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|Palo alto networks uncovers new source of cyberthreats targeting businesses|
|Posted: Tue Jul 22, 2014 02:38:03 PM|
Research pinpoints how "419" scammers have evolved to get around traditional enterprise safeguards
Santa Clara, Calif., July 22, 2014 - Palo Alto Networks (NYSE: PANW), the leader in enterprise security, today revealed that cyber criminals in Nigeria have evolved common malware campaigns to infiltrate businesses that have not previously been their primary targets.
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. 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.
Key research takeaways
"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."
-- Ryan Olson, Unit 42 Intelligence Director, Palo Alto Networks