The FBI expects a surge of mobile banking threats
The increased use of mobile banking apps due to the COVID-19 pandemic is sure to be followed by an increased prevalence of mobile banking threats: fake banking apps and banking Trojans disguised as those apps, the FBI has warned. The problem The pandemic and the resulting social distancing brought about many changes. Among them is…
How to protect your business from COVID-19-themed vishing attacks
Cybercriminals have been using the COVID-19 pandemic as a central theme in all kinds of crisis-related email phishing campaigns. But because of the dramatic rise of the number of at-home workers, one method that has become increasingly common over the past few months are vishing attacks, i.e., phishing campaigns executed via phone calls. Rising success…
The dark web is flooded with offers to purchase corporate network access
There is a flood of interest in accessing corporate networks on the dark web, according to Positive Technologies. In Q1 2020, the number of postings advertising access to these networks increased by 69 percent compared to the previous quarter. This may pose a significant risk to corporate infrastructure, especially now that many employees are working…
COVID-19 online fraud trends: Industries, schemes and targets
The telecommunications, retail and financial services industries have been increasingly impacted by COVID-19 online fraud, according to TransUnion. From a consumer perspective, Millennials have been most targeted by fraudsters using COVID-19 scams. Overall, the percent of suspected fraudulent digital transactions rose 5% from March 11 to April 28 when compared to Jan. 1 to March…
New software enables existing sensors to detect ransomware
Engineers from SMU’s Darwin Deason Institute for Cybersecurity have developed software to detect ransomware attacks before attackers can inflict catastrophic damage. Ransomware is crippling cities and businesses all over the world, and the number of ransomware attacks have increased since the start of the coronavirus pandemic. Attackers are also threatening to publicly release sensitive data…
The battle against ransomware: Lessons from the front lines
Ransomware is arguably the most significant cybercrime innovation in recent history. The ransomware business model is so effective that it is now the most common and devastating threat to organizations of all sizes. As a provider of cyber insurance, we have the misfortune of responding to ransomware attacks across tens of thousands of organizations, and…
Beware of fake COVID-19-themed emails from President Trump
As US citizens wait for President Trump’s final decision about whether quarantine will be over by Easter, malware peddlers have already “decided”: quarantine will be prolonged until August 2020. Phishing emails point to malware Researchers with anti-phishing startup Inky have spotted two phishing emails purportedly coming from the White House, “signed” by President Trump. Both…
Know thy enemy: The evolving behaviors of today’s cybercriminals
Organizations in the energy/utilities, government, manufacturing, and healthcare sectors have witnessed an increase in cyberattacks over the past year. In fact, recent research found that nearly 1,000 government agencies and healthcare institutions experienced attacks in 2019. As these industries evolve and become more digitized, attackers have the opportunity to access more data than ever before….
European Electrical Energy Organization Discloses Breach
ENTSO-E represents 42 electricity transmission system operators (TSOs) from 35 countries in Europe. TSOs are responsible for the transmission of electric power across the main high-voltage networks, and ENTSO-E works with them on the implementation of energy policies and achieving Europe’s energy and climate policy objectives. “A risk assessment has been performed and contingency plans…
Increased monetization means more ransomware attacks
Organizations are detecting and containing attacks faster as the global median dwell time, defined as the duration between the start of a cyber intrusion and it being identified, was 56 days. This is 28% lower than the 78-day median observed in the previous year, according to FireEye. Consultants attribute this trend to organizations improving their…