AMSTERDAM, July 30, 2020 /PRNewswire/ -- EclecticIQ, the global provider of cyber threat intelligence (CTI) technology solutions, has teamed up with fraud and cybercrime prevention experts at ThreatFabric to publish the findings of an investigation into instances of threat actors actively pushing malicious Android packages disguised as legitimate contact tracing applications.
Key analysis points by ThreatFabric and EclecticIQ reveal that:
- Threat actors have been disguising Android packages as legitimate government-backed contact tracing applications for financial gain.
- There is evidence to suggest that actors have used repackaged commodity and open-source malware to lower the investment required in the observed campaigns.
- Third-party port forwarding, and secure tunneling services have probably been used to provide anonymization to command and control (C2) infrastructure.
- The Android packages were probably delivered through links pointing to phishing pages.
The findings of the report suggest that threat actors will almost certainly continue to use commodity and open source-based malware disguised as legitimate contact tracing applications for financial gain. The low barrier to entry provided by these tools and the continued rollout of contact tracing applications by nations, presents continued financial opportunity for cybercriminals into the near future. Malicious actors have shown their willingness to exploit the current pandemic by targeting legitimate contact tracing applications consistently in recent months. Samples analyzed by EclecticIQ and ThreatFabric researchers had an earliest estimated build time of April 12th, 2020 with the latest being June 23rd, 2020.
Peter Ferguson, Cyber Threat Intelligence Specialist at EclecticIQ's Fusion Center commented:
"Users should never download contact tracing android applications from links sent to them or from third party stores. If they are interested in downloading their nation's contact tracing application, they should use the official site or the Google Play Store."
Gaetan van Diemen, General Manager at ThreatFabric commented:
"Threat actors have become very efficient in tricking users into downloading and installing a phenomenal variety of malicious apps on their mobile devices. To avoid fraud and brand or reputation damage, we strongly recommend app developers and online service providers to adapt their security strategy based on the factual evolution of the mobile threat landscape."
- Read full report here
EclecticIQ enables intelligence-powered cybersecurity for government organizations and commercial enterprises. We develop analyst-centric products and services that align our clients' cyber security focus with their threat reality. The result is intelligence-led security, improved detection and prevention, and cost-efficient security investments.
Our solutions are built specifically for analysts across all intelligence-led security practices such as threat investigation and threat hunting, as well as incident response efforts. We tightly integrate our solutions with our customers' IT security controls and systems. EclecticIQ operates globally with offices in Europe, the United Kingdom and North America, and via certified value-add partners.
Learn more at www.eclecticiq.com
ThreatFabric helps financial institutions protect their online services, stop fraud and enhance customer experience. Powered by threat intelligence, ThreatFabric's solutions offer a holistic approach to risk detection and fraud prevention. MTI (Mobile Threat Intelligence) provides global visibility and context on the mobile banking threat landscape. It is the threat intelligence solution to use to protect personal data, customers and brand from financially motivated threat actors. It includes the strategic overview of threats and context as well as all relevant technical indicators. CSD (Client Side detection) provides the answer to the constantly-evolving fraud landscape and regulatory challenges. An omnichannel solution that empowers financial institutions to pro-actively detecting known and unknown threats to mitigate fraud and build trust across their online services.
Learn more at www.threatfabric.com
PRLog ID: www.prlog.org/12832093