Malware detection: your digital safeguard
?Cleafy

Malware detection: your digital safeguard

In today's interconnected digital landscape, safeguarding your digital assets has never been more critical. Malicious software, or malware, lurks in the depths of the internet and is weaponised by bad actors, posing significant threats to individuals and businesses. As cybersecurity experts at Cleafy, we understand the gravity of these threats and are committed to empowering banks and financial services with the knowledge and tools to detect and combat malware effectively.

The Cleafy Threat Intelligence and Incident Response team at Cleafy Labs is a formidable force in the ongoing battle against cybercrime. With a focus on empowering clients with comprehensive information and proactive measures, they play a pivotal human role in working against fraudsters and their evolving tactics, especially around unknown threats or zero-day malware attacks.

The role of the TIR team at Cleafy

This handpicked group of fraud hunters are dedicated to staying ahead of the curve. Their mission is clear: to track down new malware strains and uncover the latest patterns of attack. Their expertise is to uncover emerging threats through meticulous investigation and analysis.

As soon as a threat is identified, it is swiftly classified within Cleafy’s engine, ensuring that clients are immediately alerted. This real-time monitoring and classification process empowers clients to make good decisions with up-to-date insights into the evolving fraud landscape.

Furthermore, the team goes beyond mere identification by providing clients with detailed reports and white papers on each threat found. These reports offer comprehensive insights into the threat's behaviour and its evolution over time. To sign up for the latest reports directly to your email inbox, please click here.?

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Whether providing additional support or actively engaging in response efforts, they are committed to helping clients navigate even the most challenging situations. This hands-on approach underscores their dedication to ensuring the security and resilience of client systems.

Real-time detection to prevent online banking fraud

The Cleafy Threat Intelligence and Incident Response Team enhances Cleafy’s detection capabilities through continuous updates and enhancements. By leveraging application integrity and honeypot-based mechanisms, they proactively identify threats before they impact client systems. This proactive approach helps prevent attacks and minimises the potential impact on client services, users, and endpoints.

Overall, the team at Cleafy Labs is an invaluable asset in the fight against cybercrime. Their unwavering dedication, expertise, and proactive approach to threat detection and response empower clients to stay one step ahead of fraudsters. With their support, clients can automate optimal responses, improve their security posture, and safeguard their systems against even the most advanced threats.?

New malware classification: how it works

Let’s take some time to see how the classification of a new malware works and the strict processes behind this.

Detecting malware requires a multi-faceted approach, blending cutting-edge technology with human expertise. At Cleafy, we employ a rigorous process to identify and analyse malware variants, ensuring comprehensive protection for our clients. This is broken down into 5 key areas.?

Report and Telemetry Collection: It all starts with the vigilance of our customers and the robustness of our automated models. Reports of suspicious activities or anomalies are invaluable in our fight against malware. Through telemetry collection, we gather crucial data that serves as the foundation of our detection efforts.

Triage and Identification: Our team initiates a meticulous triage process upon receiving reports. We scrutinise applications, looking for telltale signs of malicious intent. From suspicious behaviour to unauthorised access attempts, every clue is meticulously analysed to identify potential threats.

Classification of Malware Variants: Our experience has shown that malware comes in various forms, each with its own modus operandi. From ransomware to trojans, the threat landscape is diverse and ever-evolving. Some notorious malware variants we have detected using this methodology include:

  • SharkBot: This insidious malware leverages accessibility services on mobile devices to orchestrate overlay attacks and capture keystrokes. Its utilisation of banking Automatic Transfer Service (ATS) fraud techniques poses a significant risk to banks, financial institutions and their customers.
  • Revive: Operating under the guise of accessibility services, Revive perpetrates overlay attacks and intercepts SMS messages. Its covert nature makes it particularly challenging to detect, highlighting the importance of robust cybersecurity measures.
  • TeaBot: Employing similar tactics, TeaBot exploits accessibility services to execute overlay attacks, record keystrokes, and capture screenshots. By circumventing multi-factor authentication mechanisms, TeaBot poses a grave threat to user security.

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Analysis and Verification: In cases where malware variants defy classification, our Threat Intelligence team begins their investigation. Through reverse engineering and exhaustive analysis, they endeavour to unravel the intricacies of unknown threats. Cleafy’s stringent protocols ensure that every finding is meticulously documented, verified, and disseminated.

5. Reporting and Communication: Armed with actionable insights, the Threat Intelligence team compiles their findings into comprehensive reports and white papers. These resources inform the public about emerging threats and testify Cleafy’s commitment to transparency and accountability. Furthermore, they leverage their expertise to offer professional services, equipping clients with the tools and knowledge to fortify their defences against malware.

Detecting malware is a multifaceted endeavour that demands a blend of technological innovation and human expertise. Through vigilant reporting, rigorous analysis, and transparent communication, Cleafy can effectively combat the scourge of malware, ensuring a safer and more secure digital future for all.

Our mission at Cleafy

At Cleafy, our mission extends beyond mere detection; we strive to empower individuals and organisations to navigate the digital landscape with confidence and resilience. By fostering a culture of vigilance and collaboration, we can turn the tide against cyber threats, safeguarding our digital world for generations to come.

Join us in the fight against cyber threats. Together, we can make a difference.



Written by Matthew Hedges

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