Cybercrime , Fraud Management & Cybercrime
Tracking the Cobalt Cybercriminal GroupGroup-IB's Tim Bobak Says the Group Quickly Embraces New Malware and Tools
The Cobalt cybercrime group is targeting as many banks as possible, which poses risks particularly for smaller, less protected institutions, says Tim Bobak of Group-IB.
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In this video interview at the recent RSA APJ 2018 conference in Singapore, Bobak discusses:
- Trends around the Cobalt cybercrime group, which has targeted ATMs, interbank payment networks and SWIFT infrastructure;
- Why Cobalt has had so much success with spear phishing;
- What efforts banks are making to improve their internal controls in light of attacks against payment transfer systems.
Bobak is APAC executive director for Group-IB, a Moscow-based computer security company. He previously was a senior consultant with IRIS Russia specializing in business intelligence and fraud investigations.