Welcome!

News Feed Item

Light Cyber First to Detect, Protect Customers from New Bitcoin-Related Malware

Light Cyber's MAGNA detected breaches from new Bitcoin mining malware some four days before the campaign became widely known, proving the system's superiority in detecting and containing breaches from unknown malware early in the attack life cycle

RAMAT GAN, Israel, January 6, 2014 /PRNewswire/ --

Light Cyber (http://www.lightcyber.com), an emerging provider of innovative Predictive Breach Detection solutions, today announced that its customer-installed MAGNA appliances were the first to detect breaches by a previously-unknown and sophisticated Yahoo-ad based malware campaign. Despite the unrecognized nature of the malware, Light Cyber's solution detected the breaches immediately - some four days prior to its widespread reporting - enabling its clients to rapidly neutralize the threat at the earliest stages of the attack.

     (Logo: http://photos.prnewswire.com/prnh/20140106/662813 )

Light Cyber's MAGNA appliances, deployed in multiple customer networks around the world, first detected malicious activity by the unknown malware on Monday, December 30th at 11 AM UTC - well before the attack was reported by a Dutch-based security firm and confirmed by Yahoo on Friday, January 3rd. As a result, Light Cyber customers were able to immediately disconnect affected computers from their networks, containing the attack and mitigating damage.

Furthermore, Light Cyber researchers were the first to discover that among other activities, the malware was attempting to use host computational resources for Bitcoin mining, and were the first to report attack-related files on Tuesday, December 31st.

As later reported, the sophisticated malware campaign used Yahoo's advertising server to distribute malicious advertisements that included exploitations of Java vulnerabilities which installed the malware on client computers visiting ads.yahoo.com. It is estimated that tens of thousands of computers in countries around the world have been infected by the campaign in recent days.

"We are pleased to have again provided early warning to our customers regarding an advanced malware attack," said Gonen Fink, CEO at Light Cyber. "New attacks are launched on a daily basis, yet traditional perimeter and endpoint security products are not effective in detecting unknown threats. Even new technologies like sandboxing and threat emulation can capture only a small part of these advanced threats. Our MAGNA system closes the gap between the time a computer is breached and the time the breach is detected, allowing users to remediate before the damage is done," he continued.

About Light Cyber Ltd.

Light Cyber is a fast-growing provider of Predictive Breach Detection solutions that protect organizations from targeted threats and cyber-attacks inside their networks. Light Cyber's MAGNA™ appliance combines deep packet inspection with endpoint information and threat intelligence to analyze the behavior of users, devices and applications, detecting and alerting about malicious activity early on in the attack lifecycle, before damage is done. Founded in 2011 and led by world-class cyber security experts and a seasoned management team, the company's products have been successfully deployed and sold to top tier customers in the financial, telecom, government, media and technology sectors. For more information, please visit http://www.lightcyber.com, or contact Light Cyber at [email protected] or +972-73-2641876.

SOURCE Light Cyber Ltd.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Cloud-based NCLC (No-code/low code) application builder platforms empower everyone in the organization to quickly build applications and executable processes that broaden access, deepen collaboration, and enhance transparency for all team members. Line of business owners (LOBO) and operations managers know best their part of the business and their processes. IT departments are beginning to leverage NCLC platforms to empower and enable LOBOs to lead the innovation, transform the organization, an...
As enterprises around the world struggle with their digital transformation efforts, many are finding that innovative digital teams are moving much faster than their hidebound IT organizations. Rather than struggling to convince traditional IT to get with the digital program, executives are taking advice from IT research firm Gartner, and encouraging existing IT to continue in their desultory ways. However, many CIOs are realizing the dangers of following Gartner’s advice. The central challenge ...
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...
Cloud Object Storage is effectively infinitely scalable and boasts the lowest total costs. But cloud SLAs and T&Cs are traditionally optimized for huge customers like Netflix, so applications demanding better confidentiality or higher availability typically can’t reap the benefits of public cloud storage. In his session at 18th Cloud Expo, Don Martin, CTO of Security First Corp, will provide an overview of innovative technologies available today – secret sharing and information dispersal algori...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vice president of product management, IoT solutions at GlobalSign, will teach IoT developers how t...
The pace of innovation, vendor lock-in, production sustainability, cost-effectiveness, and managing risk… In his session at 18th Cloud Expo, Dan Choquette, Founder of RackN, will discuss how CIOs are challenged finding the balance of finding the right tools, technology and operational model that serves the business the best. He will discuss how clouds, open source software and infrastructure solutions have benefits but also drawbacks and how workload and operational portability between vendors...
When it comes to IoT in the enterprise, namely the commercial building and hospitality markets, a benefit not getting the attention it deserves is energy efficiency, and IoT's direct impact on a cleaner, greener environment when installed in smart buildings. Until now clean technology was offered piecemeal and led with point solutions that require significant systems integration to orchestrate and deploy. There didn't exist a 'top down' approach that can manage and monitor the way a Smart Buildi...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...