Phishing
Phishing
I. Overview
• The health crisis: Fertile ground for disinformation
• Phishing as a primary delivery method for the ransomware. By including
the ransomware as part of an attachment or directing victims to malicious
websites that exploit their browsers or browser plug-ins (such as Adobe
Flash), these ransomware groups were able to quickly spread their
malware. The lures used in these phishing emails are still commonly used
today.
• During the COVID-19 crisis the industry and in particular educational
institutions have become targets of numerous cyber-attacks. Phishing
attempts exploiting user’s curiosity for up-to-date and new information
have been on the rise.
• Ransomware is a type of malicious software (malware) designed to extort
money from victims by restricting access to a computer, mobile device, or
digital files. There has been a circulation of malicious websites pretending
to be credible sources for more information on the Coronavirus-19. Threat
actors are using COVID-19-themed phishing emails to serve malware and
phish landing pages.
• The Covid crisis has provided the perfect cover for malicious actors to
continue with their nefarious activities. Phishing attempts have become
more sophisticated today as threat actors have started employing more
complicated and advanced methods to target victims. The advancements
include Machine Learning techniques to lure victims into disclosing their PII
(Personally Identifiable Information) or crucial financial details.
• Several factors contribute to the popularity of phishing and ransomware
attacks. Many companies use email security systems to mitigate the scale
and potency of phishing by, for example, scanning suspicious links and
removing attachments. But corporate email systems still remain an easy
"attack vector," tech jargon for the means by which a hacker can gain
unauthorized access to a computer network or server to launch a
cyberattack. This year, 36% of successful corporate cyberattacks involved
phishing, an increase of 11% over last year.
• Ransomware, malicious software that threatens to publish private data
unless a bounty is paid, has become increasingly popular among criminals
because it offers a quick way to make a buck. Many ransomware hacking
tools have been commercialized and simplified. And while programming
skills are a bonus, they're no longer required to execute a successful
ransomware attack. As a result, so-called ransomware-as-a-service is on
the rise. Prior to the pandemic, criminals were forced to invest time and
resources into investigating targets. Now cybercriminals can simply hire
ransomware services on the dark web or buy the software to attack using
email.
• Meanwhile, the massive shift to remote employment during the pandemic
has created a fat new target for cyber criminals because many employees
working from home were using insecure personal smartphones and
computers.
• COVID-19, an unknown disease till 2020, has caused an unprecedented
global health crisis. Many questions about this new virus still remain
unanswered by scientists – including the nature of immunity of those who
have been infected, the seasonality of the virus, and its capacity to
mutate. Our lack of knowledge about this disease and its evolution have
fuelled a thirst for information, in Africa and elsewhere. It has also led to
the proliferation of rumours, fake news and disinformation – with social
media networks serving as sounding-boards.
Bogus Refunds
With the travel and tourism industry coming to a halt this year, it is evident that
most people having travel plans must have had to let go of their dreams. It turns
into an even more significant issue when the money spent on bookings and
tickets is lost forever. Threat actors see this as an opportunity to siphon off
information from the victims by offering bogus refunds. They go to the extent of
asking for their credit card or banking details, stating that the refund would be
directly credited to the account. The collected information could be later put up
on the dark web for sale.
III. Policy/Strategy
To fill the void,
COVID-19 undoubtedly has wreaked havoc worldwide. To make the matter worse,
numerous threat actors have emerged with newer and sophisticated methods,
especially phishing emails in various forms, designed specifically to suit the
pandemic times to take advantage of frustrated victims. The easiest and yet the
most effective way to keep these malicious actors at bay is to stay abreast of
their latest modus operandi and remain vigilant with all digital activities.
To combat this infodemic, digital platforms must be made more accountable, fake
news tracked and called out, and media literacy developed.
IV. Impact