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VOlk-Botnet Attacks Banks of Latin America

The VOlk-botnet based in Mexico is reportedly unleashing an uninterrupted surge of pharming assaults targeting banks in Latin America, published Threadpost in news on October 12, 2011.

Incidentally, according to an expert at Kaspersky Lab, Latin America isn't any longer ranked last on the list of the most dangerous hosts of malevolent assaults. Moreover, the security company identified the VOlk-botnet variant as Backdoor.Win32.VB.oyu that's particularly created for attacking end-users who use some specific Argentinean and Chilean financial institutions' services.

The botnet, as per reports, is supporting highly advanced pharming assaults, which divert web-traffic onto a site that cyber-criminals control. Occasionally, this botnet works with even greater efficacy compared to the SpyEye or ZeuS malware of Eastern Europe that are inserted inside computers' operating system for intercepting any probable banking transactions that are conducted via those machines.

Moreover, for any computer contaminated with the Backdoor.Win32.VB.oyu, it'll be really hard for eliminating the malware. Since tricks of social engineering are combined with the process the malware deploys, one can best avert the danger by being extremely doubtful about any dubious appearing solicitations got over phone or e-mail.

Evidently, the Kaspersky expert Jorge Mieres noted that whereas worldwide strategies of cyber-crime mostly had an identical end-goal, the attack techniques used could be different.

And albeit not so complicated, while comparing both techniques, local pharming's success rate was extremely high. Further, when combined with tricks of social engineering, that rate became particularly more. Thus, it was recommended that users maintained their anti-virus software running as well as up-to-date.

Meanwhile, according to security researchers, attacks against Latin American banks aren't unknown. Starting May 2011, Kaspersky Labs' researchers observed that botnets' toolkits for crime-ware, which was tailored for attacks against Latin America, seemed as being created to target Peru's Internet banking clients.

Hence, as per the recommendations of security specialists towards safeguarding end-users from such online crimes, the latter must not click untrustworthy website contents while ensuring that their security software remains wholly functional and up-to-date. Also, they mustn't believe anything, which appears as arriving from lawful institutions alternatively authorities unless they're sure about its legitimacy.

» SPAMfighter News - 10/21/2011

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