Cybercrime , Fraud Management & Cybercrime

Tracking the Cobalt Cybercriminal Group

Group-IB's Tim Bobak Says the Group Quickly Embraces New Malware and Tools
Tim Bobak, APAC executive director. Group-IB

The Cobalt cybercrime group is targeting as many banks as possible, which poses risks particularly for smaller, less protected institutions, says Tim Bobak of Group-IB.

See Also: 'Deepfake' Technology: Assessing the Emerging Threat

In this video interview at the recent RSA APJ 2018 conference in Singapore, Bobak discusses:

  • Trends around the Cobalt cybercrime group, which has targeted ATMs, interbank payment networks and SWIFT infrastructure;
  • Why Cobalt has had so much success with spear phishing;
  • What efforts banks are making to improve their internal controls in light of attacks against payment transfer systems.

Bobak is APAC executive director for Group-IB, a Moscow-based computer security company. He previously was a senior consultant with IRIS Russia specializing in business intelligence and fraud investigations.

About the Author

Jeremy Kirk

Jeremy Kirk

Managing Editor, Security and Technology, ISMG

Kirk is a veteran journalist who has reported from more than a dozen countries. Based in Sydney, he is Managing Editor for Security and Technology for Information Security Media Group. Prior to ISMG, he worked from London and Sydney covering computer security and privacy for International Data Group. Further back, he covered military affairs from Seoul, South Korea, and general assignment news for his hometown paper in Illinois.

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