Word of the Day: Evil Corp

Word of the Day: Daily updates on the latest technology terms

Word of the Day Daily updates on the latest technology terms | March 24, 2020 Evil Corp Evil Corp is an international cybercrime network that uses malicious software to steal money from its victims' bank accounts. In the last decade, Evil Corp has stolen millions of dollars from hundreds of bank accounts worldwide. Many consider Evil Corp to be the world's largest, most harmful hacking group. Law enforcement has been pursuing Evil Corp for years with limited success. Although the U.S. government indicted the group's leaders in December 2019, they have not yet been arrested, and the group remains active as of this writing. The Department of Justice (DOJ) reported that attacks related to Evil Corp are still occurring. Evil Corp is named after a fictional multinational corporation from the hacker-themed television show Mr. Robot. The group is allegedly based out of Moscow, Russia. Summary of criminal cyberattacks Evil Corp uses multiple types of malware to infect user machines. Its latest strain of malware, Dridex, uses a combination of techniques to automate the theft of users' banking credentials. Dridex sometimes goes by the name Bugat. The terms are used interchangeably. Dridex is distributed using massive phishing email campaigns that send millions of messages per day. Targets receive seemingly legitimate emails with an infected link in the body of the message. If the user clicks the link, Dridex is installed on the machine. From there, the malware infiltrates the web browser, where it can generate fake bank login pages. When users enter their confidential information into the fake login screen, a Dridex keylogger records the user's name and password. More recent modifications to Dridex also help with the installation of ransomware, which will lock down the target system until the user meets the attackers demands. According to the U.S. Department of the Treasury, Evil Corp has used the Dridex malware to infect computers and harvest login credentials from hundreds of banks and financial institutions in over 40 countries, causing more than $100 million in theft. Continue reading... Today's Takeaway "The better protections we can deploy for users, the harder the criminal's job is. The more arrests law enforcement is able to make, the more risky it is for criminals to continue their operations. Both of these activities increase the attackers cost of doing business, which lowers their incentive to continue their operations." - Ryan Olson Related Terms You Should Know ransomware as a service Zeus crimeware kit phishing keylogger phishing kit Operation Phish Phry Buzzword Alert banking Trojan The US State Department said at least one Evil Corp member splurged some of the stolen cash on a customised Lamborghini supercar with a vanity plate that translates to "thief".   crimeware New research from Chronicle shows that as crimeware has grown over the last five years, law enforcement efforts have become increasingly ineffective -- and in some cases have produced unintended consequences. Writing for Business When this type of program is installed on a computer, it appears harmless -- but is, in fact, malicious. a. Trojan horse b. rolling code Answer Stay in Touch Thank you for reading! For feedback about any of our definitions or to suggest a new definition (or learning resource) please contact us at: editor@whatIs.com FOLLOW US About This E-Newsletter The Word of the Day is published by TechTarget, Inc., 275 Grove Street, Newton, Massachusetts, 02466 US. Click to: Unsubscribe. You are receiving this email because you are a member of TechTarget. When you access content from this email, your information may be shared with the sponsors or future sponsors of that content and with our Partners, see up-to-date Partners List, as described in our Privacy Policy. For additional information, please contact: webmaster@techtarget.com. © 2020 TechTarget, Inc. all rights reserved. Designated trademarks, brands, logos, and service marks are the property of their respective owners. Privacy Policy | Partners List