The National Credit Union Administration is warning all Credit Unions about malicious hackers and a low tech attack by mailing branches CDs with malware on them.

Using a somewhat dated but still effective Social Engineering attack, a package designed to look as though it was mailed by the NCUA is sent to the branch. The package contains CDs with the attacker’s malware on it, and an accompanying letter (PDF) which informs the branches, ironically, about phishing scams. The letter directs the personnel to review the “training material” on the enclosed CD. Once branch employees proceed as directed, the malware is executed and gives the attackers access to the branch computer systems. Credit Unions seem to be targeted because they tend to be smaller local associations rather then larger banks with higher budgets for computer security.

When people think computer security, they usually envision high tech systems comprising of long passwords, expensive hardware, and updating software with the latest security patches. However, as famed social engineer and hacker Kevin Mitnick once said, “There is no patch for stupidity”.

[via threat post]