While holiday scams dominant the cyberthreat news, the reality is the financial community is constantly probed for weaknesses in their security landscape such as through logic bombs and supposedly padlocked sites.
Clifton, N.J.- based cybersecurity firm Comodo in a blog warned about logic bomb, which refers to the malware (also called slag code), which gets activated by a response to an event. For example, firing up an application or when a specific date/time is reached.
"Online fraudsters make use of the logic bomb malware in a variety of ways. Attackers usually embed the code within a bogus application, or Trojan horse, and will automatically execute whenever the user launches the fake software," reads the alert.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
