This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Palo Alto Networks Uncovers New Source Of Cyberthreats Targeting Businesses

Stocks in this article: PANW

SANTA CLARA, Calif., July 22, 2014 /PRNewswire/ -- Palo Alto Networks® (NYSE: PANW), the leader in enterprise security, today revealed that cyber criminals in Nigeria have evolved common malware campaigns to infiltrate businesses that have not previously been their primary targets.

PANW.

419 Evolution, a new report released today from Unit 42, the Palo Alto Networks threat intelligence team, explains how Nigeria-based scammers are now using the same tools more sophisticated criminal and espionage groups often deploy to steal business-critical data from enterprises.

Nigerian criminals are infamous for running easily-spotted "419" phishing scams that attempt to collect credit card details or personal information from individuals, but over the past few years have expanded their skills to target businesses using more advanced techniques. Palo Alto Networks researchers discovered these activities and techniques, code-named Silver Spaniel, using WildFire, which rapidly analyzes cyberthreats in a cloud-based, virtual sandbox environment.

Key research takeaways:

  • Among other techniques, Nigerian criminals use Remote Administration Tools (RATs) available through underground forums, including commercial RATs such as NetWire, that provide complete control over infected systems
  • Attacks similar to Silver Spaniel in the past may have come from Eastern Europe or a hostile espionage group; businesses haven't traditionally dedicated resources to these potentially impactful spammers from Nigeria
  • Traditional Antivirus programs and legacy firewalls are ineffective because Silver Spaniel attacks are specifically designed to evade those technologies

Quote:

  • "These Silver Spaniel malware activities originate in Nigeria and employ tactics, techniques and procedures similar to one another. The actors don't show a high level of technical acumen, but represent a growing threat to businesses that have not previously been their primary targets." -- Ryan Olson, Unit 42 Intelligence Director, Palo Alto Networks 

To protect against the NetWire RAT, Palo Alto Networks has released a free tool to decrypt and decode command and control traffic and reveal data stolen by Silver Spaniel attackers, available at https://github.com/pan-unit42/public_tools.

Palo Alto Networks Launches A New Era In Threat Intelligence

Unit 42, the Palo Alto Networks threat intelligence team, is made up of accomplished cybersecurity researchers and industry experts. Unit 42 gathers, researches and analyzes up-to-the-minute threat intelligence, sharing insights with Palo Alto Networks customers, partners and the broader community to better protect organizations.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,544.55 +144.88 0.88%
S&P 500 1,931.08 +27.07 1.42%
NASDAQ 4,389.22 +73.1460 1.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs