Carbanak Banking Malware Reappears with New Ransomware Tactics

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The banking malware known as Carbanak has been observed being used in ransomware attacks with updated tactics.

In an analysis of ransomware attacks that occurred in November 2023, cybersecurity firm NCC Group stated that “the malware has adapted to incorporate attack vendors and techniques to diversify its effectiveness.” “Carbanak returned last month through new distribution chains and has been distributed through compromised websites to impersonate various business-related software.”

Popular business-related programs like HubSpot, Veeam, and Xero are among the spoof tools. Originally developed as banking malware, the FIN7 cybercrime syndicate has made use of it.

Read More: Carbanak Banking Malware Resurfaces with New Ransomware Tactics

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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