A popular cybercriminal gang, dubbed ‘Ursnif,’ has been found to be actively targeting Australian citizens’ bank accounts. Ursnif is one of the oldest banking trojan spreaders in the field, dating back to the early 2000s. The malware is distributed through spam email campaigns led by the cyber group. The trojan uses a password database to extract login information from the target’s web browser, providing the attackers with access to their financial information.
The group deploys various methods to infect victims’ devices, including fake invoices and courier delivery notices. Ursnif’s campaigns have primarily targeted Australian financial institutions since 2013, and the latest activities seem to be part of its ongoing onslaught. The trojan’s operators seem to have increased their efforts to scout for new targets in recent months.
According to a cybersecurity research team, the hackers’ ultimate goal is to perform fraudulent transactions that can make their millions. Ursnif’s actions exemplify the need for businesses to continuously improve their cybersecurity defenses to safeguard themselves from the rising threat of cybercrime. Financial institutions and other industries that frequently handle sensitive information need to prioritize cyber defenses to prevent financial losses, data breaches, and damage to their reputation.
