Ukraine readies itself for yet another cyber attack on August 28

Ukraine’s central bank has issued a warning against a probable cyber attack on August 28. The new malware spreads from Microsoft Word documents from e-mail attachments.

On Friday, Ukrainian central bank has issued a warning to state-owned and private lenders on the appearance of new imminent threat from a malware similar to those that knocked out global systems in June.

The June 27 cyber attack, dubbed NotPetya, had taken down quite a few Ukrainian government agencies and businesses, before spreading its tentacles in corporate networks of MNCs and suppliers in eastern Europe.

Since then Kiev’s central bank has been working with the Computer Emergency Response Team (CERT) and law enforcement agencies to boost the country’s cyber defenses, especially its financial sector.

“Therefore on Aug. 11…, the central bank promptly informed banks about the appearance of new malicious code, its features, compromise indicators and the need to implement precautionary measures to prevent infection,” said Ukrain’s central bank.

As per its letters to financial institutions in Ukraine, the newly detected malware spreads through word documents in email attachments.

“The nature of this malicious code, its mass distribution, and the fact that at the time of its distribution it was not detected by any anti-virus software, suggest that this attack is preparation for a mass cyber-attack on the corporate networks of Ukrainian businesses,” reads letter.

Security analysts believe Ukraine to be the Kremlin’s guinea pig for hacks. The country is fighting an uphill battle in turning pockets of security into a national strategy to keep state institutions and systemic companies safe.

According to Ukraine’s Security and Defence Council, the attacks are likely to start on August 24 with a NotPetya-style attack aimed at destabilizing the country as it celebrates its 1991 independence from the Soviet Union.

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