ZeroFox warns that phishing-as-a-service (PhaaS) offerings are increasingly including features to bypass multi-factor authentication. “In 2023, ‘in-the-middle’ techniques are some of the most frequently-observed methods used to gain access to MFA-secured networks,” the researchers write. “They enable threat actors to intercept or bypass MFA protocols by stealing communications without the victim’s knowledge.
A new report uncovers the scope and sophistication found in just one cybercrime vendor’s business that has aided credential harvesting and impersonation attacks for the last 6 years. Normally when we talk about a Cybercrime-as-a-Service malware, toolset, or platform being behind a string of attacks, we rarely know anything more than the malicious tools that were used.
Security researchers at Check Point have discovered yet another attack that leverages legitimate web applications to host attacks in order to bypass security scanners. One of the easiest ways for a security solution to spot a phishing attack is to evaluate the webpage a malicious link takes the recipient to.
Researchers at Barracuda describe how attackers use legitimate email inbox rules to control compromised accounts and evade detection. “In order to create malicious email rules, the attackers need to have compromised a target account, for example, through a successful phishing email or by using stolen credentials seized in an earlier breach,” the researchers write.
Jeremy King is a partner at Olshan Frome Wolosky. He wrote an article for Bloomberg where he analyzed cyber risk management issues that companies should prioritize in response to new SEC reporting requirements for cybersecurity incidents and threats. Here is a quick summary and I suggest you send the link to your InfoSec budget holder so that they can assess the importance. Ransomware is a big deal these days.
The latest data from IBM shows that the average cost of a data breach has gone up by 2% to a whopping $4.45 million. You would think that in the cybersecurity industry, people would be all about safety and security, right? I mean, it's literally in the name. But here's the kicker: more than half (55%) of cybersecurity professionals have admitted to being risky when it comes to their cybersecurity practices at work.
There’s been a surge of Elon Musk-themed cryptocurrency scams on TikTok, BleepingComputer reports. The scammers inform the victims that they can claim their reward after spending a small amount of bitcoin (about $132) to activate their account. “BleepingComputer tested one of the giveaways to see how it works and found that almost all utilize the same template, which pretends to be a crypto investment platform,” BleepingComputer says.
Now entering its third year in business, the phishing platform, Classicam, represents the highest evolution of an “as a service” cybercrime, aiding more than 1000 attack groups worldwide. What do cybercriminals need for a successful attack? A convincing email, a list of potential target email addresses, and a website to extract payment details, bank login credentials, etc. And it’s the last part that’s usually the barrier to market for those that want to get into cybercrime.
A new SMS-based phishing attack uses a smishing kit-as-a-service to impersonate the U.S. Postal Service. If you’ve received a fake text from the U.S. Postal Service in the last month, you’re not alone. A Cybercrime-as-a-Service (CaaS) group based in China is likely behind the attack, and many others. According to security researchers at cybersecurity vendor Resecurity, the group is behind similar attacks throughout the globe, posing as the U.K.
Scammers are using dating sites to lure victims into phony cryptocurrency investment schemes, according to Sean Gallagher at Sophos. These types of investment scams are known as “pig butchering,” loosely translated from the Chinese phrase “sha zhu pan.” In this case, the scammers convince the victim to participate in a liquidity pool arrangement, a legitimate but risky cryptocurrency investment technique.
