Corporate Cyber Attacks It Is Easier Than You Think

EXECUTIVE SUMMARY

A global money transfer organization was experiencing a massive amount of malware-based cyberattacks that involved over 15 different perpetratorsA global money transfer organization was experiencing a massive amount of malware-based cyberattacks that involved over 15 different perpetrators. The malware quickly spread through their global network, resulting in annual losses in the millions. LIFARS was able to identify that the attacks were a part of a highly effective “ available on the Deep Web marketplace at a low cost. Then, our elite forensics team successfully removed the infection and ultimately stopped the “cyber-bleeding”, establishing an effective defense system in the process.

With over $5 million in annual losses, the client was desperately seeking a way to eliminate the attackers from within their networks. This was a seemingly impossible task, given that there were no Incident Response solutions in place and the internal IT organization had inadequate resources.

In addition to being heavily understaffed without a dedicated security specialist, the internal IT team was simply not trained to respond to situations like this.

Each of the attackers involved was ex-filtrating anywhere from $15K to $150K a month. The client needed a solution quickly…

Following the LIFARS resolution, the client was able to completely eliminate all losses related to this type of attack. This translates into approximately $5M in annual savings or $420,000 per month. Through advanced malware detection and automated security systems provided by LIFARS, future threats have been detected and remediated at a much faster rate, ensuring no further significant losses due to cybersecurity intrusions.