FedEx Phishing Scam Targets Businesses and Educational Institutions

A new FedEx phishing scam has been detected that appears to be targeting universities and businesses. Spam emails with the subject line ‘FedEx Delivery Notification’ are sent to users that explain FedEx was unable to deliver a package. The email claims the package was over the allowable weight limit and did not qualify for free delivery.

The email recipients are informed that in order to collect the package, they must visit their local FedEx depot in person. The package will not be released unless the user presents a label to the dispatcher, which the user is required to print.

The sophisticated FedEx phishing scam involves no email attachments, only a link. However, the link does not appear to be a malicious site. The attackers are using Google Drive to distribute their malware.

This is an increasingly common tactic that abuses trust of Google. Since the website is genuine – drive.google.com –  users are less likely to believe that they are being scammed. The hyperlink will direct the user to Google Drive and will trigger the download of a file called Lebal copy.exe. An executable file that if run, will install malware.

Many people know not to run executable files, although in this case the file is disguised as a PDF and has the PDF icon. If known file extensions are not configured to be displayed on the user’s computer – which is now common- they would not be aware that the file is not a PDF.

The latest scam was uncovered by researchers at Comodo, who identify the malware as a Trojan called TrojWare.Win32.Pony.IENG that steals cookies and credentials. It is capable of stealing information from FTP clients, attempts to obtain and access cryptocurrency wallets, and extracts a wide range of user data and transmits the information to its command and control server. The malware uses various tactics to avoid detection by anti-malware and anti-virus defences.

Universities and Businesses Fall for FedEx Phishing Scam

According to Comodo, so far there have been 23 businesses, several government employees, and five university employees that have fallen for the scam. Since those businesses were protected by anti-virus software that was able to block the malware they avoided infection, although many others will not be so fortunate.

Protecting against scams like this requires layered defenses and user vigilance. Spam filters should be used by businesses to detect and quarantine spam emails such as this. Links to Google Drive can be difficult to block, as Google Drive is a legitimate website.  Antivirus and anti-malware defenses must therefore be in place to detect the malicious download.

Businesses should not forget the human element of the security chain. Security awareness training and phishing simulations can help users to detect a FedEx phishing scam such as this.

Netflix Users Targeted by Scammers

A new sophisticated Netflix scam has appeared in the past few days. The emails claim users will have their Netflix membership suspended due to a problem processing the most recent payment.

The email appears to have been sent from Netflix and includes all the appropriate branding, making the email look highly convincing. The subject line is ‘Suspension of your membership’.

The email says there was a problem validating the most recent payment, and a link is supplied in the email that requires the user to validate their payment and billing information.

Clicking the link directs the user to what appears to be the Netflix website where they are asked to go through a series of steps to validate their account. The validation process requires them to re-enter their payment card information. The failure to complete the step will result in the suspension of their Netflix account.

The website contains the correct branding and looks exactly like the legitimate site. The URL is different, but the website is HTTPS and has the green padlock. A casual glance at the URL may not reveal there is anything wrong with the site.

Spam filtering solutions such as SpamTitan can detect this type of scam, but users must exercise caution as not all phishing emails can be blocked.

Users should carefully check the URL of any site they visit to make sure it is legitimate before entering sensitive information. Links sent in emails should be checked by hovering the mouse arrow over the link to find out the true URL.

An email such as this should prompt the user to visit Netflix using their usual bookmark or by typing in the URL into their browser, rather than visiting any links in the email.

Phishing Emails Cost NC School District $314,000

Phishing emails cost a North Carolina school district $314,000 to resolve and caused considerable disruption while the infection was removed.

The high cost of resolving the attack was due to a particularly nasty and difficult to remove malware variant called Emotet malware which had been installed on endpoints and servers after employees responded to phishing emails.

The Rockingham County School District was attacked in late November. Numerous employees of the school district received a phishing email in their inboxes which appeared to be an incorrect invoice from their anti-virus provider. The emails contained an attachment and asked users to open the file to confirm. Doing so triggered the infection process, that resulted in the Emotet virus being downloaded.

The purpose of the malware is to obtain banking credentials. To ensure the maximum number of credentials are stolen, the virus is able to spread to other users. It was the attempt to spread that saw the infection detected. Some employees of the school district discovered their Google email accounts had been disabled as a result of spamming, which prompted an investigation. Internet access through web browsers was also impacted, suggesting a widespread malware infection.

While a malware infection was confirmed, removing the virus was not an easy task. There is no anti-virus software program that can remove the virus and prevent infection. The school district was able to clean and reimage some infected devices, but they were subsequently reinfected.

Unable to resolve the malware infection internally, the school district was forced to bring in external security consultants. In total, approximately a dozen infected servers had to be rebuilt to remove the infection. The school district also had to cover the cost of reimaging 3,000 workstations. The recovery is expected to involve some 1,200 on-site hours by IT staff and the process is expected to take up to a month.

During that time, the school district has had limited access to computers and had to loan around 200 Windows devices for key personnel. In order to cover the cost of the phishing attack, the school district took $314,000 in funds from its coffers.

“We feel like the $314,000 will get us back to where we were before we had the virus,” said school district Superintendent Rodney Shotwell.

The high cost of the phishing attack and the disruption caused shows just how important it is to deploy an advanced anti spam software solution to prevent malicious emails from reaching inboxes, and the importance of providing security awareness training to all employees to help them identify potential phishing attacks.

Industries Most Susceptible to Phishing Scams

What industries are the most susceptible to phishing scams? What industries must do more to prevent phishing attacks on their employees?

Recent research shows organizations that fail to implement technological defenses to block phishing emails and do not provide phishing awareness training to their employees are likely to suffer costly data breaches.

This year’s cost of a data breach study conducted by the Ponemon Institute suggests the average cost of mitigating a data breach is $3.62 million, while the FBI’s figures show that between 2013 and 2016, more than $1.6 billion was lost to phishing scams – Approximately $500 million a year. Phishing attacks on organizations have also been increasing year on year.

Unfortunately, while public awareness of the threat from phishing has improved considerably in recent years, an alarming number of employees continue to fall for phishing scams. A recent survey conducted by the phishing awareness training company Knowbe4 showed an astonishing 27% of employees clicked on a potentially malicious link or opened an email attachment sent via its phishing simulation tests. In some industry sectors, more than a third of employees failed the phishing simulations.

The Industries Most Susceptible to Phishing

Many studies produce questionable results due to a low sample size. However, the Knowbe4 study used data from 11,000 organizations and 6 million users. The results of the study therefore paint an accurate picture of just how susceptible employees are to phishing attacks.

Phishing simulations were run prior to the provision of security awareness training to obtain a baseline of the susceptibility of employees to phishing attacks. The results showed the industries most susceptible to phishing were insurance, manufacturing, retail, and non-profits. In the 1-249 employee category, 35.46% of insurance employees failed phishing tests, and 33.32% of employees failed the tests in the 250-999 employee category – The highest level of susceptibility of any industry sector in both categories.

Manufacturing was second worse in the 1-249 employee category with a failure rate of 33.21% followed by not-for-profits on 32.63%. In the 250-999 employee category, manufacturing (31.06) and business services (31.01%) were second and third.

The 1000+ employee category showed much reduced phishing susceptibility rates, ranging from business services on 19.40% to not-for-profits on 30.97%. Even the best performing industry sector saw almost 2 out of 10 employees fail phishing tests.

90 days after implementing a phishing awareness program, susceptibility to phishing was dramatically reduced. In the insurance sector, susceptibility rates fell from 35% and 33% in the small and medium sized business categories to 13% and 16%. A massive improvement. Overall, after a year – once phishing awareness training programs had matured – the overall susceptibility rates fell to a level of around 1% to 2%, with the highest percentages at the 5% level.

The survey shows just how important it is to provide ongoing training for the workforce to improve security awareness and the clear benefits of doing so.

It will never be possible to reduce phishing susceptibility to zero, therefore organizations should ensure that phishing emails are not delivered inboxes in the first place, and for that, an advanced anti spam software solution such as SpamTitan is required.

Cryptocurrency Mining Malware Spreading at Lightning Speed

The exponential growth in the price of cryptocurrencies has been accompanied by similar growth in email campaigns spreading cryptocurrency mining malware.  There has also been a big rise in new mining malware variants, with three new malware variants detected in the past week. Conservative estimates suggest one malware variant has already been installed on at least 15 million systems, although the true figure could well be closer to 30 million.

The data comes from the cybersecurity firm Palo Alto Networks, which performed an analysis of the URLs used in the campaign using Bitly telemetry. It is difficult to determine how many systems have been affected since Bitly is not the only URL shortening service being used in the campaign. AdFly is also in use, which suggests the number of infected systems could well be twice as high.

The malicious links for this campaign are being sent in spam email. Clicking the links will direct the user to a malicious website containing executable files that install the Monero mining application XMRig using VBS scripts. The popularity of Monero mining is due to the lower processor demands than cryptocurrencies such as Bitcoin. Monero mining can take place on less powerful computers such as those typically at home. In addition to spam email campaigns, the malicious executable files are being loaded to popular file sharing websites

Symantec reports there has been a rise in browser-based cryptocurrency mining. Websites owners are loading cryptocurrency miners onto their websites that is implemented using a scripting language. The ease of access to JavaScript APIs that can be used for this purpose has increased the popularity of this mining technique. Symantec also reports there has been a 34% rise in mobile applications containing cryptocurrency mining code.

Cryptocurrency mining malware does not pose such a big threat to organizations as other forms of malware and ransomware, but there are implications for businesses. The malware does require a considerable amount of processing power, so there will be an impact on performance on infected machines. Infection will see applications slow considerably, and that will have an impact on productivity.

Campaigns are also being conducted that target businesses. The aim is to installing cryptocurrency mining malware on business servers. These attacks are not email-based, instead vulnerabilities are identified and exploited to install the malware, with Apache Struts (CVE-2017-5638) and DotNetNuke (CVE-2017-9822) vulnerabilities commonly exploited.

Preventing Infection with Cryptocurrency Mining Malware

Businesses can prevent cryptocurrency mining malware from being installed on their servers by ensuring all applications are patched and kept up to date. The patch to fix the Apache Struts vulnerability was released in September 2017, yet many businesses have not applied the patch. The DNN vulnerability has also been patched.

The risk of infections on employee and home computers requires antivirus and antimalware software and an advanced spam filter to prevent malicious messages from reaching inboxes. Businesses should also be training their staff how to recognize malicious emails. Training programs and phishing email simulations have been shown to help reduce susceptibility to email-based attacks by up to 95%.

The past few months have also seen a rise in cryptocurrency mining malware infections via unsecured WiFi networks, with cybercriminals performing man-in-the-middle attacks that hack the WiFi sessions of any user connected to one of the rogue WiFi access points. Unsecured public WiFi hotspots should be avoided, or VPNs used.

How to Block Phishing and Ransomware Attacks

In this post we explain two of the most important strategies to adopt to block phishing and ransomware attacks.

Ensure Malicious Messages Do Not Reach Inboxes

Last year, Netwrix released a report based on a survey that showed 100% of government IT workers believed employees were the biggest threat to security. While those figures are the highest of many such surveys, the common theme throughout all of the research is employees are the most likely cause of a data breach.

One of the biggest areas of weakness is email-based attacks. Research conducted by the Friedrich Alexander University in Germany suggests half of users click links in emails from unknown senders. Those links often lead employees to phishing and malware-laced websites. With such high click rates, it is no surprise that so many IT workers believe employees are the weakest link in their security defenses.

Stopping employees from taking risky actions is difficult, so organizations must do all they can to ensure malicious emails are not delivered to inboxes. Only then, can IT workers be sure that employees will not click links or open dangerous email attachments.

How Does SpamTitan Work?

TitanHQ is a leading provider of spam filtering solutions for enterprises. SpamTitan ensures the vast majority of spam and malicious emails are identified and quarantined and are not delivered to inboxes. SpamTitan has been independently tested and shown to block 99.97% of spam emails, ensuring end users are protected. But what can organizations do to protect their employees from the 0.03% of emails that are delivered to inboxes?

There is No Silver Bullet That Will Block Phishing and Ransomware Threats 100% of the Time

No business can no survive without email and unfortunately, no spam filtering solution can block 100% of all spam emails, 100% of the time. At least not without also blocking many genuine messages. Organizations cannot rely on a spam filter to block phishing and ransomware threats. It is just one important layer of security. Several other layers are required.

Anti-virus and anti-malware solutions are essential for detecting malicious software, but these signature-based security controls are proving less and less effective as years go by. For instance, the solutions are not particularly good at detecting fileless malware.

Most businesses further reduce risk by implementing endpoint protection systems that can detect anomalies and unnatural behavior on endpoints, indicative of an intrusion, malware activity, or ransomware scanning for files and making changes.

However, AV software and endpoint detection systems only detect phishing and ransomware attacks when they are occurring. If you want to block phishing and ransomware attacks, the most effective solution is a human firewall.

IT departments can blame employees for being the weakest link when it comes to security, but if employees are not trained and shown how to recognize malicious emails, they will remain the biggest security threat to an organization.

The Human Firewall – The Best Defense Against Phishing, Malware, and Ransomware Emails

A firewall is the first line of defense, and anti spam software will help to keep inboxes free from malicious messages. The rear guard is made up of your employees. To ensure you have a strong defensive backline, you must provide security awareness training. Many employees do not know that they are taking big risks that could compromise the network. It is up to organizations to ensure that those risks are explained.

Most malware and ransomware attacks involve at least some user interaction: The clicking of a link, the opening of a malicious document, or the enabling of a macro. Employees must be told this is how malware is installed and how access to email accounts and networks is gained. By training the workforce to be more security aware, employees can be turned into a formidable last line of defense.

Security Awareness Training Should Be Continuous

While it was once possible to provide annual security training and be reasonably confident that employees would be able to recognize malicious emails, that is no longer the case. Email-based cyberattacks are now far more sophisticated, and cybercriminals are investing considerably more time in developing highly convincing campaigns. Cybercriminals’ tactics are constantly changing. Training programs must reflect that.

To develop a strong human firewall, training should be ongoing. An annual classroom-based training session should be accompanied by regular CBT training sessions, provided in bite-sized chunks. Cybersecurity should be kept fresh in the mind with monthly email bulletins, as well as ad hoc alerts about new threats.

Research conducted by several security awareness training companies shows, training is very effective. PhishMe, Wombat Security Technologies, and Knowbe4 all suggest that with regular training it is possible to reduce susceptibility to email-based attacks by up to 95%.

Test the Effectiveness of Security Awareness Training with Phishing Simulations

You can backup all your data to ensure you can recover files in the event of a disaster, but if your backups are never tested you can never be sure file recovery is possible.

Similarly, providing security awareness training to employees will not guarantee you have created a strong human firewall. Your firewall must be tested. By sending phishing simulations to your workforce you can find out just how effective your training has been. You can identify weak links – employees that have not grasped the concept of phishing and email security and those individuals can be scheduled additional training. Phishing simulation exercises also help to reinforce training. When a test is failed, it can be turned into a learning opportunity, which helps to improve knowledge retention.

Implement technological solutions to block phishing and ransomware attacks and train your employees and test them on all manner of email-based attacks. When the real deal arrives in an inbox they will be prepared and deal with it appropriately. Fail to block emails or provide high quality training, and your company is likely to have to deal with a costly, and potentially disastrous, email-based attack.

Lire cet article en français.