Allot Protects Subscribers From the Flubot Banking Trojan by Blocking Connection to Cybercriminals’ Servers
29 Giugno 2021 - 10:05AM
Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT), a leading global provider
of innovative network intelligence and security-as-a-service
(SECaaS) solutions for communication service providers (CSPs) and
enterprises, today announced that their NetworkSecure cybersecurity
solution has successfully blocked more than 140 million attempts to
connect with the command and control servers used by the Flubot
banking Trojan in Europe in the three month period of March
to May.
Flubot is a banking Trojan that has been spreading quickly
through Europe and may continue to spread to additional countries
soon. The attack is localized for each country, mimicking local
delivery apps that look and feel exactly like the real apps. Once a
phone is infected, the Trojan gathers information about which
banking and payment apps the owner uses, and then sends this data
to a command and control (C&C) server operated by
cybercriminals. The next time the user tries to use one of those
apps the C&C server sends an overlay that exactly mimics the
real app’s login page. It intercepts the user’s credentials and
sends them to the cybercriminals.
The Allot NetworkSecure solution, deployed in the mobile
operator’s network, successfully mitigates the damage caused by
Flubot and other malware by blocking attempts to connect to the
C&C server, thereby keeping subscribers’ devices and bank
accounts safe, with no need for subscribers to download or update
any security software.
NetworkSecure is a network-based cybersecurity service platform,
offering zero-touch, clientless operation, requiring no application
installation by the end customer. With NetworkSecure, the service
provider can offer its customers protection from cybersecurity
threats, including malware, viruses, phishing and ransomware. An
easy-to-use interface provides branded alerts and reporting that
help strengthen brand loyalty. NetworkSecure is the market leader
in the growing network-based, mass-market cybersecurity category,
protecting more than 20 million mobile users globally. Allot
reports that some service providers have achieved up to 50%
adoption rates with subscriber services based on NetworkSecure.
“To combat Flubot, some service providers are simply warning
customers not to click on suspicious links. But for CSPs who have
deployed NetworkSecure, they can tell subscribers that they were
not at risk in the first place. That’s the peace of mind their
customers appreciate,” said Dr. Yael Villa, SVP Cyber Security for
Allot. “As CSP networks start the transition to 5G, we anticipate
cyberthreats with greater frequency and complexity to emerge. Allot
cybersecurity solutions are prepared for today’s challenges and the
threats that 5G will attract.”
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Additional Resources:
Allot Blog: https://www.allot.com/blog
Allot On-air Podcast:
https://www.allot.com/resources/podcasts
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About Allot
Allot Ltd. (NASDAQ: ALLT, TASE: ALLT) is a provider of leading
innovative network intelligence and security solutions for service
providers and enterprises worldwide, enhancing value to their
customers. Our solutions are deployed globally for network and
application analytics, traffic control and shaping, network-based
security services, and more. Allot’s multi-service platforms are
deployed by over 500 mobile, fixed and cloud service providers and
over 1000 enterprises. Our industry-leading network-based security
as a service solution has achieved over 50% penetration with some
service providers and is already used by over 20 million
subscribers globally.
Allot. See. Control. Secure.
Forward-Looking Statement
This release contains forward-looking statements, which express
the current beliefs and expectations of company management. Such
statements involve a number of known and unknown risks and
uncertainties that could cause our future results, performance or
achievements to differ significantly from the results, performance
or achievements expressed or implied by such forward-looking
statements. Important factors that could cause or contribute to
such differences include risks relating to: acceptance of our
products by our reseller and customer in EMEA, our ability to
compete successfully with other companies offering competing
technologies; the loss of one or more significant customers;
consolidation of, and strategic alliances by, our competitors,
government regulation; lower demand for key value-added services;
our ability to keep pace with advances in technology and to add new
features and value-added services; managing lengthy sales cycles;
operational risks associated with large projects; our dependence on
third-party channel partners for a material portion of our
revenues; and other factors discussed under the heading "Risk
Factors" in the Company's annual report on Form 20-F filed with the
Securities and Exchange Commission. Forward-looking statements in
this release are made pursuant to the safe harbor provisions
contained in the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are made only as of the date
hereof, and the Company undertakes no obligation to update or
revise the forward-looking statements, whether as a result of new
information, future events or otherwise.
Seth Greenberg
Allot
0549222294
sgreenberg@allot.com
Kimberly Velasco
Fusion PR for Allot
kimberly.velasco@fusionpr.com
Ehud Helft / Kenny Green
Allot Investor Relations
+1-646-688-3559
Allot@gkir.com
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