Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

Report: Hacker group FIN4 stealing insider info to exploit significant changes in stock prices

Tim Greene | Dec. 2, 2014
Spear phishing and simple macros glean email logins that yield sensitive data about pending deals.

For more than a year attackers dubbed FIN4 have been stealing insider information that could affect stock prices by hacking email accounts of key corporate executives and others privy to sensitive deals, according to a report by security vendor FireEye.

FIN4 has been in operation since mid-2013, targeting mainly healthcare and pharmaceutical companies and their advisers, such as law firms, investor-relations consultancies and investment banks, the report says.

The group steals user names and passwords of email accounts then reads individual messages to cull information to help make stock buys that are likely to reap short-term profits. The attack uses well written phishing emails that demonstrate knowledge about investment firms and corporate procedures in order to trick victims into opening malware-laden attachments that carry out the credential thefts, according to the report.

The malware is often in the form of macros written in Visual Basic for Applications (VBA) inserted in genuine corporate documents that have been previously stolen from compromised email accounts.

Alternatively, the attackers use links to phony Outlook Web Access login pages that capture users' logins. Often the dialog boxes include the company logo of the targeted company. Once FIN4 finds promising email threads it uses genuine content from them to craft emails armed with malware or malicious links, the report says.

Compromised email logins are sent to command and control servers to be exploited later. Communications with victims' accounts relies heavily on The Onion Router (Tor) network to anonymize the source and destination of FIN4 traffic.

"On multiple occasions, FIN4 has targeted several parties involved in a single business deal, to include law firms, consultants and the public companies involved in negotiations," FireEye says.

Of more than 100 firms victimized all but three are listed on the New York Stock Exchange or the National Association of Securities Dealers Automated Quotations System (NASDAQ). More than two thirds of them are pharmaceutical or healthcare companies, with the rest made up of advisers and some firms in other fields, according to the report.

FIN4 organizes stolen credentials according to categories of users from which they were stolen. For instance some of these categories FireEye calls them campaign codes are CEO_CFO_CORPDEV, SCIENTISTS_AND_RESEARCH, <PHARMACEUTICAL COMPANY NAME>, and ADVISORY FIRM NAME.

In one case FIN4 tapped into relevant emails about an acquisition deal from five firms involved in the negotiations months before details went public, FireEye says.

Apparently to avoid detection, FIN4 has created Microsoft Outlook rules to delete emails containing words like hack, phish and malware. The thinking is that these words are likely to be used in replies from recipients of attack emails who try to warn senders that their accounts might be compromised, the report says.


1  2  Next Page 

Sign up for CIO Asia eNewsletters.