Guard Your Sheep, The Dyre Wolf Is Coming

IBM announced this week that it had uncovered a highly-sophisticated scheme to steal funds from medium to large U.S.-based companies. The scheme dubbed "The Dyre Wolf" only targets companies, unlike past schemes which also targeted individuals. Each attack has resulted in corporate theft of $500,000 to $1.5 million, none of which has been recovered. If this amount does not cause corporate executives to stand and take notice, the level of sophisticated tactics used in the scheme should.

While Dyre banking malware has been around since 2014, The Dyre Wolf is unique as it uses an unparalleled set of social engineering techniques to carry out the attack. According to John Kuhn, Senior Threat Researcher at IBM Managed Security Service, it also specifically targets "organizations that frequently conduct wire transfers of large sums of money." The Dyre Wolf starts its attack with a traditional phishing email that contains an unsafe link or attachment. Once the email is