regulations such as PCI-DSS (credit card processing), HIPAA/HITECH (medical records), and GLBA. We also provide Cybersecurity Awareness Training for clients and their employees. I am a frequent speakers at cybersecurity conferences such as the Minnesota Bloggers Conference, Secure360 Security Conference, the (ISC)2 World Congress, and the ISSA International Conference, and many local community organizations, Chambers of Commerce, SCORE, and several school districts. I have been blogging on cybersecurity since 2008.

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