Saturday, July 11, 2020
Home Business Cyber Criminals to Target Online Payment Processing Systems in 2020: Kaspersky

Cyber Criminals to Target Online Payment Processing Systems in 2020: Kaspersky

Cybercrime: Online payment systems to be prime targets in 2020

More cybercriminal groups will target online payment processing systems in 2020, researchers from global cybersecurity and anti-virus brand Kaspersky have warned.

Over the past couple of years, so-called JS-skimming (the method of stealing of payment card data from online stores), has gained immense popularity among attackers.

Kaspersky researchers in their latest report said they are currently aware of at least 10 different actors involved in these type of attacks.

Their number will continue to grow during the next year, the report said, adding that the most dangerous attacks will be on companies that provide services such as e-commerce as-a-service, which will lead to the compromise of thousands of companies.

“This year has been one of many important developments. Just as we predicted at the end of 2018, it has seen the emergence of new cybercriminal groups, like CopyPaste, a new geography of attacks by Silence group, cybercriminals shifting their focus onto data that helps to bypass antifraud systems in their attacks,” Yuriy Namestnikov, Security Researcher at Kaspersky, said in a statement.

Online Payment
Cyber criminals will target online payment which will affect e-commerce. Pixabay

“Behavioural and biometrics data is on sale on the underground market. Additionally, we expected JS-skimmer base attacks to increase and they did. With 2020 on the horizon, we recommend security teams in potentially affected areas of the finance industry to gear up for new challenges,” Namestnikov said.

In addition, cybercriminals will also target mobile investments apps which have become more popular among users around the globe, according to the predictions from Kaspersky on the expected development of the threat landscape in the financial sector.

Not all of these apps utilize best security practices, like multi-factor authentication or protection of the app connection, which may give cybercriminals a potential way to target users of such applications

Kaspersky research and monitoring of underground forums suggests that the source code of some popular mobile banking Trojans was actually leaked into the public domain.

Previous similar cases of malware source code leakage (like Zeus, SpyEye) resulted in an increased number of new variations of these Trojans. In 2020, this pattern may repeat, the researchers warned.

They said tyhat they expect an increase in the activity of groups specialised in criminal-to-criminal sale of network access to banks in the African and Asian regions, as well as in Eastern Europe.

Also Read- Immediate Health Aid by WHO Protects Vulnerable Population from Health Threats

Their prime targets are small banks, as well as financial organizations recently bought by big players who are rebuilding their cybersecurity system in accordance with the standards of their parent companies.

Besides, it is expected that the same banks may become victims of targeted ransomware attacks, as banks are among those organisations that are more likely to pay a ransom than accept the loss of data. (IANS)

STAY CONNECTED

18,990FansLike
362FollowersFollow
1,786FollowersFollow

Most Popular

Ageing, Muscle Mass and Your Health

We've all battled with a lid that just won't budge. Maybe we tried banging it on the counter or holding it under hot water,...

Tips to Rejuvenate Your Home This Shravan

The fifth month of the Hindu calendar is called 'the holy month of Shravan', known to be a conduit for conveying natural and tremendous...

Here’s How Yoga Improves Reproductive and Sexual Health

Yoga is an ancient method of relaxation, exercise, and healing that has gained a wide following across the world. It rejuvenates the mind, body,...

Research on Link between Humans and Cats on Silk Road

In some news for cat lovers, new analyses done on an almost-complete cat skeleton found during an excavation along the former Silk Road in...

Application Rate per Job Increases by 48% Amid Covid-19 in India

Rate of applications per job has now increased by 48 per cent in India compared to average applications per job in the pre-Covid period,...

Spotify Signs Deal With Archie Comics to Produce Podcasts

Swedish audio streaming giant Spotify on Friday signed an exclusive deal with Archie Comics to produce podcast adaptations starring the comic book publisher's iconic...

3 in 4 Indians Prefer Watching Movies on OTT Platforms Amid Pandemic

Three in four Indians would prefer to watch a movie on various over-the-top (OTT) platforms in the social distancing times compared to just one...

Poor Indian Children Consistently Face Educational Disadvantages: Researchers

Children from poorer households in India consistently experience educational disadvantages as compared to their wealthier peers, say researchers, adding that the girls are more...

Recent Comments