To help protect the island’s residents and companies from online malware and hacker attacks, eight Guam Community College students completed the first Cybersecurity Boot Camp program on Wednesday.
The malware could send further malicious content via automated replies to incoming WhatsApp messages.
The researchers found the malware hidden in an app called “FlixOnline” which is a fake service that claims to allow users to view Netflix content from around the world on their mobile.
“However, instead of allowing the mobile user to view Netflix content, the application is actually designed to monitor the user’s WhatsApp notifications, and to send automatic replies to the user’s incoming messages using content that it receives from a remote command and control (C&C) server,” stated CPR.
The malware sends this message to its victims, and lures them with an offer of a free Netflix service: “2 Months of Netflix Premium Free at no cost For REASON OF QUARANTINE (CORONA VIRUS) Get 2 Months of Netflix Premium Free anywhere in the world for 60 days. Get it now HERE https://bit[.]ly/3bDmzUw.”
BFSI to Drive the Market Growth
With a growing number of cybercrimes activities, the security of sensitive data such as financial banking details, personal banking details, personally identifiable information, and confidential corporate data is at high risk. Due to these reasons, the demand for BFSI security solutions has witnessed a high requirement, consequently boosting the Web Filtering Market’s growth.
For instance, according to Verizon Communications Inc, in 2019, the global Finance industry experienced 1,509 cybersecurity incidents. Public and Professional services were the most targeted sectors, with 7,463 and 6,843 reported incidents. As per the IC3 & FBI, in the year 2019, 16,503 online identity theft cases were reported. Phishing and similar fraud ranked first, with 114,702 complaints.