Close Menu
  • Home
  • Articles
    • Attacks
      • BEC
      • Data Breach
      • DDoS
      • Evasion Attacks
      • Injection
      • Malware
      • MITM
      • Phishing
      • Ransomware
      • RCE
      • Social Engineering
      • Spoofing
      • Spyware
    • Business and Policy
      • BCP and DRP
      • GRC
      • Regulations
    • Data Protection
      • DLP
      • DRM
      • Encryption
      • IAM
    • Future, Trends and Insight
      • AI
      • Events & Community
      • Emerging Tech
      • Expert Panel
      • Interviews With Experts
      • Insights
      • Study & Research
    • Resources
      • Guides
      • Tools
      • Training & Education
    • Security
      • API
      • Apps
      • Cloud
      • Critical Infrastructure
      • Endpoint
      • Hardware
      • IoT
      • Mobile
      • Network
      • OT
      • Port Security
      • Security Architecture
      • Software Development
      • Supply Chain
      • Zero Trust
    • Threats and Vulnerabilities
      • Emerging Threats
      • Insider Threats
      • Risk Management
      • Threat Intelligence
      • Zero Day
  • News and Exclusives
    • Latest News
    • ISB Exclusive
    • Positive News
  • Who We Are
    • About Us
    • Information Security Buzz Expert Panel​
    • Write for Us
    • Media Pack
  • Contact Us
  • Newsletter
Facebook X (Twitter) LinkedIn
Facebook X (Twitter) LinkedIn
Information Security BuzzInformation Security Buzz
  • Home
  • Articles
    • Attacks
      • BEC
      • Data Breach
      • DDoS
      • Evasion Attacks
      • Injection
      • Malware
      • MITM
      • Phishing
      • Ransomware
      • RCE
      • Social Engineering
      • Spoofing
      • Spyware
    • Business and Policy
      • BCP and DRP
      • GRC
      • Regulations
    • Data Protection
      • DLP
      • DRM
      • Encryption
      • IAM
    • Future, Trends and Insight
      • AI
      • Events & Community
      • Emerging Tech
      • Expert Panel
      • Interviews With Experts
      • Insights
      • Study & Research
    • Resources
      • Guides
      • Tools
      • Training & Education
    • Security
      • API
      • Apps
      • Cloud
      • Critical Infrastructure
      • Endpoint
      • Hardware
      • IoT
      • Mobile
      • Network
      • OT
      • Port Security
      • Security Architecture
      • Software Development
      • Supply Chain
      • Zero Trust
    • Threats and Vulnerabilities
      • Emerging Threats
      • Insider Threats
      • Risk Management
      • Threat Intelligence
      • Zero Day
  • News and Exclusives
    • Latest News
    • ISB Exclusive
    • Positive News
  • Who We Are
    • About Us
    • Information Security Buzz Expert Panel​
    • Write for Us
    • Media Pack
  • Contact Us
  • Newsletter
Subscribe
Information Security BuzzInformation Security Buzz
Home - News & Analysis - British Banks Lose £20 Million to Dridex Malware
News & Analysis

British Banks Lose £20 Million to Dridex Malware

ISBuzz TeamBy ISBuzz TeamOctober 19, 2015Updated:July 15, 20243 Mins Read
Share LinkedIn Twitter Facebook Copy Link Email
Dridex Malware
Share
Facebook Twitter LinkedIn Email Copy Link
Quick AI Summary
ChatGPTClaudeGeminiGrokPerplexityDeepSeekCopilot

Following the warning from The National Crime Agency that internet users are being targeted by a new version of the Dridex malware, and that some £20m has already been stolen by the gang in the UK alone. Security experts from Tripwire and Raytheon|Websense, commented on the news and discussed how it’s not just a UK threat but a worldwide one.

[su_note note_color=”#ffffcc” text_color=”#00000″]Ken Westin, Senior Security Analyst at Tripwire :

“The sophistication and scale of the infection of Dridex, not to mention the amount of money made by the cyber criminals involved, shows that cybercrime is a big business. This should also serve as a warning to banks and consumers, as this is only the tip of the iceberg.

Law enforcement and private industry are ramping up their defensive capabilities but at the same time new tools and techniques are being developed that will build on Dridex and include more sophisticated methods of evasion and infiltration of our systems.

When criminal syndicates see how much money can be made from these intricate and complex cyber heists, many more will implement similar techniques and tools. We should also expect these attackers to pay close attention to how the others were caught to ensure their next attack does not suffer the same fate.”[/su_note]

[su_note note_color=”#ffffcc” text_color=”#00000″]Carl Leonard, Principal Security Analyst, Raytheon|Websense :

Dridex is not new, in fact over the past year we have seen an increase in the malware to target individuals in order to gain access to personal data. We monitored that tens of thousands of lures during August were used to target individuals in the Czech Republic, whereby the Dridex hackers used malicious email lure themes related to invoicing to make the messages seem more authentic.

Dridex has also been delivered by other bots such as Andromeda, one of the highly configurable malware tools available for sale in the underground community. Malware authors will likely replace that payload with another malware of their choosing and will not just stop at the UK but will aim to target internationally.

Recipients should be extra cautious of email messages that include any source information they are not already familiar with, including:

  • Email sender
  • Company sender domains
  • Email bodies with little to no contextual information

Since Dridex is known to not only leverage but also harvest additional SMTP accounts as part of its malicious activities, email recipients should also be careful with suspicious messages sent from familiar names or aliases. Recipients should use caution by following up in a separate email thread or via a phone call (or some other out-of-band process) for validation of a submitted invoice.

We advise organisations to invest in a technology that disrupts the threat lifecycle early on, and furthermore all security best practices and defense-in-depth strategies should be followed as part of a risk mitigation strategy.[/su_note]

[su_note note_color=”#ffffcc” text_color=”#00000″]Kevin Epstein, VP of Threat Operations at Proofpoint :

“Dridex has been the dominant document attachment-based malware over the last year–it accounted for more than 90% of such malware, and impacted organizations of all sizes. It was not unusual to see multiple campaigns per day, many consisting of millions of emails at a time. Mainly designed to steal banking credentials, Dridex was distributed by multiple botnets. Proofpoint observed a complete cessation of Dridex distribution for 30 days following the recent arrest of a reported botnet administrator. Campaigns have resumed in the past weeks and it’s clear that Dridex isn’t over. We are back to seeing daily campaigns that distribute millions of emails.”[/su_note]

ISBuzz Team
  • ISBuzz Team
    Air Canada Data Breach: BianLian Extortion Group Claims A Massive Heist Contrary To Airline’s Earlier Statement
  • ISBuzz Team
    Unprecedented DDoS Attack Rocks The Web: Tech Giants Reveal A Digital Tsunami
  • ISBuzz Team
    CISA Flags High-Severity Adobe Acrobat Reader Flaw Amid Active Exploits
  • ISBuzz Team
    Curl Security Alert: Patching A Critical Bug Averting Potential Cyber Catastrophe

The opinions expressed in this post belong to the individual contributors and do not necessarily reflect the views of Information Security Buzz.

Share. Facebook Twitter LinkedIn Email Copy Link

Related Posts

The Real Cost of Inconsistent Third-Party Access

December 18, 20255 Mins Read

What Happens When Devices Cross Borders? The Role of Geofencing in Global IT

August 7, 20256 Mins Read

The Evolving Importance of Identity Governance in FinTech

July 10, 20258 Mins Read
ISB-Bora-Side-Bar

 
ISB-Bora-Side-Bar
Black ISB Logo

Information Security Buzz is an independent resource that provides the experts’ comments, analysis, and opinion on the latest Cybersecurity news and topics

X (Twitter) LinkedIn Facebook RSS

Working With Us

  • About Us
  • Advertise With Us
  • Contact Us

Write For Us

  • How To Contribute

The Pages

  • Privacy Policy
  • Cookie Policy
  • AI Policy
  • Terms & Conditions
  • Copyright Notice

Information Security Buzz and all its contents are copyright © 2014-2025. All rights reserved. All third-party trademarks are recognized.

Type above and press Enter to search. Press Esc to cancel.

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}