Silicon Valley Bank

Impersonation attacks leverage Silicon Valley Bank collapse in new phishing campaign

As news of Silicon Valley Bank’s (SVB) collapse continues to dominate the headlines, cybercriminals are running phishing campaigns impersonating SVB and other financial institutions, including M-F-A and Bloomberg.

Responding quickly to the 24-hour news cycle, cybercriminals aim to leverage their victims’ potential distress over their financial situation to make them more susceptible to this type of attack.

By Jack Chapman -
robot keyboard

Humans write better phishing emails than AI

There's been a fair bit of hype recently surrounding the potential for ChatGPT and similar tools to be used for creating phishing campaigns, eliminating the typos and other errors that are the giveaways of a scam.

However, new research from Hoxhunt suggests that AI might not be quite so good at going phishing after all.

By Ian Barker -
Shrugging businessman

21 percent of government workers don't care if their organization is hacked

With 70 percent of government workers reporting that they work virtually at least some of the time, a new survey shows some worrying trends.

The report from Ivanti finds five percent of government workers have fallen victim to a phishing attempt. However, 34 percent don't believe their actions impact their organization's ability to stay safe.

By Ian Barker -
phishing hook

Financial services is the most impersonated industry in phishing attacks

Threat protection company Vade has released its latest Phishers' Favorites report for 2022 which finds that financial services is the most impersonated industry, accounting for 34 percent of phishing pages as attackers continue to follow the money.

There are also seven finance brands in the top 20, with PayPal, MTB, Crédit Agricole, and La Banaque Postale all securing a spot in the top 10.

By Ian Barker -
Social Engineering

Social engineering remains the top threat for enterprises

The latest Annual Trends Report from Jamf, based on a sample of 500,000 devices protected by the company's technology, looks at the threats impacting devices used in the modern workplace and finds social engineering tops the list.

The combination of an increasingly distributed workforce with the relative ease with which bad actors can carry out phishing campaigns, leads to the leakage of user credentials. In 2022, 31 percent of organizations had at least one user fall victim to a phishing attack.

By Ian Barker -
mobile phishing

Over 30 percent of mobile users encounter phishing attacks

According to data from Lookout, 2022 has seen the highest percentage of mobile phishing encounter rates ever, with an average of more than 30 percent of personal and enterprise users exposed to these attacks every quarter.

Since 2021, mobile phishing encounter rates have increased by around 10 percent for enterprise devices and more than 20 percent for personal devices.

By Ian Barker -
Reddit logos

Reddit reveals details of security incident that gave hackers access to internal documents, code and internal business systems

Reddit has fallen victim to a security incident that has been described as a "sophisticated and highly-targeted phishing attack". Hackers targeted employees of the site a few days ago, and were able to gain access to "some internal documents, code, and some internal business systems".

The unknown attackers sent Reddit employees "plausible-sounding prompts" leading to a website that cloned the behavior of the company's intranet gateway. While able to use an employee's credentials to steal data and code, user accounts are not affected.

By Sofia Elizabella Wyciƛlik-Wilson -
birthday cake balloons

Happy phishing day to you!

Phishing emails usually try to trick the user into opening an attachment or visiting a website. Often this is by instilling a sense of urgency -- telling you your account is about to expire, for example.

Researchers at NordVPN have uncovered a new tactic involving email birthday cards. After all, if it's your birthday and you've opened several eCards already you're not going to think there's anything phishy about another one.

By Ian Barker -
phishing keyboard hook

Phishing up 36 percent in the last quarter of 2022 as attack tools get more sophisticated

Phishing volumes increased 36 percent, with 278.3M unique phishing emails in the fourth quarter of 2022, while malware volumes increased 12 percent QoQ, accounting for 58.9M emails, in the same period.

The latest Phishing and Malware Report from Vade shows the company detected 278.3 million unique phishing emails in Q4, surpassing the previous quarter’s total by 74.4 million. December saw the biggest jump in phishing emails, up 260 percent, as threat actors tried to cash in on the holiday period, this echoes a similar pattern at the end of 2021.

By Ian Barker -
AI

Logpoint adds ChatGPT to its cybersecurity arsenal

ChatGPT is very much flavor of the month at the moment, with many companies looking to add the AI technology into their products and Google launching its own alternative, Bard.

The latest to embrace the potential is Logpoint which is launching ChatGPT integration for its Security Orchestration, Automation and Response (SOAR) product.

By Ian Barker -
Google Chrome icon on mobile

Google launches new security and privacy features to mark Safer Internet Day

Google is using today's Safer Internet Day to announce a number of new security and privacy initiatives.

Among these are new ways to fill out passwords easily and securely in Chrome, more privacy protection for the Google app, improvements to Google Password Manger, and an expansion of SafeSearch to protect against explicit images.

By Ian Barker -
email_phishing

Phishing Campaigns Abusing Web3 Platforms Increased by 482% in 2022

Web3 platforms have surged in popularity over the years and continue to catch headlines with billion-dollar investments as well as significant downturns. According to McKinsey, despite early funding issues, adoption of Web3 applications has occurred at an exponential pace, which has led to many industry professionals questioning how safe and stable these platforms are.

Web3 platforms are designed to make content hosting more available to individuals, evade censorship, guarantee access to the published content and avoid technical problems like server management, making these platforms attractive for threat actors seeking to host malicious content.

By Brad Haas -
Holding email icon

New security tools aim to protect enterprises from phishing attacks

A new set of zero trust email security solutions from Cloudflare are aimed at protecting employees from multichannel phishing attacks, preventing sensitive data from being exfiltrated via email, and helping businesses speed up and simplify deployments,

Compatible with any email provider, the protection is integrated into Cloudflare's platform, helping to secure all of an organization's applications and data.

By Ian Barker -
AI

AI-generated texts could increase threat exposure

We reported last week on how ChatGPT could be used to offer hints on hacking websites. A new report released today by WithSecure highlights another potential use of AI to create harmful content.

Researchers used GPT-3 (Generative Pre-trained Transformer 3) -- language models that use machine learning to generate text -- to produce a variety of content deemed to be harmful.

By Ian Barker -
Cyber disruption

Geopolitical threats, supply chain issues and phishing scams -- cybersecurity predictions for 2023

The cybersecurity world never stands still, with threats and the technology to combat them constantly evolving.

That makes predicting what might happen difficult, but we can still extrapolate current trends to get an indication of where things might be headed. Here are some expert predictions for cybersecurity in 2023.

By Ian Barker -
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