{"id":2985,"date":"2018-06-13T16:19:08","date_gmt":"2018-06-13T16:19:08","guid":{"rendered":"https:\/\/kasperskycontenthub.com\/threatpost\/?p=132796"},"modified":"2018-06-13T16:19:08","modified_gmt":"2018-06-13T16:19:08","slug":"banco-de-chile-wiper-attack-just-a-cover-for-10m-swift-heist","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/banco-de-chile-wiper-attack-just-a-cover-for-10m-swift-heist\/","title":{"rendered":"Banco de Chile Wiper Attack Just a Cover for $10M SWIFT Heist"},"content":{"rendered":"
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A cyberattack against Chile\u2019s largest financial institution last month, which reportedly\u00a0destroyed 9,000 workstations and 500 servers, was actually cover for a larger plot\u00a0to compromise endpoints handling transactions on the SWIFT network. When the dust settled on the attacks, investigators said $10 million was stolen from\u00a0Banco de Chile and funneled off to an account in Hong Kong.<\/p>\n

On Sunday, the bank\u2019s general manager Eduardo Ebensperger told Chilean media outlet Pulso<\/a>\u00a0<\/em>that the late-May attack<\/a>\u00a0allowed adversaries to complete four separate fraudulent transactions on the SWIFT system before the heist was discovered.<\/p>\n

\u201cWe found some strange transactions in the SWIFT system (where banks internationally remit their transactions to different countries),\u201d Ebensperger told the outlet. \u201cThere we realized that the virus was not necessarily the underlying issue, but apparently [the attackers] wanted to defraud the bank.\u201d<\/p>\n

The initial attack was carried out using a\u00a0wiper malware<\/a>\u00a0that\u00a0Ebensperger described as\u00a0a \u201czero-day virus<\/a>\u201d that had never been seen in the wild. However, in report published Tuesday<\/a> by\u00a0 Flashpoint, analysts discovered that the code is actually a modified version of the Buhtrap malware component known as kill_os. The module renders the local operating system and the Master Boot Record (MBR) unreadable by erasing them.<\/p>\n

After reverse-engineering the codebase, Flashpoint analysts found that the Chile-attack malware, dubbed \u201cMBR Killer,\u201d was identical with only minor modifications to Buhtrap\u2019s kill_os. For instance, the Buhtrap code, which was leaked onto the Dark Web in February, contains an almost identical Nullsoft Scriptable Install System (NSIS) script as the unpacked Banco de Chile malware (NSIS is an open-source system used to build Windows installers).<\/p>\n

This revelation could potentially help with attribution: The Buhtrap malware and its components, including MBR Killer, were previously used by a Russian-speaking hacker collective in attacks against multiple financial institutions in Russia and the Ukraine, Flashpoint noted.<\/p>\n

However, the attribution behind the Banco de Chile attack remains uncertain.<\/p>\n

\u201cIt is notable, however, that Chilean financial institutions were targeted entities by the Lazarus Group, which was linked to North Korea, during the compromise of the\u00a0Polish Financial Supervision\u00a0Authority website in 2017,\u201d Vitali Kremez, director of research, told Threatpost in an interview. \u201cMore\u00a0specifically, the breached website was\u00a0filtered to serve payloads to only targeted IP ranges associated with financial\u00a0institutions of interest to the group.\u201d<\/p>\n

He added, \u201cthe above-referenced indicators point to two possible groups behind \u2013 purported North-Korean affiliated group Lazarus and the known Russian-speaking sophisticated criminal\u00a0group<\/a> Buhtrap.\u201d<\/p>\n

It\u2019s also possible, researchers said, that it\u2019s an entirely different copycat group making use of Buhtrap\u2019s leaked source code.<\/p>\n

Meanwhile, Ebensperger said that a forensic analysis conducted by Microsoft attributed the attack to either Eastern European or Asian groups. Further, Ofer Israeli, CEO of Illusive Networks, said via email that he too believes the North Korea-linked Lazarus Group, which is thought to have carried out the SWIFT attacks in Bangladesh<\/a> in 2016, is behind it all.<\/p>\n

\u201cTargeting financial organizations is part of their long-term strategy and compromising global financial networks via small to medium-sized banks in Central and South America whose cyber-defenses may be less sophisticated poses a higher probability of success,\u201d he explained.<\/p>\n

In any event, Banco de Chile is the latest victim in a string of cyber-attacks targeting payment transfer systems. For instance, in May, Somewhere between $18 million to $20 million went missing<\/a> during unauthorized interbank money transfers in Mexico\u2019s central banking system.<\/p>\n

\u201cThird-party providers of payment and transfer systems have become one of the most effective attack vectors for hackers trying to siphon money from banks,\u201d said Fred Kneip, CEO at CyberGRX, via email. \u201cWe\u2019ve seen the SWIFT Network under attack for years now, and just last month hackers targeted the Mexican central bank SPEI interbank transfer system.\u201d<\/p>\n

He added, \u201cA large international bank has tens of thousands of third parties in their digital ecosystem, but hackers have figured out that it only takes one weak link to make millions of dollars. Understanding the level of risk exposure introduced by all third parties is important, but that becomes even more critical for a Tier 1 partner like a transfer system provider.\u201d<\/p>\n

READ MORE HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The wiper malware affecting 9,000 workstations and 500 servers inside Chile\u2019s largest financial institution turns out to have been a distraction. READ MORE HERE…<\/p>\n","protected":false},"author":2,"featured_media":2986,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[3],"tags":[1299,1300,1301,1302,1303,18,1304,28,1305,582,1306],"class_list":["post-2985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-threatpost","tag-10-million","tag-buhtrap","tag-chile","tag-financial-attack","tag-flashpoint","tag-hacks","tag-heist","tag-malware","tag-mbr-killer","tag-swift","tag-wiper-malware"],"yoast_head":"\nBanco de Chile Wiper Attack Just a Cover for $10M SWIFT Heist 2026 | ThreatsHub Cybersecurity News<\/title>\n<meta name=\"description\" content=\"ThreatsHub Cybersecurity News | ThreatsHub.org | Cloud Security & Cyber Threats Analysis Hub. 100% Free OSINT Threat Intelligent and Cybersecurity News.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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