Sophisticated cyber attack against retail forex brokers

Finance Magnates reports:

Excerpts:

  • A trojan horse virus has been spreading across firms working in the retail trading industry, with hackers stealing swathes of data and selling it on the dark web.

  • That’s according to the cybersecurity team at Panda Trading Systems (PandaTS), a technology provider to the retail trading industry.

  • Thus far, the PandaTS cybersecurity team have found a number of different kinds of malware. Most notable amongst them was the Emotet virus, which allows hackers to steal passwords, emails and bank details.

  • “This looks a lot like the virus that was used to attack Ukraine in 2017,” a cybersecurity expert at a consultancy firm told Finance Magnates. “Similar malware has been used to attack banks in the past couple of years. If I was a broker, I would be taking particular care to ensure it can’t spread between computers within my network.”

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