Trend Micro join hands with Tokyo Police over online Banking Fraud

Trend Micro Incorporated has joined hands with Tokyo Metropolitan Police Department in the fight against cybercrimes. Using information provided by Trend Micro’s Forward-Looking Threat Research Team, the Tokyo Metropolitan Police Department successfully cracked down on online financial theft cases that were plaguing the country.

Trend Micro’s Forward-Looking Threat Research Team enabled the police force to track down and identify cybercriminals behind said financial crimes by analyzing command-and-control servers, stolen information and malware. To commend the company for its expert guidance and thought-leadership, a certificate of appreciation was awarded to Trend Micro by the Tokyo Metropolitan Police Department.

“The promise of easy money remains the biggest driver for cybercriminals, motivating them to steal personal information that would lead them to the money. Online banking information when stolen enables cybercriminals to transfer funds illegally out of victims’ accounts. Based on Trend Micro’s recent security roundup report for the first quarter of 2014, Japan and India are the most affected countries by online banking malware in the region, 15% and 37% growth comparing January to March case volumes respectively for both countries,” commented Dhanya Thakkar, Managing Director, India & SEA, Trend Micro

According to Trend Micro’s threat experts, there are a number of ways to combat financial thefts such as taking down the server in question or through server monitoring. Through server monitoring, the authority can prevent new attacks by simply waiting for cybercriminals to log into the server to obtain stolen information.

Trend Micro established the Trend Micro Security Incident Response Team which serves as a contact point of cooperation for security-raising activities in Japan. In addition, the company’s internal research groups such as the Forward-Looking Threat Research Team provides concerned organizations with important information that can help bust cybercrimes.