Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Tokyo  >  NTT Data Corp    9613   JP3165700000

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

NTT Data : Organisations must not ignore threat of cryptocurrency mining malware, warns NTT Security

share with twitter share with LinkedIn share with facebook
share via e-mail
03/08/2018 | 10:50am CET

NTT Security, the specialised security company for NTT Group, has warned that organisations could be targeted by malware designed for mining cryptocurrency.

In a new report out today, researchers at its Global Threat Intelligence Center (GTIC) share their report into a type of malware solely designed to mine Monero (XMR), a form of cryptocurrency affording its users the greatest amount of anonymity.

At the time of analysis, GTIC researchers found around 12,000 Monero mining malware samples, with the earliest dating back to March 2015. They also discovered that 66 per cent of the samples were submitted from November to December 2017, indicating a dramatic increase in the use of coin mining malware.

Terrance DeJesus, Threat Research Analyst at NTT Security, said: "The acceptance and adoption of digital currencies mean that investing in cryptocurrency has become a new way to make money. However, generating a profit from mining the currency has become more time consuming and costly. Cyber criminals have therefore taken to developing malware in an attempt to overcome the barriers to entry and generate profits for themselves.

"Monero mining malware is installed on the victim's computer or smartphone without their knowledge and, once installed, it uses the victim's computing resources and electricity supply to mine cryptocurrencies. The rewards go directly to the hacker, not the owner of the computer. Device owners might not suspect a thing."

Based on its visibility into 40 per cent of global internet traffic and data from a wide range of threat intelligence sources, NTT Security has revealed that cyber criminals are using phishing emails as the primary tactics to gain a foothold on a targeted system, which attackers can then leverage to mine XMR with the victim's resources.

While phishing is the most prominent, the discovery of coin miners in a network environment suggests that more malicious activity could exist in that environment, such as backdoors and unpatched vulnerabilities. The company also found that legitimate coin mining services, such as Coinhive could be abused and injected into mobile games and websites.

Investing in cryptocurrency is not a new phenomenon - late 2017 and early 2018 saw a significant spike in the numbers of cryptocurrency investments across the globe. Unsurprisingly, threat actors are using their skills to cash in on the cryptocurrency mining craze and, while crytocurrency values have fluctuated wildly in value since the completion of the report, threat actors continue developing cryptocurrency mining malware to generate revenues to fund their operations.

Terrance added: "Organisations mustn't ignore the threat of mining malware. The impact of an attack can go well beyond performance issues. Mining costs organisations money, impacts the environment and causes reputational damage. It could also be indicative of more problems in the network.

"The use of coin miners will, without a doubt, grow and become more advanced in time, possibly being built into other malware types such as banking Trojans, as well as ransomware. There are serious business implications to ignoring this current threat. We are encouraging all companies to be more vigilant of cybersecurity threats to their business. There are often simple and effective ways to mitigate risks, but too often the most obvious things are overlooked."

NTT Security has advised that organisations take the following steps to mitigate the risk of cryptocurrency mining malware penetrating their environment:

1. Conduct regular risk assessments to identify vulnerabilities in the organisation.

2. Adopt a defence-in-depth approach to cybersecurity - i.e. have multiple layers of security in place to reduce exposure to threats.

3. Regularly update systems and devices with the latest patches, and deploy intrusion, detection and prevention systems to stop attacks.

4. Educate employees on how to handle phishing attacks, suspicious email links, and unsolicited emails and file attachments.

5. Proactively monitor network traffic to identify malware infection, and pay close attention to the security of mobile devices.

For more information and recommendations, download NTT Security's advisory paper: https://www.nttsecurity.com/gtic-monero-mining-malware.

About NTT Security

NTT Security is the specialized security company and the center of excellence in security for NTT Group. With embedded security we enable NTT Group companies (Dimension Data, NTT Communications and NTT DATA) to deliver resilient business solutions for clients' digital transformation needs. NTT Security has multiple SOCs, seven R&D centers, over 1,500 security experts and handles hundreds of thousands of security incidents annually across six continents.

NTT Security ensures that resources are used effectively by delivering the right mix of Managed Security Services, Security Consulting Services and Security Technology for NTT Group companies - making best use of local resources and leveraging our global capabilities. NTT Security is part of the NTT Group (Nippon Telegraph and Telephone Corporation), one of the largest ICT companies in the world. Visit nttsecurity.com to learn more about NTT Security or visit www.ntt.co.jp/index_e.html to learn more about NTT Group.

Media contact:

For more information, a copy of the report or access to NTT Security researchers, contact:

Amanda Hassall, Consultant

[email protected]

T: 01628 822741

M: 07855 359889



(C) 2018 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
NIPPON TELEGRAPH AND TELEPHONE CORP -0.71% 5007 End-of-day quote.-7.14%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on NTT DATA CORP
03/21NTT Communications Corporation/RagingWire Data Centers
03/20NEW RESEARCH REPORT ON WORKPLACE SER : Global Workplace Services Market to grow ..
03/16NTT DATA : Recognized as a Leader in 2018 Overall End User Computing Services by..
03/08NTT DATA : Organisations must not ignore threat of cryptocurrency mining malware..
03/05NTT DATA : Study Finds Nearly Two-Thirds of Consumers Expect Their Healthcare Di..
03/02GLOBAL BPO BUSINESS ANALYTICS MARKET : 99strategy added a depth and professional..
03/02NTT DATA : Recognized as a Top 15 Sourcing Service Provider by ISG
02/28NTT DATA : Study Finds Two of Three Financial Firms Say Data is the Most Critica..
02/24NTT DATA : ASEAN Launches Cultural Heritage Digital Archiving Project
02/23NTT DATA : Named to the IAOP Global Outsourcing 100 List
More news
News from SeekingAlpha
02/06Ntt Data Corp., Ltd. ADR 2018 Q3 - Results - Earnings Call Slides 
2017Ntt Data Corp., Ltd. ADR 2018 Q2 - Results - Earnings Call Slides 
2017DigitalGlobe, NTT DATA expand partnership 
2017Xperi Named Top Technology 'Safer' Dividend Net Gainer To July 2018 
2017Tech Dogs Nam Tai, TiVo & Daktronics Tagged For Big July Gains By Broker Targ.. 
Financials ( JPY)
Sales 2018 2 102 B
EBIT 2018 -
Net income 2018 62 716 M
Debt 2018 478 B
Yield 2018 1,36%
P/E ratio 2018 25,02
P/E ratio 2019 20,21
EV / Sales 2018 0,97x
EV / Sales 2019 0,93x
Capitalization 1 557 B
Duration : Period :
NTT Data Corp Technical Analysis Chart | 9613 | JP3165700000 | 4-Traders
Technical analysis trends NTT DATA CORP
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 13
Average target price 1 365  JPY
Spread / Average Target 23%
EPS Revisions
Toshio Iwamoto President & Representative Director
Keisuke Kusakabe Manager-Investor Relations & Finance
Tsuyoshi Kitani Director & General Manager-Systems Technology
Kazuhiro Nishihata Representative Director & Executive Vice President
Yo Honma Representative Director & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
NTT DATA CORP-17.83%14 702
ACCENTURE5.84%104 605
VMWARE, INC.-0.77%50 860