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Writer's pictureJohn Jordan

New Grandoreiro Banking Malware Variants Emerge with Advanced Tactics to Evade Detection

New variants of the Grandoreiro banking malware have surfaced, showcasing advanced tactics designed to bypass anti-fraud measures. Despite law enforcement efforts, the malware continues to evolve, posing a significant threat to users globally.

Grandoreiro | BetterWorld Technology

Key Takeaways

  • New Grandoreiro variants utilize advanced evasion techniques.

  • The malware is capable of targeting 1,700 financial institutions across 45 countries.

  • Recent arrests have led to a fragmentation of the malware's codebase.

Overview of Grandoreiro Malware

Active since 2016, Grandoreiro has consistently adapted to stay undetected while expanding its reach into Latin America and Europe. The malware operates under a malware-as-a-service (MaaS) model, primarily distributed through phishing emails and malicious ads.

New Tactics and Features

Recent analysis reveals that the latest Grandoreiro variants incorporate several sophisticated tactics:

  • Domain Generation Algorithm (DGA): Used for command-and-control communications.

  • Ciphertext Stealing (CTS) Encryption: Enhances data theft capabilities.

  • Mouse Tracking: Mimics user behavior to evade detection.

Additionally, the malware has been observed using large portable executables, masquerading as legitimate software to bypass security measures.

Fragmentation of Codebase

The arrests of some Grandoreiro operators have led to a fragmentation of its Delphi codebase. This has resulted in:

  1. Newer Samples: Featuring updated code and targeting a broader range of victims.

  2. Older Samples: Relying on legacy code, specifically targeting users in Mexico.

Evasion Techniques

Grandoreiro employs various strategies to evade detection:

  • Self-Update Capability: Ensures the malware remains up-to-date.

  • Keystroke Logging: Captures sensitive information from users.

  • CAPTCHA Barriers: Implemented before executing the main payload to avoid automatic analysis.

Targeting and Financial Operations

Once credentials are obtained, the malware operators cash out funds through various means:

  • Transfer Apps: Quick transfers to local money mules.

  • Cryptocurrency: Utilizing digital currencies for anonymity.

  • Gift Cards: Converting stolen funds into easily accessible assets.

Mules are often recruited via Telegram channels, with payments ranging from $200 to $500 per day.

The emergence of new Grandoreiro variants highlights the ongoing evolution of banking malware. As attackers refine their tactics to counter modern security solutions, the threat posed by such malware continues to grow, particularly in the context of international cybercrime. Law enforcement and cybersecurity experts must remain vigilant to combat this persistent threat effectively.

As cyber threats like the Grandoreiro trojan continue to evolve, it's more critical than ever for businesses and individuals to stay informed and proactive. At BetterWorld Technology, we’re committed to helping organizations strengthen their defenses through tailored cybersecurity solutions. From robust antivirus systems to employee awareness training, securing your digital assets should be a top priority in today’s landscape. Don’t wait for a breach to occur—reach out to our team today to learn how we can safeguard your business from the latest threats.

Sources

  • New Grandoreiro Banking Malware Variants Emerge with Advanced Tactics to Evade Detection, The Hacker News.

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