Submitted by Micah Smith on Mon, 12/04/2017 - 16:12
Upcoming : A Cyber War
Upcoming : A Cyber War

It feels like no system is safe from cyber attack. The tech industry is positioned to create new technologies that can connect everything you do online into one seamless experience. But the practical results are such that cybercriminals can assume control over your virtual life with increasing simplicity and at a greater speed.

Not only can hackers steal all your banking info as you type in your password but they can also hack into your email and social media accounts.

Security researchers found a new and improved form of the famous Zeus banking Trojan that is a real Zeus 2.0. Under its alter ego -Terdot, which was first discovered in 2016 and tailor- made to steal banking information.

Researchers at Bitdefender discovered that the Trojan was revamped with new espionage functionality that allows it to create fake SSL certificates and gain access to your cyber social and personal data.

Terdot used to target several Canadian banking sites such as Royal Bank, Banque Nationale, PCFinancial, Desjardins, Bank of Montreal and Scotiabank. But now it can hack into your Facebook, Twitter, Google Plus, YouTube accounts, as well as Gmail, Microsoft’s Live.com, and Yahoo Mail.

The Trojan uses a JavaScript code that downloads and runs the malware file. It also uses a complex combination of droppers, injections, and downloaders to evade detection. The Trojan is distributed through compromised websites and malicious email. The worst part of it is that once it infects your social media accounts it spreads to your friends and contacts. There is nothing that says friendship like destructive malware.  It’s the gift that keeps on giving.

I don’t know what’s worse. For your average Joe, perhaps it’s worse to get their bank account hacked, not withstanding that eventually the bank’s fraud protection department would return the money. However, for those in the spotlight, the political, financial and social celebrities out there with sensitive information on their social media, having those accounts hacked would probably be a lot worse.

We have seen a lot of famous hacks against companies start with their social media account and these almost always have repercussions in the public perception and in their pocket.

With the advent of smart home technologies and VR the risk of both compromised and data stolen increases by the day. Hackers are getting smarter and smarter.

Besides, at any rate it isn’t as if hackers need to reinvent the wheel anymore. They simply buy some old code from a black marketplace and revamp it, give it a little pizzazz, as the case appears to be with this banking Trojan, Terdot. It doesn’t make it any easier to catch the criminals since the code doesn’t give away their origin and its pretty clear that they bought it from someone else.

The cream on the virtual cake is that hackers can now steal state-sanctioned cyber weapons and add those to their software like missile heads. Governments are currently trying to oust each other from the Technology race by creating black ops nefarious cyber teams or backing existing groups of cybercriminals to harm enemies.

All too soon we believe the nuclear arms race will be but a distant memory and Washington will only hear, ‘cyber arms race’ bouncing between each nervous arm of the establishment.

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