Hackers hit government agencies and banks hard in Singapore

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As one of the major financial hubs in Southeast Asia, Singapore is drawing increasing attention from financially-motivated hackers every year.

At the annual Money20/20 Asia Singapore payments, financial services and fintech summit held Mar 19-21, cybercrime prevention and response company Group-IB announced their discovery of a new tool used by data thieves Lazarus Group.

After finding that Lazarus was responsible for several attacks on financial organizations in Asia, Group IB detected and analysed the gang’s most recent attack on one of the Asian banks. At least one of the RATs was available via a legitimate Vietnamese resource, which might have been involved in other attacks.

Several cybersecurity researchers note that in 2018 Lazarus carried out a global campaign known as Rising Sun. Users’ logins and passwords from the Government Technology Agency, Ministry of Education, Ministry of Health, Singapore Police Force website, National University of Singapore learning management system and many other resources were stolen by cybercriminals. CERT-GIB reached out to Singaporean CERT upon identification of this information.

 

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