Unveiling the First Open-Source Software Supply Chain Attacks on Banking Sector

Unveiling the First Open-Source Software Supply Chain Attacks on Banking Sector

used open-source libraries as a gateway to target banking organizations, leveraging the trust associated with them,” the researchers explained.

The researchers found that the attackers compromised legitimate open-source libraries and added malicious code to them. When these libraries were used by developers in the banking sector, the malicious code would be executed, allowing the attackers to gain unauthorized access to the banking systems.

The open-source software supply chain attacks specifically targeted the banking sector, which made them particularly dangerous. These attacks exploited the trust that developers have in open-source libraries, making it difficult to detect and mitigate the risks associated with them.

Checkmarx, the cybersecurity company that discovered these attacks, warned that organizations need to be proactive in their approach to software supply chain security. This includes conducting regular vulnerability scans and code reviews, implementing strong access controls, and ensuring that all software components are up-to-date and free from any malicious code.

The researchers also emphasized the importance of threat intelligence sharing to enhance the overall security of the banking sector. By sharing information about these attacks and the techniques used, organizations can better prepare and protect themselves against similar attacks in the future.

In summary, cybersecurity researchers have uncovered the first open-source software supply chain attacks targeting the banking sector. These attacks exploited the trust associated with open-source libraries, allowing attackers to gain unauthorized access to banking systems. To mitigate the risks, organizations need to be proactive in their software supply chain security and share threat intelligence to enhance overall sector security. So, developers beware, even open-source libraries can be tricky – keep your code up-to-date and trust no one!Original Article: https://thehackernews.com/2023/07/banking-sector-targeted-in-open-source.html


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