No organization is safe from the ever-growing Zero-day malware and phishing

VARINDIA
প্রকাশিত: Jun 28, 2023
99 দর্শনসমূহ

No organization is safe from the ever-growing Zero-day malware and phishing

No organization is safe from the ever-growing Zero-day malware and phishing

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    We live in a world that’s becoming more digitally dependent. Right from our social interactions to professional interchanges and financial transactions, most take place digitally. Smishing and vishing are two types of fraud that use SMS (smishing) and voice (vishing) to trick people into giving up money or personal information. They’re “social engineering attacks,” meaning that in a smishing or vishing attack, the attacker uses impersonation to exploit the target’s trust. Because 96% of phishing attacks arrive via email, the term “phishing” is sometimes used to refer exclusively to email-based attacks. A recent survey revealed some alarming numbers about Indian companies managing personal identifiable data and electronic health records. While digital resources are enabling, they also leave us vulnerable to cyber criminals as a lot of information regarding our personal and professional lives rests in the digital domain. Cyber insurance or cyber security insurance provides coverage from activities such as identity theft, unauthorized transactions, and more. Buying a cyber insurance policy can safeguard against online frauds. The policy can be bought by anyone who is 18 years and above and can be bought for family members. Nearly 58% of Indian companies have not opted for cyber insurance yet, indicating lack of awareness about cyber-attacks and cyber risk management strategies. The survey by RIMS and JB Boda Group says, as more attacks on utilities and industrial systems emerge, with Ransomware involved, it no longer is an IT related issue, but of the CFO and board.

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    Cybercrooks are using phishing while it is still a major tactic used by attackers. It’s so easy to get started thanks to phishing-as-a-service (PhaaS) offerings by cybercrooks. Microsoft has released a report on one of them, called BulletProofLink, which sells phishing kits, email templates, hosting, and automated services at a relatively low cost. Phishing kits are nothing new, but this phishing-as-a-service caught the attention of Microsoft's security teams because it lowers the bar to quality phishing even more. With over 100 available phishing templates that mimic known brands and services, the BulletProofLink operation is responsible for many of the phishing campaigns that impact enterprises today, the report says. With this the cyber insurance industry is likely to go mainstream and is a simple cost of doing business.



    The report further states, if the ransomware buyer is lucky, the credentials can include passwords for high-value admin accounts, allowing for greater movement within a compromised network. These phishing service providers host the links and pages and attackers who pay for these services simply receive the stolen credentials later on. Unlike in certain ransomware operations, attackers do not gain access to devices directly and instead simply receive untested stolen credentials, the Microsoft 365 Defender Threat Intelligence Team notes in a blogpost. Microsoft has published its research on this operation to help customers refine email-filtering rules and adopt security technologies it offers. While phishing kits are sold once in a ZIP file with phishing templates to set up a bogus login page or emails, phishing-as-a-service includes the whole package. Ransomware service provider models are also influencing how phishing businesses operate. One notable ransomware technique is to steal data before encrypting it and then either

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