Internet Security

Our Internet security section covers a wide range of topics including the latest online threats such as new phishing scams, changes in exploit kit activity, and up to date information on new malware and ransomware variants and social media scams.

Here you will find articles on data breaches, together with the causes of attacks and potential mitigations to reduce the risk of similar incidents occurring at your organization. Lessons can be learned from attacks on other organizations and threat intelligence can help security teams prepare for impending cyberattacks.

This section also contains news on the latest remote code execution vulnerabilities and zero day exploits that are being used to gain access to business networks, such as the network worm attacks that were used to spread WannaCry ransomware around the globe in May 2017.

In addition to mitigations – such as news of patches and software upgrades – articles are included to help organizations improve Internet security. Employees are a weak link in security defenses and frequently download malware or engage in risky behavior that could result in a network compromise. This section includes information that can be used by organizations to reduce the risk of employees inadvertently downloading malicious software or disclosing their credentials on phishing websites, turning them from liabilities into security assets.

TitanHQ Launches New ‘Margin Maker for MSPs’ Initiative Following Record-Breaking MSP Growth

Q3, 2019 has seen TitanHQ register record-breaking growth in the MSP market with its busiest ever quarter for MSP sales. TitanHQ now has more than 2,200 MSP partners and its cloud-based email security, web security, and email archiving platforms are now used by more than 8,200 businesses around the world.

Many great success stories start from humble beginnings, and TitanHQ is no exception. The company started life as Copperfasten Technologies in 1999 and sold anti-spam appliances to local businesses from its Galway, Ireland base. The company then developed its own cybersecurity solutions, starting with the anti-spam and anti-phishing solution, SpamTitan.

The product portfolio grew to include WebTitan web filtering, a powerful DNS-based web security solution to protect businesses from the full range of internet threats. That was followed by the launch of ArcTitan, a cloud-based email archiving solution for businesses that eases their email storage and compliance burden.

That trio of core TitanHQ products has proven to be a massive hit with managed service providers, although not by accident. Many companies have developed innovative solutions for SMBs but have only realized the importance of the MSP market later on. Additional features are then added to appeal to MSPs. TitanHQ took a different approach. Its solutions were developed by MSPs for MSPs and MSPs were considered at every stage of product development. The result is a suite of security solutions tailor-made for MSPs.

This approach, along with cutting-edge technology and industry-leading customer support, has seen the company go from strength to strength and become the gold standard in email and web security and the leading global provider of cloud-based security solutions for MSPs servicing the SMB market.

Phishing attacks on businesses are soaring, new malware variants are being released at record levels, and the current ransomware epidemic is threatening to derail businesses. Many SMBs lack the internal resources to block these threats and turn to MSPs to provide the security they need.

To cope with the increased demand, MSPs need solutions with 100% cloud-based architecture that seamlessly integrate into their existing centralized management systems and are easy to implement, use, and maintain. Ideally, those solutions need to be flexible, have a range of hosting options, be available in white-label form to take MSP branding, and also include generous margins. That is a big ask, and many solutions only tick a few of those boxes. However, TitanHQ’s suite of solutions include all those features and more.

TitanHQ also offers extensive sales enablement and marketing support, world-class customer service, and each MSP has a dedicated account manager, engineers, and a support team to help them maximize their sales opportunities and really grow their businesses.

As part of the celebration of the Q3, 2019 MSP growth, TitanHQ has launched a new initiative to ensure Q4 will be an even bigger success.

On October 22, TitanHQ announced a new disruptive price package for a SpamTitan Email Security and WebTitan DNS filtering bundle at an exclusive once-in-a-lifetime price. The initiative has been called Margin Maker for MSPs and is intended to ensure MSPs build profitability instantly in Q4, 2019.

The two solutions are provided in two private clouds, customized to meet MSPs email and web security needs, and secure the most common attack vectors – email and the web. The package includes advanced protection for email, including Office 365 environments, complimented by WebTitan DNS filtering to block web-based threats and implement content control for on-premises and remote workers. These solutions are naturally provided with extensive sales enablement and marketing support.

The aim is to make TitanHQ’s email and web security platforms even more appealing to MSPs and to encourage MSPs to offer both SpamTitan email security and WebTitan web filtering to their clients and maximize revenues.

One MSP that is already boosting its profits and achieving increased, reliable recurring monthly revenues is UK-based OpalIT. The MSP has bases in Newcastle and Edinburgh and a 6,000+ customer base. Prior to joining the TitanShield program, OpalIT was offering its clients firewall filtering and email filtering with Barracuda and Vade. The company has now switched to TitanHQ’s cybersecurity bundle and is pushing SpamTitan Email Security, WebTitan DNS filtering, and ArcTitan email archiving to its clients and is reaping the rewards.

“Opal IT moved to TitanHQ because of our MSP focused solutions, ease of deployments, extensive APIs functionality and the increased margin they’re now making.  Our cybersecurity bundle solutions allow MSPs to provide their downstream customers with a layered defense approach” said Rocco Donnino, EVP Strategic Alliances, TitanHQ.

If you are a managed service provider, now is the perfect time to sign up with TitanHQ. Come and meet the TitanHQ channel team at the following MSP events to find out more about the TitanShield program for MSPs, OEMs, and service providers, and take advantage of the amazing new MSP package.

 

If you are unable to attend any of these events, be sure to give the TitanHQ team a call to find out more and take advantage of this exciting new and exclusive offer.

Meet the TitanHQ Team at IT Nation Connect 2019, Orlando

IT Nation Connect 2019, the ConnectWise conference for the IT professional community, will be taking place on October 30, 31, and November 1 at the Hyatt Regency in Orlando, Florida.

The event is the leading conference for companies that sell, support, and service technology and is focused on helping attendees build a strong business and achieve long-term success. Attendees will gain practical advice from experts in the IT Nation community and will have the opportunity to build meaningful business connections and learn how to work on their businesses.

This year’s topics for the session tracks are mergers & acquisitions, growth & scalability, talent development & leadership, service delivery & customer success, sales & marketing, and security.

Security is a key focus of IT Nation Connect 2019. The event will provide opportunities to discover how security frameworks and IT solutions can help you bulletproof your business and protect your clients’ networks from cyberattacks. Attendees will also gain deep insights into the current state of security in the MSP space.

Leading security experts will be discussing the steps that the government is taking to combat cyber threats, the lessons the government and private firms have learned, and how security experts see the threat landscape evolving over the coming year.

Founders and CEOs of the most successful MSPs and IT firms will explain what it is like to be a trailblazer, how they achieved their successes, the mistakes they made on the way, and what the future holds for the IT Nation community.

More than 80 thought leaders, ConnectWise partners, and ConnectWise colleagues will taking over 130 educational, networking and panel sessions and will be sharing success stories, best practices, and the lessons they have learned to help attendees succeed and grow their businesses.

The conference offers an exceptional opportunity for learning, networking, and discovering technology solutions that can save you time, money, and boost the profitability of your business. Such an important event for the IT community is not to be missed.

TitanHQ will be attending the event to explain why TitanHQ is the global leader in cloud-based email and web security solutions for MSPs servicing the SMB market, the advantages of doing business with TitanHQ, and how TitanHQ solutions can help you better protect your environment and those of your clients from increasingly sophisticated cyber threats.

TitanHQ Marketing Director Dryden Geary, Sales Director Conor Madden, and Inside Sales Executive Peter Cooke will explain the benefits of the TitanShield program for MSPs, OEMs, technology partners, and Wi-Fi providers and show you just how easy it is to incorporate SpamTitan email security, WebTitan DNS filtering, and ArcTitan email archiving into your security stacks.

If you are attending the event, be sure to make time to meet with TitanHQ and feel free to reach out in advance of the event if you have any questions.

Meet TitanHQ at the 2019 Canalys Cybersecurity Forum

The 2019 Canalys Cybersecurity Forum will be taking place in Barcelona on October 16-17, 2019. The event is the only independent conference dedicated to the cybersecurity channel and is one of the most important events of the year for managed service providers (MSPs).

The event provides an incredible opportunity for MSPs looking to enhance their security stacks, provide greater value, and better protect their clients from increasingly sophisticated security threats. Attendees will have the opportunity to have 1:1 meetings with more than 700 established and new partners and discover best practices to adopt to get the most out of their cybersecurity solutions.

The event is also a must for MSPs who have yet to start offering managed security services as it will allow them to form new partnerships with Europe’s best cybersecurity solution partners who will help them grow their businesses significantly over the coming year.

Leading cybersecurity vendors will be taking thought-crunching sessions and sharing their knowledge to help partners succeed. Attendees will be able to engage in intense debates and interact with some of the brightest minds in the field of cybersecurity. Questions can be posed in multi-vendor theatre panels to get the answers from the leading cybersecurity solution providers in the EMEA region.

Highlights of this year’s event include panels, theatre and keynotes exploring the re-imaging of the idea of solutions, generalist vs. specialist in the cybersecurity channel, the next catalyst that will drive security sales, and how the role of the CSO is evolving in the hybrid IT world.

Canalys analysts will also be providing keynote speeches and sharing their insights into the current threat landscape and some of the burning issues of the moment. The event will also see Canalys name the new Threat Fighter and MSSP winners in the Canalys Channel Partner Awards.

TitanHQ Sales Director, Conor Madden

The event provides an amazing opportunity for networking with more than 200 channel partner delegates in attendance. New alliances can be formed and along with the knowledge gained, attendees will be able to make important decisions that will have a major positive impact on growth for the coming year.

TitanHQ is a proud sponsor of the 2019 Canalys Cybersecurity Forum and the team will be on hand to answer questions and explain why TitanHQ is the global leader in cloud-based email and web security solutions for the MSP that services the SMB market.

TitanHQ Strategic Alliance Manager, Marc Ludden

At the event you will be able to discover the considerable benefits of using SpamTItan email security, WebTitan DNS filtering, and ArcTitan email archiving to solve your clients security issues, better protect them from cybersecurity threats, and help them achieve their compliance objectives… and how easy TitanHQ makes this for MSPs.

TitanHQ Sales Director Conor Madden will be a panelist at the event and will be answering questions from attendees on email security, web security, email archiving and how to get the most out of TitanHQ’s cybersecurity solutions for MSPS and SMBs.

Marc Ludden, TitanHQ’s Strategic Alliance Manager, will also be attending and meeting with enterprise-level clients and major MSPs and ISPs to help them push TitanHQ products downstream to their customers, grow their businesses, and improve their bottom lines.

You can find out more about this one in a year opportunity here – Canalys Cybersecurity Forum 2019 – and feel free to reach out to TitanHQ in advance of the event.

If you are unable to attend this year’s Canalys event, TitanHQ will be on the road throughout October and November. Be sure to connect at one of the other fall 2019 events below:

WebTitan Cloud: A Low Cost, Powerful Cisco Umbrella Alternative

If you are looking for a Cisco Umbrella alternative you are certainly not alone. TitanHQ has helped hundreds of businesses change from Cisco Umbrella to WebTitan Cloud. In most cases, the main reason why businesses seek a Cisco Umbrella alternative is to save money.

The cost of Cisco Umbrella is hard to justify for many SMBs and managed service providers (MSPs). The cost per user is considerably higher than many other solutions on the market. In fact, you may be surprised at just how much money can be saved by changing your web filter provider.

How Much Does Cisco Umbrella Cost?

For a business with 100 users, the cost of Cisco Umbrella in 2019 is $2.20 per user, per month. That is certainly a reasonable price given the level of protection provided by Cisco Umbrella, but there are Cisco Umbrella alternatives that are available for a fraction of the cost that provide an equivalent level of protection against web-based threats and allow careful control of the types of content that can be accessed by end users.

If you have 100 users, you will be spending $220 a month on Cisco Umbrella, which is $2,640 per year. The Cisco Umbrella price is reasonable if you compare it to the cost of a malware infection, ransomware attack, data breach, or phishing attack, but it is possible to have the same level of protection at a third of that price if you change from Cisco Umbrella to WebTitan Cloud.

How much can be saved by switching from Cisco Umbrella to WebTitan Cloud? The cost of WebTitan Cloud is $0.90 per user, per month. That adds up to a monthly cost of $90, which is $1,080 per year. Just making this simple change will save your business $1,560 per year!

An Ideal Cisco Umbrella Alternative

Cost is not the only consideration when looking for a Cisco Umbrella alternative. If you are changing solution provider you will need to make sure that the new product has all the features you need. Since WebTitan Cloud and Cisco Umbrella are built around the same core principles, in many respects the solutions are equivalent, but there are several features of WebTitan Cloud that are not available with Cisco Umbrella and some important benefits for SMBs and MSPs.

TitanHQ has a perfectly transparent pricing policy. You pay one price and you get all the features of the solution. There are no optional extras that bump up the cost and no premium packages to give you extra protection. Every user receives the same high level of protection. TitanHQ is also happy to negotiate with businesses and MSPs and enters into commercial arrangements that suit all parties.

One of the features of WebTitan Cloud that is particularly attractive to MSPs is the ability to host the solution locally within their own environment. Most businesses will choose to host WebTitan Cloud with TitanHQ, but the option is available if this suits you better. You can also be supplied with WebTitan Cloud in white label form. TitanHQ branding can be removed from the solution to allow you to add your own branding if you so wish.

There may be times when you need to bypass filtering controls. To make this as easy as possible, we developed cloud keys. These can be used to bypass some or all of your filtering controls rather than having to change policies for a user and change back again when a particular task has been performed. Cloud keys can be set to expire after a certain number of uses or after a certain period of time.

We have developed WebTitan Cloud to be easy to configure, use, and maintain, but there will naturally be times when things don’t go according to plan. In the event of a problem, all users benefit from world class support. Our skilled engineers and customer service staff are on hand to get you back on track quickly and painlessly. That applies to all users, even those on the free product trial. Support is not an optional extra that will cost you more money.

WebTitan Cloud Benefits for MSPs

How do Users Rate WebTitan vs Cisco Umbrella

Not all web filtering solutions provide the same level of protection and many fail to live up to expectations one they are installed. In the case of WebTitan Cloud, not only can you save a considerable amount of money, our DNS filtering solution is easy to set up, use and maintain. Plus, if you ever experience any problems or need help, you benefit from industry-leading customer service.

Naturally we will sing the praises of WebTitan Cloud as we are trying to sell our product, but most users of WebTitan agree with us and love using the product. This can be seen on review sites such as G2 Crowd.

G2 Crowd is an independent business software review site that is trusted by business leaders to provide information on the best software solutions on the market. The site has more than 650,000 user reviews from verified users and gives you insights into products to let you know if they perform as well as vendors say they do.

Web filtering solutions are rated on whether they meet requirements, ease of use, ease of setup, ease of admin, quality of support, and ease of doing business with the company. WebTitan Cloud consistently ranks higher than Cisco Umbrella in all 6 categories.

If you have any questions about WebTitan Cloud, would like information on how you can switch from Cisco Umbrella, would like a product demonstration or to sign up for the free trial, give us a call today and we will be happy to help. The sooner you get in touch, the sooner you can start saving money on web filtering!

Cost of a Ransomware Attack? $95 Million for Danish Firm Demant

The cost of a ransomware attack can be considerable. Several attacks in the United States have seen payments of hundreds of thousands of dollars made for the keys to unlock the encryption. While those payments are certainly high, they are a fraction of the total cost of a ransomware attack which are usually several times the cost of any ransom payment.

Recovery without paying a ransom can be considerably more. The ransomware attack on the city of Baltimore saw a ransom demand of around $76,000 issued. Baltimore refused to pay. The attack is estimated to have cost the city at least $18.2 million.

The cost of that ransomware attack is high, but nowhere the cost of a suspected September 2019 ransomware attack on the Danish hearing aid manufacturer Demant. The firm experienced the attack on or around September 3, 2019. One month on and the firm still hasn’t recovered. In a recent message to its investors, the firm said the cyberattack would cost an estimated $80 million to $95 million, even though the company held a cyber insurance policy. Without that policy the bill would have been $14.6 million higher.

According to a notice on the firm’s website, it experienced “a critical incident” when its “IT infrastructure was hit by cyber-crime.” Ransomware was not mentioned by the firm although it has been reported as a ransomware attack by the Danish media.

The attack impacted its Polish production and distribution facilities, French cochlear implants production sites, Mexican production and service sites, its amplifier production site in Denmark, its entire Asia-Pacific network, and its enterprise resource planning (ERP) system.

The firm is recovering its IT infrastructure and believes it will take a further two weeks for systems to be restored and business operations to approach normality. However, the effects of the attack are expected to be long-lasting.

The inability to access its systems across all these areas has caused major disruption to the company. The firm has been unable to supply its products, receive and process orders, and clinics in its network have had difficulty servicing end users.

Due to the limited information released it is unclear whether the company refused to pay a ransom, if the attackers could not supply valid keys to unlock the encryption, of if this was a sabotage attack akin to the NotPetya wiper malware attacks of 2017.

If this was a ransomware attack, the losses far exceed those of the Norwegian aluminum and energy company Norsk Hydro, whose ransomware attack cost the firm around $70 million, although it is a fraction of the cost of the NotPetya attacks on the shipping firm Maersk and FedEx, both of which caused losses of around $300 million.

These incidents all demonstrate just how damaging cyberattacks can be and the massive costs of recovery. As is typical, the cost of recovering its IT systems accounted for a small proportion of the total cost – around $7.3 million. The bulk of the losses were due to lost sales and the inability to process orders, which the company says make up around half of the estimated losses.

In a press release, the firm said in addition to the lost sales, “the incident has prevented us from executing our ambitious growth activities in some of the most important months of the year – particularly in the US, which is our biggest market.”

Malware, ransomware and wiper malware are most commonly delivered via a small number of attack vectors. All too often they start with a phishing email, exploitation of RDP, drive-by malware download, or the exploitation of unpatched vulnerabilities.  The cost of preventative measures to block these attack vectors is pocket change by comparison to the cost of recovery from an attack.

TitanHQ cannot help businesses with securing RDP and patching promptly, but we can help businesses secure the email system and protect against drive-by malware downloads and other web-based attacks.

To find out more about how you can improve security against email- and web-based attacks, from a cost of as little as 90 cents per user per month, give our sales team a call.

The sales team will be happy to explain the ins and outs of our web and email security solutions, schedule product demonstrations, and help set you up for a free trial of our SpamTitan email security and WebTitan web security solutions and greatly improve your defenses against phishing, ransomware, malware, and wiper attacks.

Ransomware Attack Forces Healthcare Provider Out of Business

The dangers of ransomware attacks have been made abundantly clear to more than 5,000 patients in California whose medical records have been permanently lost as a result of a ransomware attack on their healthcare provider.

Simi Valley, CA-based Wood Ranch Medical experienced the attack on August 10, 2019 which saw ransomware deployed and executed on its servers which contained the medical records of 5,835 patients. The attack caused permanent damage to computer systems, and since backup copies of patient records were also encrypted, those records have been permanently lost. It is unclear how much the attackers demanded as payment for the keys and whether those keys would have worked had the ransom been paid.

Without patient records and faced with the prospect of having to totally rebuild the medical practice from scratch, the decision was taken to permanently close the business. Patients have been forced to find alternative healthcare providers and no longer have access to their medical records.

This is the second healthcare provider in the United States that has been forced out of business due to a ransomware attack. Brookside ENT and Hearing Center in Battle Creek, Michigan also closed its practice this year as a result of a ransomware attack. In that case, the practice owners refused to pay the ransom demand and patient records were permanently encrypted. The practice owners decided it was not possible to rebuild the practice from scratch and announced their early retirement.

It is unclear exactly how the ransomware was installed in each of these incidents, so it is not possible to determine what defenses could have been improved to prevent the attacks. However, in both cases, recovery of files from backups was not possible.

The purpose of a backup is to ensure that in the event of disaster, data will be recoverable. File recovery may be time consuming and downtime due to the attack likely to be expensive, but data will not be permanently lost.

In order to ensure file recovery is possible, backups must be tested. Files may be corrupted during the backup process and data restoration may not be possible. If backups are not tested to make sure files can be recovered, it will not be possible to guarantee file recovery in the event of disaster.

These incidents also highlight another fundamental rule of backing up. NEVER store the only copy of a backup on a networked or internet-connected computer.

In the event of ransomware attack, it is highly likely that backup copies on networked devices will be encrypted along with shadow volume copies. Ransomware encrypts these files to make sure the only way of recovering data is paying the ransom.

Even paying a ransom comes with no guarantee that data will be recoverable. Files may be corrupted through the encryption/decryption process – some data loss is inevitable – and the attackers may not be able to supply valid keys to decrypt files.

A good backup approach to adopt to prevent disasters such as these is a 3-2-1 strategy. 3 backups should be created, which should be stored on 2 different media, with 1 copy stored securely off site on a device that is not networked or connected to the internet.

TitanHQ is on the Road Again: Fall 2019 MSP Trade Show Schedule

This fall, TitanHQ will be attending several Managed Service Provider (MSP) events and trade shows throughout Europe and the United States.

TitanHQ has been developing innovative cybersecurity solutions for MSPs for more than two decades and all solutions have been created with MSPs firmly in mind. By involving MSPs in the design process, TitanHQ has been able to ensure that its products incorporate features to make life easier for MSPs, such as easy integration into MSPs management systems through the use of APIs to features rarely found in cybersecurity products – such as full white label versions ready for MSP branding and the ability to host the solutions within MSPs own environments.

Trade shows give the TitanHQ team the opportunity to meet face to face with prospective clients to discuss their email and web security needs and get face to face feedback from current customers that have already integrated TitanHQ products into their technology stacks.

The TitanHQ team kicked off the fall schedule of trade shows on September 12 at the Taylor Business Group BIG 2019 Conference at the Westin Hotel in Chicago, where members got to meet the TitanHQ team to discuss the new TitanShield program and discover how TitanHQ products can improve security for their clients while saving MSPs time and money.

At the same time, TitanHQ was at the CloudSec Europe 2019 Conference in London demonstrating WebTitan Cloud, SpamTitan Cloud, and ArcTitan to MSPs and cloud service providers.

If you were unable to attend either of these two events or did not get the chance to meet with the team, all is not lost. The fall schedule has only just commenced and there are still plenty of opportunities to meet the team to discuss your requirements and find out how TitanHQ products can meet and exceed your expectations.

Trade Events Attended by TitanHQ – Autumn, 2019

Date Event Location
September 17, 2019 Datto Dublin Dublin, Ireland
September 18, 2019 MSH Summit London, UK
October 6-10, 2019 Gitex Dubai, UAE
October 7-8, 2019 CompTIA EMEA Show London, UK
October 16-17, 2019 Canalys Cybersecurity Forum Barcelona, Spain
October 21-23, 2019 DattoCon Paris Paris, France
October 30, 2019 MSH Summit North Manchester, UK
October 30, 2019 IT Nation Evolve (HTG 4) Florida, USA
October 30, 2019 IT Nation Connect Florida, USA
November 5-7, 2019 Kaseya Connect Amsterdam, Netherlands

If you plan on attending any of the above events this fall, be sure to come and visit the TitanHQ team and feel free to reach out ahead of the events for further information.

Rocco Donnino, Executive Vice President-Strategic Alliances, LinkedIn
Eddie Monaghan, MSP Alliance Manager, LinkedIn
Marc Ludden, MSP Alliance Manager, LinkedIn
Dryden Geary, Marketing Director

OneStopIT Choses TitanHQ to Protect Its Customers from Email and Web-Based Threats

TitanHQ has announced it has entered not a new partnership with one of the United Kingdom’s leading Managed Service Providers (MSPs), OneStopIT.

For more than 16 years, OneStopIT has been helping small to medium sized businesses (SMBs) implement enterprise-class technology solutions. The Edinburgh-based MSP is focused on providing process-driven IT solutions to growing organizations at an affordable price.

Through the company’s dealing with UK businesses it has become clear that one of the biggest problem areas is phishing. Phishing attacks on UK businesses are now occurring at record pace and those attacks are costing businesses dearly.

UK businesses need advanced, enterprise-level cybersecurity solutions, but at an affordable SMB-friendly price. To improve protection against phishing and malware attacks, OneStopIT turned to TitanHQ.

TitanHQ has developed powerful cloud-based solutions for the SMB marketplace that incorporate enterprise-grade security features, but at a price that is affordable for even the smallest business. These solutions have been developed to be delivered by MSPs and can be easily incorporated into MSP auto-provisioning, billing, and management systems.

Under the new partnership, OneStopIT will be offering its customers SpamTItan-powered advanced email security and anti-phishing protection, WebTitan-powered DNS-based web filtering, and an ArcTitan-powered email archiving service.

All three solutions have been seamlessly integrated into OneStopIT’s security stack and are now being used to better protect its customers from today’s advanced and sophisticated cyber threats.

“ The proliferation of phishing threats across Office 365 is a real problem for SME’s in the UK and we’re partnering with a key vendor in this space to protect our customers and also give them the OneStopIT premium service they are used to,” said Ally Hollins-Kirk, CEO of OneStopIT.

New Office 365 Phishing Scams Detected

Two new Office 365 phishing scams have been detected in the past few days. One scam uses a fake Office 365 site to deliver the Trickbot Trojan and the other is a spear phishing campaign targeting Office 365 administrators to capture their credentials.

The Trickbot campaign uses a realistic domain – get.office365.live – that has all the typical elements of a genuine Microsoft website, including links to Microsoft resources. The website, identified by MalwareHunterTeam, detects the visitor’s browser and displays a popup within a few seconds of landing on the website.

A different warning is displayed for Firefox and Chrome users, with the associated logos. The warning comes from either the Chrome or Firefox Update Center. The message states that the user has an older version of the browser, which may cause incorrect site mapping, loss of all stored and personal data, and browser errors. An update button is supplied to download the browser update.

If the update button is clicked, it triggers the download of an executable file called upd365_58v01.exe. If that executable is run, the Trickbot Trojan will be downloaded and inserted into a svchost.exe process. That makes it harder for the user to detect the information stealer through Task Manager.

The Trickbot Trojan has several capabilities. It is a banking Trojan that can intercept banking credentials using webinjects. It also contains a password grabbing module which steals saved login credentials, autofill information, browsing history, and Bitcoin wallets. The malware also serves as a downloader for other malware variants and a module also been developed for propagation which includes the EternalBlue exploit.

Once installed, the malware stays in continuous contact with its C2. Due to the obfuscation methods used, the infection is unlikely to be detected by an end user, but the network admin may notice unusual traffic or attempts to connect to blacklisted domains.

This is a professional campaign that is likely to fool many end users. It is currently unclear whether traffic is being directed to the site through malvertising redirects or phishing emails.

Office 365 Admins Targeted

A phishing campaign has been detected which is targeting Office 365 administrators. Fake browser warnings are used to trick admins into disclosing their login credentials.

Emails have been constructed using the Microsoft and Office 365 logos which contain a warning about an aspect of Office 365 which requires the admin’s immediate attention. One message warns the admin about a mail redirect on an Office 365 inbox which indicates there has been an account compromise. Another advises the admin that the company’s Office 365 licenses have expired.

The emails contain a link for the admin to use to login to their Office 365 account to address the problem. The user will be directed to a webpage on the windows.net domain which has a valid certificate from Microsoft. The Microsoft login box is identical to that used on the Microsoft site.

Most admins will be vigilant and wary of warnings such as these. Even if the links are clicked, admins are likely to check the domain to make sure it is genuine. However, these scams are conducted because they do work. Some admins will be fooled and will disclose their credentials.

Admin credentials are highly valuable as they allow an attacker to create new office 365 accounts, access other user’s mailboxes, and send phishing emails from other accounts on the domain. These targeted attacks on admins are becoming more common due to the high value of the accounts and the range of attacks they allow a hacker to perform.

There is no single cybersecurity solution that will provide total protection from phishing attacks. What is needed is a defense in depth approach. End users should be provided with ongoing security awareness training to ensure they are aware of the most common threats and know how to identify potential scams. Phishing simulations are useful for gauging how effective training has been.

However, the priority must be to block these attacks and prevent end users from being tested. An advanced spam filter such as SpamTitan blocks more than 99.97% of spam and phishing emails. SpamTitan scans all incoming messages for malware and uses dual anti-virus engines for greater accuracy. A sandboxing feature has also now been added to allow the safe execution and analysis of suspicious email attachments.

WebTitan serves as an additional security layer that prevents end users from visiting malicious websites. The DNS filter can be used to exercise control over the types of websites that can be visited by employees and blocks all attempts to visit blacklisted websites, such as those that have been used for malware distribution, scams, or phishing.

Contact TitanHQ today to find out more about SpamTitan and WebTitan for SMBs and MSPs, the different deployment options, pricing information, and to book a product demonstration.

Phishing-as-a-Service Opens Flood Gates: Waves of Phishing Emails Expected

You may have heard of ransomware-as-a-service – where ransomware is rented for a cut of the profits generated – but now there are a growing number of hackers offering phishing-as-a-service.

Ransomware-as-a-service proved popular as it allowed people without the skill set to create their own ransomware to conduct attacks and take a share of the profits. Conducting phishing attacks is easier. It requires no knowledge of malware or ransomware. All that is required is a hosted web page that mimics a brand you want to target, a phishing kit, and an email account to send phishing emails far and wide.

There is still entry barrier to cross before it is possible to conduct phishing attacks.  Phishing requires some knowledge and skill as a spoofed phishing web page must be created and emails crafted that will attract a click. The web page will also need to be hosted somewhere so a compromised domain will therefore be required.

Phishing-as-a-service provides all of that. To get started, you purchase one of several phishing templates based on what you are targeting – Office 365, SharePoint, OneDrive, Google, or DocuSign credentials for example. The phishing pages are sold complete with phishing kits loaded and one month’s hosting.

One group offering phishing-as-a-service guarantees the phishing page will be hosted for one month and includes a three-link backup. If one URL fails or is reported as a phishing website, a further two links can be provided on request followed by a further three after that.

Phishing-as-a-service takes all the time-consuming work out of starting a phishing campaign and allows phishing campaigns to be conducted by individuals with next to no specific skills. Once payment is made for the web page, all that is required is the ability to conduct a spam campaign. The service also comes with the option of purchasing lists of email addresses for the country of choice. All that is required to conduct a phishing campaign is payment ($30+) for phishing-as-a-service and a convincing phishing email.

With the entry barrier being substantially lowered, phishing attacks are likely to become much more frequent. It is therefore essential for businesses of all sizes to take steps to improve protections and reduce susceptibility to phishing attacks.

If you are defending against any attack it pays to know your enemy. It is therefore essential for all employees with an email account to be provided with security awareness training and be taught how to recognize a phishing attack.

It is also important to implement cybersecurity solutions that help to ensure your last line of defense will not be tested. You should have an advanced anti-spam solution in place to block the vast majority of phishing threats. If you use Office 365 for your business email, a third-party anti-spam solution will provide a greater level of protection.

An additional protection against phishing attacks that is often overlooked is a DNS filter or web filter. A web filter gives organizations control over what their employees can do online and which websites they can visit. Any website that has been reported as malicious is automatically blocked using blacklists and webpages are scanned in real-time and blocked if malicious. If a phishing email reaches an inbox and attracts a click, the attempt to access the phishing website can be blocked.

If you want to improve your email and web security posture or you are looking for better value cybersecurity solutions, TitanHQ can help. Contact TitanHQ today to discuss your email and web security requirements and you will be advised on the best solutions to meet your needs.

TitanHQ offers a free trial on all products and is happy to arrange product demonstrations on request.

Invaluable Advice for MSPs at DattoCon19 in San Diego from Event Sponsor TitanHQ

The largest managed service provider conference of 2019 will be taking place in San Diego on 17-19 June.

DattoCon is the premier conference for MSPs, bringing together a plethora of vendors and industry experts to help MSPs learn business building secrets, gain invaluable product insights, and learn technical best practices. The networking and learning opportunities at DattoCon are second to none. DattoCon19 is certainly an event not to be missed.

TitanHQ is a Datto Select Vendor and a proud sponsor of DattoCon19. TitanHQ has developed cybersecurity solutions to exactly meet the needs of MSPs. All solutions area easy to implement and maintain and can be integrated into MSP’s existing systems via a suite of APIs. TitanHQ provides the web security layer to Datto DNA and D200 boxes and is the only third-party security company trusted to work with Datto.

The TitanHQ team will be on hand at the conference to discuss your email and web security needs and will offer practical advice to help you better serve the needs of your customers and get the very most out of TitanHQ solutions.

Visitors to the TitanHQ stand (booth 23) will have the opportunity to learn about TitanHQ’s exclusive TitanShield Program for MSPs. Through the TitanShield program, members have access to SpamTitan email security and phishing protection; the WebTitan DNS filter; and the ArcTitan email archiving solution. Around 2,000 MSPs have already signed up to the program and are using TitanHQ solutions to protect their clients.

If you currently use Cisco Umbrella to provide web and malware protection, you may be paying far more for security than is necessary and could well be struggling with product support. Be sure to speak to the team about the savings from switching and the support provided by TitanHQ. A visit will also be useful for MSPs that are currently supporting Office 365, as the team will explain how spam, phishing and malware protection can be enhanced.

TitanHQ Executive Vice President-Strategic Alliances, Rocco Donnino, will be on the panel for the new, Datto Select Avendors event on Monday. The event runs from 3PM to 4PM and brings together experts from several select companies who will help solve some of the epic problems faced by MSPs today.

Additional Benefits at DattoCon19

  • New TitanHQ customers benefit from special show pricing.
  • A daily raffle for a free bottle of vintage Irish whiskey.
  • Two DattoCon19 parties: TitanHQ and BVOIP are sponsoring a GasLamp District Takeover on Monday 6/17 and Wed, 6/19.

DattoCon Details

DattoCon19 will be taking place in San Diego, California on June 17-19, 2019
If you are not yet registered for the event you can do so here.
TitanHQ will be at booth 23

Contact the TitanHQ team in advance:

  • Rocco Donnino, Executive Vice President-Strategic Alliances, LinkedIn
  • Eddie Monaghan, MSP Alliance Manager, LinkedIn
  • Marc Ludden, MSP Alliance Manager, LinkedIn

G2 Names TitanHQ One of Best Software Companies in EMEA in 2019

The global user review website, G2, is the go-to place to find reviews of business software and services. Unlike many other review websites, G2 gives users of the software and services the opportunity to provide their feedback on how the products perform. Millions of businesses use the website to make smarter buying decisions and select the best products and services to meet their needs.

This year, for the first time, G2 has launched a new Best Software Companies in EMEA list. To produce the list, G2 used the reviews of more than 66,000 users of the products of more than 900 companies. To be selected as one of the best companies is only possible if users of products and services have given their endorsement.

“G2’s ever-expanding breadth and depth of product, review, and traffic coverage provide over 5 million data points to help buyers navigate the complex world of digital transformation”, said G2 CEO Godard Abel. “In our Best Software Companies in EMEA list, we leverage this data to identify the companies our users tell us are best helping them reach their potential”.

TitanHQ has developed a suite of advanced cybersecurity solutions to keep businesses protected from email and web-based threats and help MSPs serving that market effortlessly provide managed cybersecurity services to their clients.

“TitanHQ earned its place on the list thanks to the value our customers place on the uncompromised security and real-time threat detection we provide,” said Ronan Kavanagh, CEO, TitanHQ. “The overwhelmingly positive feedback from on G2 Crowd is indicative of our commitment to ensuring the highest levels of customer success.”

Ransomware Attacks on the Rise Once More and Cities are in Attackers’ Crosshairs

The use of ransomware to attack businesses continued to decline throughout 2018 after extensive use of the file-encrypting malware by cybercriminals in 2016 and 2017. In 2018, ransomware fell out of favor with cybercriminals, who turned to other forms of cybercrime to make money.

However, ransomware is seeing something of a resurgence in 2019. The latest Breach Insights Report from Beazley Breach Response Services shows ransomware attacks are increasing once again. In the first quarter of 2019, ransomware attack notifications from its clients increased by 105% from Q1, 2018. Ransom demands are also increasing.

The rise in attacks has continued in Q2. Attacks using MegaCortex ransomware surged in late April. The ransomware variant was first identified in January and was only used in a handful of attacks in the following three months, but in the last week in April, 47 confirmed attacks were reported.

Dharma ransomware attacks have similarly increased. According to Malwarebytes, the past two months have seen a 148% increase in attacks. The threat actors behind Dharma ransomware are now using a variety of methods to distribute their ransomware payload.

The most common method of distribution is phishing emails. Emails contain embedded hyperlinks that direct users to a malicious website where the ransomware payload is downloaded. Email attachments containing malicious scripts are also used to download the ransomware payload.

Attacks are also taking place via remote desktop protocol over TCP port 3389. Brute force attacks are conducted to gain access to a device then ransomware is deployed. Dharma ransomware has also been identified in fake antivirus software programs which are pushed via a variety of websites. Users are tricked into downloading fake AV software after receiving a fake alert about a malware infection that has been detected on the user’s device.

Ransomware has also been used in conjunction with other malware such as Emotet. Emotet was once a banking Trojan but has since morphed into a botnet, capable of stealing login credentials, propagating itself via email on an infected device, and is capable of downloading other malware payloads. Emotet has been used to distribute Ryuk ransomware.

There have been upticks in attacks using other ransomware variants and the popularity of ransomware continues to grow, with some industries targeted more than others. Healthcare organizations are an attractive target as access to patient data is critical for providing medical services. There is a higher probability of ransom demands being paid due to reliance on patient data.

A recent report from Recorded Future has confirmed that attacks on towns, cities, and local government systems are soaring. Its study confirmed that there were 169 attacks on county, city, or state government systems and police and sheriffs’ offices since 2013. There were 38 ransomware attacks in 2017, 53 in 2018, and 22 attacks have already occurred in 2019 and the year is not yet halfway through.

Akron, OH; Albany, NY; Jackson County and Cartersville, GA; and Lynn, MA, have all been attacked this year and the city of Baltimore, MA, has been struggling to recover from its attack for the past two weeks with many city services still disrupted.

The rise in attacks is understandable. The potential rewards from a successful attack are high, many victims have no alternative but to pay, and thanks to ransomware-as-a-service, attacks are easy to pull off and require little in the way of skill.

As long as the attacks continue to be profitable, they will continue. What businesses need to do is to make it much harder for the attacks to succeed and to ensure that if disaster does strike, recovery is possible without having to pay a ransom.

Recovery depends on viable backups of all critical files being available. That means regular backups must be made, those backups need to be tested to make sure files can be restored, and copies need to be stored securely where they cannot also be encrypted.

Remote Desktop Protocol is a weak point that is commonly exploited. If RDP is not required, it should be disabled. If disabling RDP is not an option, strong, complex passwords should be used and access should only be possible using a VPN.

To block web-based attacks, consider implementing a web filtering solution such as WebTitan which prevents users from visiting known malicious websites and downloading executable files types.

One of the primary methods of delivering ransomware is spam and phishing emails. An advanced spam filtering solution should be implemented to block malicious emails and ensure they are not delivered to end users’ inboxes. SpamTitan now incorporates a sandbox, which allows suspicious files to be executed in a secure environment where activities of the files can be safely analyzed for malicious actions. SpamTitan also scans outgoing mail for signs of infection with Emotet.

While these technical controls are important, you should not forget end users. By providing security awareness training and teaching end users how to recognize potential threats, they can be turned into a strong last line of defense.

Fortunately, with layered defenses you can make it much harder for ransomware attacks to succeed and can avoid becoming yet another ransomware statistic.

New TitanShield Partner Program Launched by TitanHQ

New TitanShield Partner Program Launched by TitanHQ

TitanHQ, the leading provider of spam filtering, web filtering, and email archiving solutions to SMBs and managed service providers (MSPs) has announced a new partner program has been launched: TitanShield.

The aim of the TitanShield Partner Program is to provide MSPs, cloud distributors, OEM partners, Wi-Fi providers, and Technology Alliance partners with all the tools and support they need to start offering TitanHQ solutions to their clients and to provide continued support.

The launch of the new program coincides with TitanHQ’s 20-year anniversary. For the past two decades, TitanHQ has been developing innovative cybersecurity solutions for SMBs and MSPs that serve the SMB market. The company started by developing anti-spam technologies for businesses in Ireland and has since grown into an award-winning global provider of cybersecurity solutions.

Over the course of the past year, TitanHQ has been working closely with partners to make it as easy as possible for them to sell, onboard, deliver, and managed advanced network security solutions directly to their client base. In fact, in the past 9 months, as a result of those efforts, TitanHQ has increased its partner base by 40%.

In addition to providing cutting edge cybersecurity solutions to protect against email and web-based attacks and meet compliance requirements, TitanHQ offers partners flexible pricing models, competitive margins, and a wealth of sales and technical resources to drive revenue growth.

Under the new partner program, all qualified partners will be assigned a dedicated account manager, a support team, and engineers. Partners also benefit from a full range of APIs that will enable them to incorporate TitanHQ products into their backend provisioning and management systems and will be provided with extensive sales enablement and marketing support, including lead generation resources.

“Our new TitanShield partner program allows us to separate partners into their specific areas so that we can make sure they are receiving best practices, simple pricing models and focused information for the markets and customers they serve,” explained TitanHQ Executive VP of Strategic Alliances, Rocco Donnino “Our program takes a unique and strategic approach for our partners and can be customized to fit all business models.”

MSPs and cloud providers who have not yet started offering TitanHQ solutions to their clients can find out more about the TitanShield program by emailing the team at partners@titanhq.com

Webinar: Discover the Exciting New Features of SpamTitan

Current users of the SpamTitan email security solution and SMBs and MSPs that are considering implementing SpamTitan or offering it to their clients are invited to join a webinar in which TitanHQ will explains the exciting new features that have recently been incorporated into the anti-phishing and anti-spam solution.

SpamTitan has recently received a major update that has seen the incorporation of DMARC email authentication to better protect users from email impersonation attacks and the addition of a new Bitdefender-powered sandbox. The sandbox allows users to safely assess email attachments for malicious actions, to better protect them against zero-day malware and other malicious software delivered via email.

The webinar will explain these and other features of SpamTitan in detail and the benefits they offer to customers, including how they better protect SMBs and SMEs from phishing, spear phishing, spoofing, ransomware, malware, and zero-day attacks.

The webinar will also explain why SpamTitan is the leading email security solution for managed service providers serving the SMB and SME market and how the solution can help to enhance security for their clients and can easily be slotted into their service stacks.

The webinar will be taking place on Thursday April 4, 2019 at 12pm, EST and will last approximately 30 minutes.

Advance registration is necessary. You can sign up for the webinar on this link.

Survey Highlights Healthcare Email Security Weaknesses

The 2019 Cybersecurity Survey conducted by the Healthcare Information and Management Systems Society (HIMSS) has highlighted healthcare email security weaknesses and the seriousness of the threat of phishing attacks.

HIMSS conducts the survey each year to identify attack trends, security weaknesses, and areas where healthcare organizations need to improve their cybersecurity defenses. This year’s survey confirmed that phishing remains the number one threat faced by healthcare organizations and the extent that email is involved in healthcare data breaches.

This year’s study was conducted on 166 healthcare IT leaders between November and December 2018. Respondents were asked questions about data breaches and security incidents they had experienced in the past 12 months, the causes of those breaches, and other cybersecurity matters.

Phishing attacks are pervasive in healthcare and a universal problem for healthcare providers and health plans of all sizes. 69% of significant security incidents at hospitals in the past 12 months used email as the initial point of compromise. Overall, across all healthcare organizations, email was involved in 59% of significant security incidents.

The email incidents include phishing attacks, spear phishing, whaling, business email compromise, and other email impersonation attacks. Those attacks resulted in network breaches, data theft, email account compromises, malware infections, and fraudulent wire transfers.

When asked about the categories of threat actors behind the attacks, 28% named ‘online scam artists’ and 20% negligence by insiders. Online scam artists include phishers who send hyperlinks to malicious websites via email. It was a similar story the previous year when the survey was last conducted.

Given the number of email-related breaches it is clear that anti-phishing defenses in healthcare need to be improved. HIPAA requires all healthcare employees to receive security awareness training, part of which should include training on how to identify phishing attacks. While this is a requirement for compliance, a significant percentage (18%) of healthcare organizations do not take this further and are not conducting phishing simulations, even though they have been shown to improve resilience against phishing attacks by reinforcing training and identifying weaknesses in training programs.

The continued use of out of date and unsupported software was also a major concern. Software such as Windows Server and Windows XP are still extensively used in healthcare, despite the number of vulnerabilities they contain. 69% of respondents admitted still using legacy software on at least some machines. When end users visit websites containing exploit kits, vulnerabilities on those devices can easily be exploited to download malware.

It may take some time to phase out those legacy systems, but improving healthcare email security is a quick and easy win. HIMSS recommends improving training for all employees on the threat from phishing with the aim of decreasing click rates on phishing emails. That is best achieved through training, phishing simulations, and better monitoring of responses to phishing emails to identify repeat offenders.

At TitanHQ, we can offer two further solutions to improve healthcare email security. The first is an advanced spam filtering solution that blocks phishing emails and prevents them from being delivered to inboxes. The second is a solution that prevents employees from visiting phishing and other malicious websites such as online scams.

SpamTitan is an advanced anti-phishing solution that scans all incoming emails using a wide range of methods to identify malicious messages. The solution has a catch rate in excess of 99.9% with a false positive rate of just 0.03%. The solution also scans outbound messages for spam signatures to help identify compromised email accounts.

WebTitan Cloud is a cloud-based web filtering solution that blocks attempts by employees to visit malicious websites, either through web surfing or responses to phishing emails. Should an employee click on a link to a known malicious site, the action will be blocked before any harm is caused. WebTitan also scans websites for malicious content to identify and block previously known phishing websites and other online scams. Alongside robust security awareness training programs, these two solutions can help to significantly improve healthcare email security.

For further information on TitanHQ’s healthcare email security and anti-phishing solutions, contact TitanHQ today.

LockerGoga Ransomware Suspected in Altran Cyberattack

The French engineering firm Altran Technologies has been grappling with a malware infection that hit the firm on January 24, 2019.

Immediately following the malware attack, Altran shut down its network and applications to prevent the spread of the infection and to protect its clients. Technical and computer forensics experts are now assisting with the investigation. The Altran cyberattack has affected operations in some European countries and the firm is currently working through its recovery plan.

A public announcement has been made about the attack although the malware involved has not been officially confirmed. Some cybersecurity experts believe the attack involved a new ransomware variant named LockerGoga which emerged in the past few days.

LockerGoga ransomware was first identified on January 24 in Romania and subsequently in the Netherlands. It was named by MalwareHunterTeam, based on the path used for compiling the source code into an executable.

LockerGoga ransomware does not appear to be a particularly sophisticated malware variant. Security researcher Valthek, who analyzed the malware, claimed the code was ‘sloppy’, the encryption process was slow, and little effort appears to have been made to evade detection. The ransomware appends encrypted files with the .locked file extension.

The ransomware note suggests that companies are being targeted although it is currently unclear how the ransomware is being distributed.

LockerGoga ransomware encrypts a wide range of file types and, depending on the command line argument, may target all files. Since the encryption process is slow, fast detection and remediation will limit the damage caused. Failure to detect the ransomware and take prompt action to mitigate the attack could prove costly. The ransomware can spread laterally through network connections and network shares, resulting in widespread file encryption.

The ransomware had a valid certificate that was issued to a UK firm by Comodo Certificate Authority. The certificate has since been revoked.

LockerGoga ransomware is currently being detected as malicious by 46/69 AV engines on VirusTotal, including Bitdefender, the primary AV engine used by SpamTitan.

Allscripts EHR Breach Highlights Need for Improved Ransomware Protections for Healthcare Organizations

The massive Allscripts EHR breach in January 2018 resulted in massive disruption for the company and its clients. Clients were locked out of their electronic health records for several days while the company battled to recover from the attack. Around 1,500 of the company’s clients were affected.

The cost of mitigating the ransomware attack was considerable, and in addition to those costs, the Allscripts EHR breach prompted many clients to take legal action. The costs continue to mount.

The Allscripts EHR breach involved SamSam ransomware, which has plagued the healthcare industry over the past couple of years. The threat actors behind the attacks typically gain access to healthcare networks through RDP vulnerabilities and deploy the ransomware manually after scouting the network. This way, maximum damage can be inflicted, which increases the probability of the ransom being paid.

The Allscripts EHR breach certain stands out as one of the most damaging ransomware attacks of 2018, although it was just one of many healthcare ransomware attacks in 2018 involving many ransomware variants.

According to Beazley Breach Response Services, ransomware attacks more than doubled in September. Many cybercriminals have switched to cryptocurrency mining malware, but the ransomware attacks on healthcare organizations are continuing and show no sign of slowing.

In recent months, there has been a growing trend of combining malware variants to maximize the profitability of attacks. Ransomware is a quick and easy way for cybercriminals to earn money but combining ransomware with other malware variants is much more profitable. Further, if files are recovered from backups and no ransom is paid, cybercriminals can still profit from the attacks.

Several campaigns have been detected recently that combine Trojans such as AZORult, Emotet and Trickbot with ransomware. Attacks with these Trojans have increased by 132% since 2017 according to Malwarebytes. The Trojans steal sensitive information through keylogging, are capable lateral movement within a network, and also serve as downloaders for other malware such as Ryuk and GandCrab ransomware. Once information has been stolen, the ransomware payload is deployed.

The Allscripts EHR breach was somewhat atypical. It is far more common for ransomware to be delivered via email than brute force attacks on RDP. The campaigns combining Emotet, Trickbot, and AZORult with ransomware are primarily delivered by email.

In addition to ransomware attacks, phishing attacks are rife in healthcare. Email was the most common location of exposed protected health information in 2018. Email security is a weak point in healthcare defenses.

The number of successful ransomware and phishing attacks in healthcare make it clear that email security needs to improve. An advanced spam filter to block malicious emails, improved end user training is required to teach employees how to recognize email threats, intrusion detection systems need to be deployed, along with powerful anti-virus solutions. Only by implementing layered defenses to block email attacks and other attack vectors will healthcare organizations be able to reduce the risk of ransomware attacks.

Why SMB Cybersecurity Protections Need to be Improved

SMB cybersecurity protections do not need to be advanced as those of large enterprises, but improvements need to be made to ensure smaller businesses are protected. The risk of a cyberattack is not theoretical. While large businesses are having their defenses regularly tested, small to medium sized businesses are also being attacked. And alarmingly often.

Large businesses may store much higher volumes of valuable data, but they also tend to invest heavily in the latest cybersecurity technologies and have dedicated teams to oversee security. Cyberattacks are therefore much harder to pull off. SMBs are much easier targets. Cyberattacks may be less profitable, but they are easier and require less effort.

SMB Cyberattacks are Increasing

A 2017 SCORE study confirmed the extent to which hackers are attacking SMBs. Its study of macro-based malware showed there had been at least 113,000 attacks on SMBs in 2017 and 43% of those attacks were on SMBs. SMBs suffered at least 54,000 ransomware attacks in 2017 and online banking attacks were highly prevalent in the SMB sector.

The 2018 State of Cybersecurity in Small and Medium Size Businesses study, conducted by the Ponemon Institute, painted an even bleaker picture for SMBs. The study suggests SMBs face the same cybersecurity risks as larger businesses and are being attacked almost as often. In its study, 67% of SMB respondents reported having experienced a cyberattack in the past 12 months and 58 had suffered a data breach. Alarmingly, almost half of respondents (47%) said they had little or no understanding about how SMB cyberattacks could be prevented.

The study revealed 60% of successful cyberattacks were the result of employee negligence, hackers were behind 37% of breaches, and for 32% of cyberattacks the cause could not be established.

The high number of successful cyberattacks makes it clear that SMB cybersecurity needs to be improved. Unfortunately, many SMBs simply don’t have the budget to pay for expensive cybersecurity solutions and a lack of skilled staff is also an issue. So, given these restraints, where should SMBs start?

Where to Start with SMB Cybersecurity

Improving SMB cybersecurity does not necessarily mean hiring skilled cybersecurity staff and spending heavily on state-of-the-art cybersecurity solutions. The best place to start is by ensuring basic cybersecurity best practices are adopted. Highly sophisticated cyberattacks are becoming more common, but many successful attacks are the result of basic cybersecurity failures.

These include the failure to implement password policies that enforce the use of strong passwords, not changing all default passwords, or not using a unique password for each account. Implementing 2-factor authentication is a quick way to improve security, as is the setting of rate limiting to lock accounts after a set number of failed login attempts.

Many successful cyberattacks start with a phishing email. An advanced spam filtering solution is therefore essential. This will ensure virtually all malicious messages are blocked and are not delivered to end users. A web filter also offers protection against phishing by preventing employees from visiting phishing websites. It will also block web-based attacks and malware downloads. Both of these SMB cybersecurity solutions can be implemented at a low cost. It costs just a few dollars per year, per employee, to implement SpamTitan and WebTitan.

A little training goes a long way. Employees should be provided with cybersecurity training and should be taught how to identify email and web-based threats. There are plenty of free and low-cost resources for SMBs to help them train their employees. US-CERT is a good place to start.

Good backup policies are an essential part of SMB cybersecurity. In the event of a cyberattack or ransomware attack, this will prevent catastrophic data loss. A good strategy to adopt is the 3-2-1 approach. Three copies of backups, on two different types of media, with one copy stored securely off-site. Also make sure backups are tested to ensure file recovery is possible.

Once the basics have been covered, it is important to conduct a security audit to discover just how secure your network and systems are. Many managed service providers can assist with security audits and assessments if you do not have sufficiently skilled staff to perform an audit inhouse.

Improvements to SMB cybersecurity will carry a cost but bear in mind that an ounce of security is worth a pound of protection and investment in cybersecurity will prove to be much less expensive than having to deal with a successful cyberattack.

Easy to Implement Anti-Phishing Solutions for MSPs

To protect their clients from phishing attacks, Managed Service Providers (MSPs) need to provide a comprehensive range of cybersecurity solutions. This post explores the risks from phishing and suggests some easy to implement anti-phishing solutions for MSPs to add to their security offerings.

Phishing is the Number One Cyber Threat Faced by SMBs

Phishing is the number one cyber threat faced by businesses and one of the hardest to defend against. All it takes is for an employee to respond to a single phishing email for a costly data breach to occur. The consequences for the company can be severe.

Email accounts contain a wide range of sensitive information. A phishing attack on a UnityPoint Health hospital in Des Moines, IA, in 2018 saw the protected health information of 1.4 million patients compromised.  Also in 2018, a phishing attack on the Boys Town National Research Hospital saw one account compromised that contained the information of more than 105,300 patients. Phishing emails are also used to introduce malware and ransomware. These attacks can be even more damaging and costly to mitigate.

The healthcare industry is extensively targeted by phishers due to the high value of healthcare data, although all industry sectors are at risk. In response to the high number of cyberattacks and the current threat levels, the Trump administration recently launched the “Know the Risk, Raise your Shield” campaign. The campaign aims to raise awareness of the threat from phishing and other attack methods and encourage private businesses to do more to improve their defenses.

Phishing will continue to be a major threat to businesses for the foreseeable future. Attacks will continue because they require relatively little skill to conduct, phishing is highly effective, and attacks can be extremely lucrative.

Easy to Implement Anti-Phishing Solutions for MSPs

There is no single solution that will provide total protection against phishing attacks. Businesses need layered defenses, which provides an opportunity for MSPs. SMBs can struggle to implement effective defenses against phishing on their own and look to MSPs for assistance.

MSPs that can provide a comprehensive anti-phishing package will be able to protect their clients, prevent costly phishing attacks, and generate more business. Effective anti-phishing controls are also an easy sell. Given the cost of mitigating attacks, the package is likely to pay for itself. But what solutions should be included in MSPs anti-phishing offerings?

Listed below are three easy-to-implement anti-phishing solutions for MSPs to offer to their clients, either individually or part of an anti-phishing security package.

Advanced Spam Filtering

Advanced spam filtering solutions are essential. They block phishing emails on the server before they can be delivered to inboxes or employees’ spam folders. An advanced spam filter will block in excess of 99.9% of spam and malicious emails and by itself, is the single most important solution to implement.

SpamTitan is an ideal anti-phishing solution for MSPs. This cloud-based solution supports an unlimited number of domains, all of which can be protected through an easy to use interface. The solution supports per domain administrators, with each able to implement elements of their own email such as searches and release of messages from quarantine. Reports can be generated per domain and those reports can be automatically sent to clients. The solution can be fully rebranded to take MSP logos and color schemes, and the solution can be hosted in a private cloud.

Security Awareness Training and Testing

While the majority of malicious emails will be blocked at source, a very small percentage may slip through the net. It is therefore essential for employees to be aware of the risks from phishing and to have the skills to identify potential phishing emails. MSPs can help their clients by providing a staff training program. Many security awareness training companies offer MSP programs to help manage training for clients and a platform to conduct phishing simulation exercises to test security awareness.

DNS-Based Web Filtering

Even with training, some employees may be fooled by phishing emails. This is to be expected, since many phishing campaigns use messages which are highly realistic and virtually indistinguishable from genuine emails. Spam filters will block malicious attachments, but a web filter offers protection from malicious hyperlinks that direct users to phishing websites.

A DNS-based web filter blocks attempts by employees to access phishing websites at the DNS-level, before any content is downloaded. When an employee clicks on a phishing email, they will be directed to a block screen rather than the phishing website. Being DNS-based, web filters are easy to implement and no appliances are required.

WebTitan is an ideal web filtering solution for MSPs. WebTitan can be configured in just a couple of minutes and can protect all clients from web-based phishing attacks, with the solution managed and controlled through a single easy-to-use interface. Reports can be automatically scheduled and sent to clients, and the solution is available in full white-label form ready for MSPs branding. A choice of hosting solutions is also offered, and the solution can connect with deployment, billing and management tools through APIs.

For further information on TitanHQ’s anti-phishing solutions for MSPs, contact the TitanHQ team today and enquire about joining the TitanHQ Alliance program.

Does 2-Factor Authentication Stop Phishing Attacks?

2-factor authentication is an important safeguard to prevent unauthorized account access, but does 2-factor authentication stop phishing attacks?

What is 2-Factor Authentication?

2-Factor authentication is commonly used as an additional protection measure to prevent accounts from being accessed by unauthorized individuals in the event that a password is compromised.

If a password is disclosed in a phishing attack or has otherwise been obtained or guessed, a second authentication method is required before the account can be accessed.

Two-factor authentication uses a combination of two different methods of authentication, commonly something a person owns (device/bank card), something a person knows knows (a password or PIN), and/or something a person has (fingerprint, iris scan, voice pattern, or a token).

The second factor control is triggered if an individual, authorized or otherwise, attempts to login from an unfamiliar location or from a device that has not previously been used to access the account.

For instance, a person uses their laptop to connect from a known network and enters their password. No second factor is required. The same person uses the same device and password from an unfamiliar location and a second factor must be supplied. If the login credentials are used from an unfamiliar device, by a hacker for instance that has obtained a username and password in a phishing attack, the second factor is also required.

A token or code is often used to verify identity, which is sent to a mobile phone. In such cases, in addition to a password, an attacker would also need to have the user’s phone.

Does 2-Factor Authentication Stop Phishing Attacks?

So, does 2-factor authentication stop phishing attacks from succeeding? In many cases, it does, but 2-factor authentication is not infallible. While it was once thought to be highly effective at stopping unauthorized account access, opinion is now changing. It is certainly an important additional, low-cost layer of security that is worthwhile implementing, but 2-factor authentication alone will not prevent all phishing attacks from succeeding.

There are various methods that can be used to bypass 2-factor authentication, for instance, if a user is directed to a phishing page and enters their credentials, the hacker can then use those details in real-time to login to the legitimate site. A 2FA code is sent to the user’s device, the user then enters that code into the phishing page. The attacker then uses the code on the legitimate site.

This 2-factor authentication bypass is somewhat cumbersome, but this week a phishing tool has been released that automates this process. The penetration testing tool was created by a Polish researcher named Piotr Duszynski, and it allows 2FA to be bypassed with ease.

The tool, named Modlishka, is a reverse proxy that has been modified for handling login page traffic. The tool sits between the user and the target website on a phishing domain. When the user connects to the phishing page hosting this tool, the tool serves content from the legitimate site – Gmail for instance – but all traffic passes through the tool and is recorded, including the 2FA code.

The user supplies their credentials, a 2-factor code is sent to their phone, and that code is entered, giving the attacker account access.

It is an automated version of the above bypass that only requires a hacker to have a domain to use, a valid TLS certificate for the domain, and a copy of the tool. No website phishing templates need to be created as they are served from the genuine site. Since the tool has been made available on Github, the 2FA bypass could easily be used by hackers.

Additional Controls to Stop Phishing Attacks

To protect against phishing, a variety of methods must be used. First, an advanced spam filter is required to prevent phishing emails from reaching inboxes. SpamTitan, for instance, blocks more than 99.9% of spam and phishing emails.

Fewer than 0.1% of emails may make it past the spam filter, but any one could result in an account compromise. Security awareness training should therefore be provided to employees to help them identify suspicious emails.

Unfortunately, people do make mistakes and phishing emails can be highly realistic, so it is wise to also implement a web filter.

A web filter will block attempts to connect to known phishing sites and can assess sites in real time to help determine their authenticity. If the checks fail, the user will be prevented from accessing the site.

These anti-phishing controls are now essential cybersecurity measures for businesses to protect against phishing attacks, and are all the more important since 2FA cannot be relied upon to protect against unauthorized access once a password has been compromised.

You can find out more about SpamTitan and WebTitan by contacting TitanHQ.

Importance of WiFi Filtering for Protecting Your Brand

There are many costs associated with cyberattacks and data breaches, but one of the hardest to quantify is damage to a brand. Brand damage following a data breach is one of the most serious issues, and one that money cannot easily resolve.

Businesses can invest in cybersecurity solutions to prevent further security breaches, but when customers lose trust in a brand, they will simply take their business elsewhere. Winning customers back can be a long process. In many cases, once trust in a brand is lost, customers will leave and never return.

Consumers Expect Businesses to Protect Their Personal Data

If a company asks consumers to provide them with personal data, it is essential that steps are taken to ensure that information remains private and confidential. Consumers believe that any company that collects personal data has an obligation to protect it. A Ponemon Institute study in 2017 confirmed that to be the case. 71% of consumers believed companies that collect personal data have a responsibility to protect it. When a cyberattack occurs that results in the exposure or theft of personal data, consumers are naturally angry at a company for failing to take sufficient precautions to keep their data private.

The same survey revealed that following a data breach, two thirds of consumers lost trust in the breached company and almost a third of consumers said they had terminated their relationship with a brand following a data breach. Companies that were surveyed reported customer churn rates increased up to 7% following a breach. Another study suggests customer loss is more severe and up to 20% of customers have switched brands after their personal information was stolen from a company they did business with. A 2017 study by Gemalto suggests those figures are very conservative. The Gemalto study suggested 70% of customers would switch brands following a data breach.

Loss of Trust in a Brand can have Catastrophic Consequences

Large businesses may be able to weather the storm and regain customer trust over time, but smaller businesses can really struggle. On top of the considerable costs of mitigating a data breach, a loss of anywhere between 20% and 70% of customers would likely be the final nail in the coffin. Loss of customer trust is part of the reason why 60% of SMBs fold within 6 months of a data breach (National Cyber Security Alliance).

Blocking cyberattacks and preventing data breaches requires investment in cybersecurity solutions. Naturally, an advanced firewall is required, and solutions should be introduced to block the most common attack vectors – email for instance – but one area of cybersecurity that is often overlooked is WiFi filtering. WiFi filtering and protecting your brand go hand in hand.

WiFi Filtering and Protecting your Brand

The importance of WiFi Filtering for protecting your brand should not be underestimated. Implementing a web filtering solution shows your customers that you care about security and want to ensure they are protected when they access the Internet through your WiFi network. By implementing a WiFi filter you can prevent customers from downloading malware and ransomware and stop them from connecting to phishing websites.

A WiFi filter can also prevent users from accessing illegal content on your WiFi network. There have been cases of businesses having Internet access terminated by their ISPs over illegal online activity by users – the accessing of banned web content or copyright infringing downloads for instance.

One of the most important uses of a WiFi filter is to prevent users from accessing unacceptable content such as pornography. There is growing pressure on businesses to prevent adult content from being accessed on WiFi networks that are used by customers. McDonalds decided to implement a WiFi filter in 2016 following campaigns by consumers to make its access points family-friendly and in 2018 Starbucks was pressured into doing the same. The coffee shop chain will finally start filtering the internet on its WiFi networks in 2019.

A WiFi filter will also prevent employees from visiting malicious websites and downloading malware that gives criminals access to your internal networks and customer data, thus preventing costly, reputation damaging data breaches.

Businesses that fail to block web-based attacks are taking a major risk, and an unnecessary one considering the low cost of WiFi filtering.

For further information on WiFi Filtering and protecting your brand, contact the TitanHQ team today. Our cybersecurity experts will explain how WebTitan can protect your business and will be happy to schedule a product demonstration and help you set up a free trial of WebTitan to evaluate the solution in your own environment.

Phishing Attacks on Retailers and Food Industry Install Remote Access Trojans

There has been an increase in phishing attacks on retailers, supermarket chains, and restaurants in recent weeks. The aim of the phishing attacks is to deliver remote access Trojans and remote manipulator software to gain persistent access to computers and, ultimately, obtain banking credentials and sensitive customer data on POS systems.

Several new campaigns have been detected in recent weeks targeting retail and food sector companies, both of which are well into the busiest time of the year. With employees working hard, it is likely that less care will be taken opening emails which gives cybercriminals an opportunity.

PUB Files Used in Phishing Attacks on Retailers

Over the past few weeks, security researchers have noted an uptick in phishing attacks on retailers, with one threat group switching to using.pub files to install malware. Many phishing attacks use Word documents containing malicious macros. The use of macros with .pub files is relatively uncommon. The change to this new attachment type may fool employees, as they will be less likely to associate these files with cyberattacks.

Social engineering techniques are used to fool end users into opening the files, with the .pub files masquerading as invoices. Many emails have been intercepted that appear to have been sent from within a company, which helps to make the files appear genuine.

If opened, the .pub files, via malicious macros, run Microsoft Installer (MSI) files that deliver a remote access Trojan. Since these installers will most likely be familiar to end users, they may not realize the installers are malicious. Further, the MSI files are time delayed so they do not run immediately when the .pub files are opened, increasing the probability that the RAT downloads will go unnoticed.

The TA505 threat group is using this tactic to install the FlawedAmmy remote access Trojan and other malicious payloads such as Remote Manipulator System (RMS) clients.

The phishing emails used to deliver these malicious files are targeted and tailored to a specific business to increase the likelihood of success. These targeted spear phishing attacks are now becoming the norm, as threat actors move away from the spray and pray tactics of old.

Cape Cod Community College Phishing Attack Results in Theft of More Than $800,000

Phishing attacks on retailers have increased, but other industries are also at risk. Educational institutions are also prime targets, as has been highlighted by a recent phishing attack on Cape Cod Community College.

The Cape Cod Community College phishing attack involved sophisticated messages that delivered malware capable of evading the college’s anti-virus software. The malware was used to obtain the banking credentials of the college, and once those credentials had been obtained, the hackers proceeded to make fraudulent transfers and empty bank accounts. Transfers totaling $807,130 were made, and so far, the college and its bank have only been able to recover $278,887.

All too often, fraudulent transfers are not detected quickly enough to recover any funds. Once the transfers have cleared the attacker-controlled bank accounts are emptied, after which the probability of recovering funds falls to near zero.

Defense in Depth the Key to Phishing Protection

Email is the primary vector used to phish for sensitive information and deliver malware to businesses. Regardless of whether businesses use local email systems or cloud-based email services such as Office 365, advanced spam filtering controls are required to block threats. For instance, SpamTitan blocks more than 99.9% of spam email and 100% of known malware. SpamTitan also uses heuristics, machine learning, and Bayesian analysis to identify previously unseen threats – One of the areas of weakness of Office 365’s anti-phishing defenses.

Network segmentation is also essential. Critical services must be separated to ensure that the installation of malware or ransomware on one device will not allow the attackers to gain access to the entire network. This is especially important for retailers and other businesses with POS systems. Network segmentation will help to keep POS systems and the financial data of customers secure.

Advanced endpoint protection solutions offer far greater protection than standard antivirus solutions and are less reliant on malware signatures. Standard AV solutions will only block known malware. With standard AV solutions, new malware variants can easily slip through the net.

End user security awareness training should be mandatory for all employees and training needs to be a continuous process. A once a year training session is no longer sufficient. Regular training throughout the year is required to ensure employees are made aware of the latest threats and tactics being used to gain access to login credentials and install malware.

For further information on improving email security to improve protection against phishing attacks, contact the TitanHQ team today.

TrickBot Malware Updated with POS Data Stealing Capabilities

A new module has been added to TrickBot malware that adds point-of-sale (POS) data collection capabilities.

TrickBot is a modular malware that is being actively developed. In early November, TrickBot was updated with a password stealing module, but the latest update has made it even more dangerous, especially for hotels, retail outlets, and restaurants: Businesses that process large volumes of card payments.

The new module was identified by security researchers at Trend Micro who note that, at present, the module is not being used to record POS data such as credit/debit card numbers. Currently, the new TrickBot malware module is only collecting data about whether an infected device is part of a network that supports POS services and the types of POS systems in use. The researchers have not yet determined how the POS information will be used, but it is highly likely that the module is being used for reconnaissance. Once targets with networks supporting POS systems have been identified, they will likely be subjected to further intrusions.

The new module, named psfin32, is similar to a previous network domain harvesting module, but has been developed specifically to identify POS-related terms from domain controllers and basic accounts. The module achieves this by using LDAP queries to Active Directory Services which search for a dnsHostName that contains strings such as ‘pos’, ‘retail’, ‘store’, ‘micros’, ‘cash’, ‘reg’, ‘aloha’, ‘lane’, ‘boh’, and ‘term.’

The timing of the update, so close to the holiday period, suggests the threat actors are planning to take advantage of the increase in holiday trade and are gathering as much information as possible before the module is used to harvest POS data.

The recent updates to TrickBot malware have been accompanied by a malicious spam email campaign (identified by Brad Duncan) which is targeting businesses in the United States. The malspam campaign uses Word documents containing malicious macros that download the TrickBot binary.

Protecting against TrickBot and other information stealing malware requires a defense-in-depth approach to cybersecurity. The main attack vector used by the threat actors behind TrickBot is spam email, so it is essential for an advanced anti-spam solution to be deployed to prevent malicious messages from being delivered to end users’ inboxes. End user training is also essential to ensure employees are made aware of the danger of opening emails from unknown senders, launching suspicious email attachments, and clicking hyperlinks in those messages.

Antivirus solutions and endpoint security controls should also be deployed to identify and quarantine potentially malicious files in case malware makes it past perimeter defenses.

Dec 5, 2018 Webinar: Find Out About a More Cost-Effective Alternative to Cisco OpenDNS

There is a more cost-effective alternative to Cisco OpenDNS that provides total protection against web-based threats at a fraction of the price of OpenDNS. If you are currently running OpenDNS or have yet to implement a web filtering solution, you can find out about this powerful web filtering solution in a December 5, 2018 webinar.

Cybersecurity defenses can be implemented to secure the network perimeter, but employees often take risks online that can lead to costly data breaches. The online activities of employees can easily result in malware, ransomware, and viruses being downloaded. Employees may also respond to malicious adverts (malvertising) or visit phishing websites where they are relieved of their login credentials.

Mitigating malware infections, dealing with ransomware attacks, and resolving phishing-related breaches have a negative impact on the business and the resultant data breaches can be incredibly costly. Consequently, the threat from web-based attacks cannot be ignored.

Fortunately, there is an easy solution that offers protection against web-based threats by carefully controlling the web content that their employees can access: A DNS-based web filter.

DNS-based web filtering requires no hardware purchases and no software downloads. Within around 5 minutes, a business will be able to control employee internet access and block web-based threats. Some DNS-based web filters such as OpenDNS can be costly, but there is a more cost-effective alternative to Cisco OpenDNS.

TitanHQ and Celestix Networks will be running a joint webinar to introduce an alternative to Cisco OpenDNS – The WebTitan-powered solution, Celestix WebFilter Cloud.

Celestix will be joined by Rocco Donnino, TitanHQ EVP of Strategic Alliances, and Senior Sales Engineer, Derek Higgins who will explain how the DNS-based filtering technology offers total protection from web-based threats at a fraction of the cost of OpenDNS.

The webinar will be taking place on Wednesday December 5, 2018 at 10:00 AM US Pacific Time

Advance registration is required. You can register for the webinar on this link.

HTTPS Phishing Websites Now Account for Half of All Phishing Sites

There has been a steady increase in HTTPS phishing websites over the past couple of years, mirroring the transition from HTTP to HTTPS on commercial websites. HTTPS sites are those that have SSL/TLS certificates and display a green padlock next to the URL. The green padlock is an indicator of site security. It confirms to website visitors that the connection between their browser and the website is encrypted. This provides protection against man-in-the-middle attacks by ensuring data sent from the browser to the website cannot be intercepted and viewed by third parties.

HTTPS websites are now used by a large number of businesses, especially e-commerce website owners. This has become increasingly important since search engines such as Google Chrome provide clear indications to Internet users that sites may not be secure if the connection is not encrypted.

This is all good of course, but there is one caveat. Users have been told to look for the green padlock to make sure a site is secure, but the green padlock is viewed by many Internet users as a sign that the site is secure and legitimate. While the former is true, the latter is not. The green padlock does not mean that the site is genuine and just because it is displayed next to the URL it does not mean the site is safe.

If the website is controlled by a cybercriminal, all the green padlock means is that other cybercriminals will not be able to intercept data. Any information entered on the website will be divulged to the criminal operating that site.

It stands to reason for HTTPS phishing websites to be used. If Internet users are aware that HTTPS means insecure, they will be less likely to enter sensitive information if the green padlock is not present. Unfortunately, free SSL certificates can easily be obtained to turn HTTP sites into HTTPS phishing websites.

According to PhishLabs, back in Q1, 2016, fewer than 5% of phishing websites used HTTPS. By Q3, 2016, the percentage started to rise sharply. By Q1, 2017, the percentage had almost reached 10%, and by Q3, 2017, a quarter of phishing websites were using HTTPS. The 30% milestone was passed around Q1, 2018, and at the end of Q3, 2018, 49% of all phishing sites were using HTTPS.

A PhishLabs survey conducted late last year clearly highlighted the lack of understanding of the meaning of the green padlock. 63% of consumers surveyed viewed the green padlock as meaning the website was legitimate, and 72% saw the website as being safe. Only 18% of respondents correctly identified the green padlock as only meaning communications with the website were encrypted.

It is important for all Internet users to understand that HTTPS phishing websites not only exist, but before long the majority of phishing websites will be on HTTPS and displaying the green padlock. A conversation about the true meaning of HTTPS is long overdue and it is certainly something that should be covered in security awareness training sessions.

It is also now important for businesses to deploy a web filtering solution that is capable of SSL inspection – The decryption, scanning, and re-encryption of HTTPS traffic to ensure that access to these malicious websites is blocked. In addition to reading content and assessing websites to determine whether they are malicious, SSL inspection ensures site content can be categorized correctly. This ensures that sites that violate a company’s acceptable usage policies are blocked.

There is a downside to using SSL inspection, and that is the strain placed on CPUs and a reduction in Internet speeds. SSL inspection is therefore optional with many advanced web filters. To ensure that the strain is reduced, IT teams should use whitelisting to prevent commonly used websites from being subjected to SSL filtering.

WebTitan Includes SSL Filtering to Block HTTPS Phishing Websites

WebTitan is a powerful web filtering solution for SMBs and managed service providers (MSPs) that provides protection against web-based threats. There are three products in the WebTitan family – WebTitan Gateway, WebTitan Cloud, and WebTitan Cloud for Wi-Fi; all of which include SSL filtering as standard. If SSL filtering is activated, users will be protected against HTTPS phishing websites and other malicious sites that have SSL certificates.

All WebTitan products can be installed in minutes, require no technical knowledge, and have been designed to be easy to use. An intuitive user interface places all information, settings, and reports at users’ fingertips which makes for easy enforcement of acceptable Internet usage polices and fast reporting to identify potential issues – employees browsing habits and users that are attempting to bypass filtering controls for instance.

Whether you are an MSP that wants to start offering web filtering to your clients or a SMB owner that wants greater protection against web-based threats, the WebTitan suite of products will provide all the features you need and will allow you to improve security and employee productivity, reduce legal liability, and create a safe browsing environment for all users of your wired and wireless networks.

For further information on WebTitan, details of pricing, web filtering advice, to book a product demonstration, or to register for a free trial of the product, contact TitanHQ today.

 

How Can MSPs Make Office 365 More Profitable?

Reselling Office 365 doesn’t offer much in the way of profit for MSPs, although there are benefits for MSPs that come from offering Office 365 and it is possible to make Office 365 more profitable.

Before explaining where the margin is for MSPs in Office 365, let’s first take a look at the benefits for MSPs from offering Office 365.

Benefits for MSPs from Offering Office 365 to Clients

SMBs are increasingly moving from on-premises solutions to the cloud and Office 365 is one of the most popular cloud services. Office 365 now has more than 135 million commercial monthly users and that number is growing rapidly.

MSPs may not be able to make much from Office 365 alone, but by providing Office 365 MSPs can win more business and gain a competitive advantage. There is no outlay involved with offering Office 365 to clients, the product is great and meets clients’ needs, and money can be made from handling Office 365 migrations.

MSPs can also benefit from migrating existing clients from Exchange or SBS Exchange to Office 365. Office 365 is far easier to manage so they stand to save a great deal of time on troubleshooting and maintenance, which can be a major headache with Exchange.

By offering Office 365 you can win more business, reduce operational costs, and stay competitive. However, the best way to make money from Office 365 is through add-on services.

How MSPs Can Make Office 365 More Profitable

The margins for MSPs on Office 365 are rather thin to say the least. Many MSPs find that offering Office 365 on its own doesn’t provide any profit at all. Charging extra per license to improve profitability is an option, but clients could just go direct to avoid the extra cost.

The margins may be small, but managing Office 365 does not require a great deal of effort. You may only make around 50c or $1 per user but sign up enough clients and you could get a reasonable return. There is an opportunity for profit at scale; however, to make a decent return you need to sell services around Office 365.

One of the best ways to make Office 365 more profitable is by offering additional security services. Security is an area where Office 365 can be significantly improved, especially spam filtering. Microsoft has incorporated a spam filter and anti-phishing protections into Office 365, but they fall short of the protection offered by a dedicated third-party spam filter.

Phishing is the number one security threat faced by businesses and Office 365 anti-phishing protections leave a lot to be desired. By offering enhanced spam and phishing protection through a third-party spam filter, not only can MSPs make a decent margin on the add-on solution, by blocking phishing attacks and malware at source, a considerable amount of time can be saved on support.

There are plenty of other opportunities for selling third-party solutions to make up for the lack of options in Office 365. Email archiving is an easy sell and a quick win for MSPs. An email archive is important for compliance and security, saves on storage space, and improves efficiency, and gives clients access to emails from any location.

Spam filtering, email archiving, web filtering, and encryption can be bundled together as an enhanced security package, with each element providing a decent return for MSPs. Given the cost of mitigating a data breach, by preventing breaches, an enhanced security offering will pay for itself. Consequently, Office 365 security should be an easy sell.

Office 365 MSP Add-ons from TitanHQ

For more than 20 years TitanHQ has been developing innovative security solutions for businesses. Today, more than 7,500 businesses are protected by TitanHQ security solutions and more than 2,000 MSPs have signed up to the TitanHQ Alliance Program.

All TitanHQ solutions have been developed from the ground to meet the needs of the SMB marketplace and MSPs. TitanHQ’s spam filtering solution – SpamTitan, email archiving solution – ArcTitan, and web filtering solution – WebTitan, save MSPs support and engineering time, have great margins, and can be easily integrated into MSPs security stacks to make Office 365 more profitable.

To find out more about TitanHQ’s MSP offerings, for details of pricing and MSP margins, contact the TitanHQ Alliance Program team today and take the first step toward making Office 365 more profitable.

New Dharma Ransomware Variant Detected

A new Dharma ransomware variant has been developed that is currently evading detection by the majority of antivirus engines. According to Heimdal Security, the latest Dharma ransomware variant captured by its researchers was only detected as malware by one of the 53 AV engines on VirusTotal.

Dharma ransomware (also known as CrySiS) first appeared in 2006 and is still being developed. This year, several new Dharma ransomware variants have been released, each using new file extensions for encrypted files (.bip, .xxxxx, .like, java, .arrow, .gamma, .arena, .betta, and .tron to name but a few). In the past two months alone four new Dharma ransomware variants have been detected.

The threat actors behind Dharma ransomware have claimed many victims in recent months. Successful attacks have been reported recently by Altus Baytown Hospital in Texas, the Arran brewery in Scotland, and the port of San Diego.

While free decryptors for Dharma ransomware have been developed, the constant evolution of this ransomware threat rapidly renders these decryptors obsolete.  Infection with the latest variants of the ransomware threat only give victims three options: pay a sizeable ransom to recover files, restore files from backups, or face permanent file loss.

The latter is not an option given the extent of files that are encrypted. Restoring files from backups is not always possible as Dharma ransomware can also encrypt backup files and can delete shadow copies. Payment of a ransom is not advised as there is no guarantee that files can or will be decrypted.

Protecting against ransomware attacks requires a combination of policies, procedures, and cybersecurity solutions. Dharma ransomware attacks are mostly conducted via two attack vectors: The exploitation of Remote Desktop protocol (RDP) and via email malspam campaigns.

The latest Dharma ransomware variant attacks involve an executable file being dropped by a .NET file and HTA file. Infections occur via RDP-enabled endpoints using brute force attempts to guess passwords. Once the password is obtained, the malicious payload is deployed.

While it is not exactly clear how the Arran brewery attack occurred, a phishing attack is suspected. Phishing emails had been received just before file encryption. “We cannot be 100 percent sure that this was the vector that infection occurred through, but the timing seems to be more than coincidental,” said Arran Brewery’s managing director Gerald Michaluk.

To protect against RDP attacks, RDP should be disabled unless it is absolutely necessary. If RDP is required, access should only be possible through a VPN and strong passwords should be set. Rate limiting on login attempts should be configured to block login attempts after a set number of failures.

Naturally, good backup policies are essential. They will ensure that file recovery is possible without payment of a ransom. Multiple copies of backups should be made with one copy stored securely off site.

To protect against email-based attacks, an advanced spam filter is required. Spam filters that rely on AV engines may not detect the latest ransomware variants. Advanced analyses of incoming messages are essential.

SpamTitan can improve protection for businesses through combination of two AV engines and predictive techniques to block new types of malware whose signatures have not yet been uploaded to AV engines.

For further information on SpamTitan and protecting your email gateway from ransomware attacks and other threats, speak to TitanHQ’s security experts today.

What are the Top Phishing Lures of 2018?

Phishing is the number one security threat faced by businesses. In this post we explore why phishing is such as serious threat and the top phishing lures that are proving to be the most effective at getting employees to open malicious attachments and click on hyperlinks and visit phishing websites.

Phishing is the Biggest Security Threat Faced by Businesses

Phishing is a tried and tested social engineering technique that is favored by cybercriminals for one very simple reason. It is very effective. Phishing emails can be used to fool end users into installing malware or disclosing their login credentials. It is an easy way for hackers to gain a foothold in a network to conduct further cyberattacks on a business.

Phishing works because it targets the weakest link in security defenses: End users. If an email is delivered to an inbox, there is a relatively high probability that the email will be opened. Messages include a variety of cunning ploys to fool end users into taking a specific action such as opening a malicious email attachment or clicking on an embedded hyperlink.

Listed below are the top phishing lures of 2018 – The messages that have proven to be the most effective at getting end users to divulge sensitive information or install malware.

Top Phishing Lures of 2018

Determining the top phishing lures is not straightforward. Many organizations are required to publicly disclose data breaches to comply with industry regulations, but details of the phishing lures that have fooled employees are not usually made public.

Instead, the best way to determine the top phishing lures is to use data from security awareness training companies. These companies have developed platforms that businesses can use to run phishing simulation exercises. To obtain reliable data on the most effective phishing lures it is necessary to analyze huge volumes of data. Since these phishing simulation platforms are used to send millions of dummy phishing emails to employees and track responses, they are useful for determining the most effective phishing lures.

In the past few weeks, two security awareness training companies have published reports detailing the top phishing lures of 2018: Cofense and KnowBe4.

Top Phishing Lures on the Cofense Platform

Cofense has created two lists of the top phishing lures of 2018. One is based on the Cofense Intelligence platform which collects data on real phishing attacks and the second list is compiled from responses to phishing simulations.

Both lists are dominated by phishing attacks involving fake invoices. Seven out of the ten most effective phishing campaigns of 2018 mentioned invoice in the subject line. The other three were also finance related: Payment remittance, statement and payment. This stands to reason. The finance department is the primary target in phishing attacks on businesses.

The list of the top phishing lures from phishing simulations were also dominated by fake invoices, which outnumbered the second most clicked phishing lure by 2 to 1.

Rank Phishing Subject/Theme Number of Reported Emails
1 Attached Invoice 4,796
2 Payment Notification 2,267
3 New Message in Mailbox 2,088
4 Online Order (Attachment) 679
5 Fax Message 629
6 Secure Message (MS Office Macro) 408
7 Online Order (Hyperlink) 399
8 Confidential Scanned document (Attachment) 330
9 Conversational Wire transfer (BEC Scam) 278
10 Bill Copy 251

 

Top Phishing Lures on the KnowBe4 Platform

KnowBe4 has released two lists of the top phishing lures of Q3, 2018, which were compiled from responses to simulated phishing emails and real-world phishing attempted on businesses that were reported to IT security departments.

The most common real-world phishing attacks in Q3 were:

Rank Subject
1 You have a new encrypted message
2 IT: Syncing Error – Returned incoming messages
3 HR: Contact information
4 FedEx: Sorry we missed you.
5 Microsoft: Multiple log in attempts
6 IT: IMPORTANT – NEW SERVER BACKUP
7 Wells Fargo: Irregular Activities Detected on Your Credit Card
8 LinkedIn: Your account is at risk!
9 Microsoft/Office 365: [Reminder]: your secured message
10 Coinbase: Your cryptocurrency wallet: Two-factor settings changed

 

The most commonly clicked phishing lures in Q3 were:

Rank Subject % of Emails Clicked
1 Password Check Required Immediately 34%
2 You Have a New Voicemail 13%
3 Your order is on the way 11%
4 Change of Password Required Immediately 9%
5 De-activation of [[email]] in Process 8%
6 UPS Label Delivery 1ZBE312TNY00015011 6%
7 Revised Vacation & Sick Time Policy 6%
8 You’ve received a Document for Signature 5%
9 Spam Notification: 1 New Messages 4%
10 [ACTION REQUIRED] – Potential Acceptable Use Violation 4%

 

The Importance of Blocking Phishing Attacks at their Source

If login credentials to email accounts, Office 365, Dropbox, and other cloud services are obtained by cybercriminals, the accounts can be plundered. Sensitive information can be stolen and Office 365/email accounts can be used for further phishing attacks on other employees. If malware is installed, cybercriminals can gain full control of infected devices. The cost of mitigating these attacks is considerable and a successful phishing attack can seriously damage a company’s reputation.

Due to the harm that can be caused by phishing, it is essential for businesses of all sizes to train staff how to identify phishing threats and implement a system that allows suspicious emails to be reported to security teams quickly. Resilience to phishing attacks can be greatly improved with an effective training program and phishing email simulations. It is also essential to deploy an effective email security solution that blocks threats and ensures they are not delivered to inboxes.

SpamTitan is a highly effective, easy to implement email filtering solution that blocks more than 99.9% of spam and phishing emails and 100% of known malware through dual anti-virus engines (Bitdefender and ClamAV). With SpamTitan protecting inboxes, businesses are less reliant on their employees’ ability to identify phishing threats.

SpamTitan subjects each incoming email to a barrage of checks to determine if a message is genuine and should be delivered or is potentially malicious and should be blocked. SpamTitan also performs checks on outbound emails to ensure that in the event that an email account is compromised, it cannot be used to end spam and phishing emails internally and to clients and contacts, thus helping to protect the reputation of the business.

Improve Office 365 Email Security with SpamTitan

There are more than 135 million subscribers to Office 365, and such high numbers make Office 365 a big target for cybercriminals. One of the main ways that Office 365 credentials are obtained is through phishing. Emails are crafted to bypass Office 365 defenses and hyperlinks are used to direct end users to fake Office 365 login pages where credentials are harvested.

Businesses that have adopted Office 365 are likely to still see a significant number of malicious emails delivered to inboxes. To enhance Office 365 security, a third-party email filtering control is required. If SpamTitan is installed on top of Office 365, a higher percentage of phishing emails and other email threats can be blocked at source.

To find out more about SpamTitan, including details of pricing and to register for a free trial, contact the TitanHQ team today. During the free trial you will discover just how much better SpamTitan is at blocking phishing attacks than standard Office 365 anti-spam controls.

New Office 365 Threat Uses Windows Components to Install Banking Trojans

A new Office 365 threat has been detected that stealthily installs malware by hiding communications and downloads by abusing legitimate Windows components.

New Office 365 Threat Uses Legitimate Windows Files to Hide Malicious Activity

The attack starts with malspam containing a malicious link embedded in an email. Various themes could be used to entice users into clicking the link, although one recent campaign masquerades as emails from the national postal service in Brazil.

The emails claim the postal service attempted to deliver a package, but the delivery failed as there was no one in. The tracking code for the package is included in the email and the user is requested to click the link in the email to receive the tracking information.

In this case, clicking the link will trigger a popup asking the user to confirm the download of a zip file, which it is alleged contains the tracking information. If the zip file is extracted, the user is required to click on a LNK file to receive the information. The LNK file runs cmd.exe, which executes a Windows Management Instrumentation (WMI) file: wmic.exe. This legitimate Windows file will be used to communicate with the attacker’s C2 server and will create a copy of another Windows file – certutil.exe in the %temp% folder with the name certis.exe. A script then runs which instructs the certis.exe file to connect to a different C2 server to download malicious files.

The aim of this attack is to use legitimate Windows files to download the malicious payload: A banking Trojan. The use of legitimate Windows files for communication and downloading files helps the attackers bypass security controls and install the malicious payload undetected.

These Windows files have the capability to download other files for legitimate purposes, so it is hard for security teams to identify malicious activity. This campaign targets users in Brazil, but this Office 365 threat should be a concern for all users as other threat actors have also adopted this tactic to install malware.

Due to the difficultly distinguishing between legitimate and malicious wmic.exe and certutil.exe activity, blocking an office 365 threat such as this is easiest at the initial point of attack: Preventing the malicious email from being delivered to an inbox and providing security awareness training to employees to help them identify this Office 365 threat. The latter is essential for all businesses. Employees can be turned into a strong last line of defense through security awareness training. The former can be achieved with a spam filtering solution such as SpamTitan. SpamTitan will prevent the last line of defense from being tested.

How to Block this Office 365 Threat with SpamTitan and Improve Email Security

Microsoft uses several techniques to identify malspam and prevent malicious messages from reaching users’ inboxes; however, while efforts have been made to improve the effectiveness of the spam filtering controls of Office 365, many malicious messages are still delivered.

To improve Office 365 security, a third-party spam filtering solution should be used. SpamTitan has been developed to allow easy integration into Office 365 and provides superior protection against a wide range of email threats.

SpamTitan uses a variety of methods to prevent malspam from being delivered to end users’ inboxes, including predictive techniques to identify threats that are misidentified by Office 365 security controls. These techniques ensure industry-leading catch rates in excess of 99.9% and prevent malicious emails from reaching inboxes.

How SpamTitan Spam Filtering Works

How SpamTitan Protects Businesses from Email Threats

Security Solutions for MSPs to Block Office 365 Threats

Many MSPs resell Office 365 licenses to their customers. Office 365 allows MSPs to capture new business, but the margins are small. By offering additional services to enhance Office 365 security, MSPs can make their Office 365 offering more desirable to businesses while improving the profitability of Office 365.

TitanHQ has been developing innovative email and web security solutions for more than 25 years. Those solutions have been developed from the ground up with MSPs for MSPs. Three solutions are ideal for use with Office 365 for compliance ad to improve security – SpamTitan email filtering, WebTitan web filtering, and ArcTitan email archiving.

By incorporating these solutions into Office 365 packages, MSPs can provide clients with much greater value as well as significantly boosting the profitability of offering Office 365.

To find out more about each of these solutions, speak to TitanHQ. The MSP team will be happy to explain how the products work, how they can be implemented, and how they can boost margins on Office 365.

Webinar: TitanHQ and Datto Explain Bullet Proofing Managed Networks to MSPs

TitanHQ, the leading provider of web filtering, spam filtering, and email archiving solutions for managed service providers (MSPs) recently formed a strategic partnership with Datto Networking, the leading provider of MSP-delivered IT solutions to SMBs.

The partnership has seen TitanHQ’s advanced web filtering technology incorporated into the Datto Networking Appliance to ensure all users benefit from reliable and secure internet access.

TitanHQ’s web filtering technology provides enhanced protection from web-based threats while allowing acceptable internet usage policies to be easily enforced for all users at the organization, department, user group, or user level.

On October 18, 2018, Datto and TitanHQ will be hosting a webinar to explain the enhanced functionality of the Datto Networking Appliance to MSPs, including a deep dive into the new web filtering technology.

Webinar: Datto Networking & Titan HQ Deliver Enhanced Web Content Filtering
Date: Thursday, October 18th
Time: 11AM ET | 8AM PT | 4PM GMT/BST

Speakers: John Tippett, VP, Datto Networking; Andy Katz, Network Solutions Engineer; Rocco Donnino, EVP of Strategic Alliances, TitanHQ

Click here to sign up for the webinar

Iceland Police Spoofed in Sophisticated Phishing Scam

Police in Iceland have said a highly sophisticated phishing attack is the largest ever cyberattack the country has ever experienced. The campaign saw thousands of messages sent that attempted to get Icelanders to install a remote access tool that would give the attackers full access to their computers.

The software used in this campaign is a legitimate remote access tool called Remcos. Remcos is used to allow remote access to a computer, often for the purpose of providing IT support, for surveillance, or as an anti-theft tool for laptop computers. However, while it was developed for legitimate use, because it gives the administrator full control over the computer once installed, it has significant potential to be used for malicious purposes. Unsurprisingly, Remcos has been used by cybercriminals in several malware campaigns in the past, often conducted via spear phishing campaigns. One notable attack involved the spoofing of the Turkish Revenue Administration, Turkey’s equivalent of the IRS, to get the RAT installed to provide access to victim’s computers.

The use of Remcos for malicious purposes violates the terms and conditions of use. If discovered, the developer can block the customer’s license to prevent use of the software. However, during the time that Remcos is present on a system, considerable harm can be caused – sabotage, theft of sensitive information, installation of malicious software, and file encryption with ransomware to name but a few.

As was the case in Turkey, the phishing campaign in Iceland attempted to fool end users into installing the program through deception. In this case, the emails claimed to have come from the Icelandic Police. The emails used fear to get recipients of the message to click a link in the email and download the remote access tool.

The emails informed the recipients that they were required to visit the police for questioning. Urgency was added by informing the recipient of the message that an arrest warrant would be issued if they failed to respond. Clicking the link in the email directed the user to what appeared to be the correct website of the Icelandic police. The website was a carbon copy of the legitimate website and required the visitor to enter their Social Security number along with an authentication code sent in the email to find out more information about the police case.

In Iceland, Social Security numbers are often required on websites to access official services, so the request would not appear unusual. On official websites, Social Security numbers are checked against a database and are rejected if they are not genuine. In this case, the attacker was also able to check the validity of the SSN, which means access to a database had been gained, most likely an old database that had been previously leaked or the attacker may have had legitimate access and misused the database.

After entering the information, a password protected archive was downloaded which allegedly contained documents with details of the case. The webpage provided the password to unlock the password protected archive, which contained a .scr file disguised as a Word document.

In this case, the RAT was augmented with a VBS script to ensure it ran on startup. The RAT had keylogging and password stealing capabilities and was used to steal banking credentials. After gaining access to banking credentials, the information was sent back to command and control servers in Germany and the Netherlands.

While the campaign looked entirely legitimate, a common trick was used to fool recipients of the email, which number in the thousands. The domain used in the attack closely resembled the official police website, logreglan.is but contained a lower case i instead of the second l – logregian.is.  A casual glance at the sender of the email or the domain name in the address bar would unlikely reveal the domain was not genuine. Further, the link in the email replaced the lower case i with a capital I, which is almost impossible to distinguish from a lower-case L.

The Icelandic police responded quickly to the attack and the malicious domain was taken down the following day. It is unknown how may people fell for the scam.

Ransomware is Still the Main Malware Threat Warns Europol

Cybercriminals have turned to cryptocurrency mining malware as an easy, low-risk way of making money although ransomware is still the main malware threat according to Europol.

While it was common for large-scale spam email campaigns to be sent to random recipients to spread ransomware, tactics used to infect devices with the file-encrypting malware are changing.

There has been a decline in the use of ‘spray and pray’ spam campaigns involving millions of messages toward targeted attacks on businesses. Organized cybercriminal gangs are researching victims and are conducting highly targeted attacks that first involve compromising a network before manually deploying ransomware.

The cybercriminal group behind SamSam ransomware has been particularly prolific. Companies that have failed to address software vulnerabilities are attacked and access is gained to their networks. The SamSam group also conducts brute force attacks on RDP to gain access to business networks. Once access is gained, ransomware is manually installed on as many computers as possible, before the encryption routine is started across all infected devices. With a large number of devices encrypted, the ransom demand can be much higher – Typically around $50,000 per company. The group has collected at least $6 million in ransom payments to date.

Europol warns that ransomware attacks will continue to be a major threat over the following years, although a new threat is emerging – cryptojacking malware. This form of malware is used to hijack computer processors to mine cryptocurrency. Europol warns that if the rise in the use of cryptojacking malware continues it may overtake ransomware and become the biggest malware threat.

Not only does cryptojacking offer considerable rewards, in many cases use of the malware is not classed as illegal, such as when it is installed on websites. This not only means that cybercriminals can generate considerable profits, but the risk involved in these types of attacks is far lower than using ransomware.

Cybercriminals are still extensively using social engineering techniques to fool consumers and employees into disclosing sensitive personal information and login credentials. Social engineering is also extensively used to trick employees into making fraudulent bank transfers. Phishing is the most common form of social engineering, although vishing – voice phishing – and smishing – SMS phishing are also used. Europol notes that social engineering is still the engine of many cybercrimes.

While exploit kits have been extensively used to silently download malware, Europol notes that the use of exploit kits continues to decline. The main attack vectors are spam email and RDP brute-forcing.

As-a-service cyberattacks continue to be a major problem. DDoS-as-a-service and ransomware-as-a-service allow low-level and relatively unskilled individuals to conduct cyberattacks. Europol recommends law enforcement should concentrate on locating and shutting down these criminal operations to make it much harder for low-level criminals to conduct cyberattacks that would otherwise be beyond their skill level.

With spam email still a major attack vector, it is essential for businesses to implement cybersecurity solutions to prevent malicious emails from being delivered to inboxes and ensure cybersecurity best practices are adopted to make them less susceptible to attack. With phishing the main form of social engineering, anti-phishing training for employees is vital.

RDP attacks are now commonplace, so steps must be taken by businesses to block this attack vector, such as disabling RDP if it is not required, using extremely strong passwords for RDP, limiting users who can login, configuring account lockouts after a set number of failed login attempts, and using RDP gateways.

Cybercrime Losses in Germany Estimated to be €43 Billion

With the largest economy, the United States is naturally a major target for cybercriminals. Various studies have been conducted on the cost of cybercrime in the United States, but little data is available on cybercrime losses in Germany – Europe’s largest economy.

The International Monetary Fund produces a list of countries with the largest economies. In 2017, Germany was ranked fourth behind the United States, China, and Japan. Its GDP of $3,68 trillion represents 4.61% of global GDP.

A recent study conducted by Germany’s federal association for Information Technology – BitKom – has placed a figure on the toll that cybercrime is taking on the German economy.

The study was conducted on security chiefs and managers at Germany’s top 503 companies in the manufacturing sector. Based on the findings of that survey, BitKom estimated cybercrime losses in Germany to be €43 billion ($50.2 billion). That represents 1.36% of the country’s GDP.

Extrapolate those cybercrime losses in Germany and it places the global cost of cybercrime at $1 trillion, substantially higher than the $600 billion figure estimate from cybersecurity firm McAfee and the Center for Strategic and International Studies (CSIS) in February 2018. That study placed the global percentage of GDP lost to cybercrime at between 0.59% and 0.80%, with GDP losses to cybercrime across Europe estimated to be between 0.79 to 0.89% of GDP.

Small to Medium Sized Businesses Most at Risk

While cyberattacks on large enterprises have potential to be highly profitable for cybercriminals, those firms tend to have the resources available to invest heavily in cybersecurity. Attacks on large enterprises are therefore much more difficult and time consuming. It is far easier to target smaller companies with less robust cybersecurity defenses.

Small to medium sized businesses (SMBs) often lack the resources to invest heavily in cybersecurity, and consequently are far easier to attack. The BitKom study confirmed that these companies, which form the backbone of the economy in Germany, are particularly vulnerable to cyberattacks and have been extensively targeted by cybercriminals.

It is not only organized cybercriminal groups that are conducting these attacks. Security officials in Germany have long been concerned about attacks by well-resourced foreign spy agencies. Those agencies are using cyberattacks to gain access to the advanced manufacturing techniques developed by German firms that give them a competitive advantage. Germany is one of the world’s leading manufacturing nations, so it stands to reason that the German firms are an attractive target.

Cybercriminals are extorting money from German firms and selling stolen data on the black market and nation-state sponsored hackers are stealing proprietary data and technology to advance manufacturing in their own countries. According to the survey, one third of companies have had mobile phones stolen and sensitive digital data has been lost by a quarter of German firms. 11% of German firms report that their communications systems have been tapped.

Attacks are also being conducted to sabotage German firms. According to the study, almost one in five German firms (19%) have had their IT and production systems sabotaged through cyberattacks.

Businesses Must Improve Their Defenses Against Cyberattacks

“With its worldwide market leaders, German industry is particularly interesting for criminals,” said Achim Berg, head of BitKom. Companies, SMBs in particular, therefore need to take cybersecurity much more seriously and invest commensurately in cybersecurity solutions to prevent cybercriminals from gaining access to their systems and data.

According to Thomas Haldenweg, deputy president of the BfV domestic intelligence agency, “Illegal knowledge and technology transfer … is a mass phenomenon.”

Preventing cyberattacks is not straightforward. There is no single solution that can protect against all attacks. Only defense-in-depth will ensure that cybercriminals and nation-state sponsored hacking groups are prevented from gaining access to sensitive information.

Companies need to conduct regular, comprehensive organization-wide risk analyses to identify all threats to the confidentiality, integrity, and availability of their data and systems. All identified risks must then be addressed through a robust risk management process and layered defenses implemented to thwart attackers.

One of the main vectors for attack is email. Figures from Cofense suggest that 91% of all cyberattacks start with a malicious email. It stands to reason that improving email security should be a key priority for German firms. This is an area where TitanHQ can help.

TitanHQ is a provider of world-class cybersecurity solutions for SMBs and enterprises that block the most commonly used attack vectors. To find out more about how TitanHQ’s cybersecurity solutions can help to improve the security posture of your company and block email and web-based attacks, contact the TitanHQ sales team today.

Leading MSPs are Reaping the Rewards from Security-as-a-Service

Managed service providers (MSPs) are discovering the huge potential for profit from offering security-as-a-service to their clients. Managed security services are now the biggest growth area for the majority of leading MSPs, with security-as-a-service well ahead of cloud migration, cloud management, and managed Office 365 services according to a recent survey conducted by Channel Futures.

Channel Futures conducted the survey as part of its annual MSP 501 ranking initiative, which ranks MSPs based on their ability to act on current trends and ensure they remain competitive in the fast-evolving IT channel market. The survey evaluated MSP revenue growth, hiring trends, workforce dynamics, service deliverables, business models, and business strategies.

The survey revealed that by far the biggest growth area is managed security services. Security-as-a-service was rated the biggest growth area by 73% of MSPs. 55% of MSPs said professional services were a major growth area, 52% said Office 365, and 51% said consulting services.

It is no surprise that security-as-a-service is proving so popular as the volume of attacks on enterprises and SMBs has soared. Cybercriminals are attacking enterprises and SMBs trying to gain access to sensitive data to sell on the black market. Attacks are conducted to sabotage competitors, nation-state-sponsored hackers are attempting to disrupt critical infrastructure, and data is being encrypted to extort money. There is also a thriving market for proprietary data and corporate secrets.

The cost of mitigating attacks when they succeed is considerable. For enterprises, the attacks can make a significant dent in profits, but cyberattacks on SMBs can be catastrophic. A study conducted by the National Cyber Security Alliance suggests as many as 60% of SMBs go out of business in the 6 months following a hacking incident.

Enterprises and SMBs alike have had to respond to the increased threat by investing heavily in security, but simply throwing money at security will not necessarily mean all security breaches are prevented. Companies need to employee skilled IT security professionals to implement, monitor and maintain those cybersecurity solutions, conduct vulnerability scans, and identify and address security gaps. Unfortunately, there is a major shortage of skilled staff and attracting the right talent can be next to impossible. Faced with major challenges, many firms have turned to MSPs to and have signed up for security-as-service offerings.

Forward-thinking MSPs have seized the opportunity and are now providing a comprehensive range of managed security services to meet the needs of their clients. They are offering a wide range of tools and services from phishing protection to breach mitigation services; however, for many MSPs, developing such a package is not straightforward.

Security-as-a-service is in high demand, but MSPs must be able to package the right services to meet customers’ needs and have a platform that can handle the business end. They too must attract the staff who can implement, monitor, and manage those services for their clients.

When devising a security-as-a-service offering, one option is to use a common security architecture for all clients and provide them with a range of solutions from the same provider. Many companies have implemented a slew of different security tools from multiple providers, only to discover they are still experiencing breaches. It is a relatively easy sell to get them to move over to a system where all the component parts are seamlessly integrated and to benefit from an MSP’s expertise in managing those solutions. There is a risk of course that clients will just choose to go direct rather than obtain those services from an MSP. This single platform strategy has been adopted by Liberty Technology – ranked 242 in the MSP 501 list – and is working well, especially for clients that have fewer than 1,000 employees.

At the other end of the spectrum is Valiant Technologies, ranked 206 in the MSP 501 list. Valiant has chosen a wide range of products from multiple cybersecurity solution providers and has built a unique package of products for its security service.

The products were chosen for the level of protection they offered and how well they work together. This approach has been a success for the firm. “Providing a bundle of offerings from different vendors that work well together is the most effective way for an MSP to retain its role as a trusted adviser,” said the firm’s CEO Tom Clancy. The security service has been added to other business services provided by the MSP and has proved to be an easy sell to clients.

ComTec Solutions, which ranked in position 248 in the MSP 501 list, is still deciding on the best way forward. The provision of security-as-a-service is a no brainer, but the company is currently assessing whether it is worthwhile building a security operations center (SOC) and becoming a managed security service provider (MSSP) or outsourcing the SOC service.

There are several different approaches to take when developing a managed security service offering. What is vital is that such a service is provided. The MSP 501 survey has shown that the most successful MSPs have responded to demand and are now helping their clients secure their networks through their security-as-a-service offerings. Those MSPs are clearly reaping the rewards.

If you are an MSP that is considering developing a security-as-a-service offering, be sure to speak to TitanHQ about its world-class cloud-based security solutions for MSPs – WebTitan and SpamTitan – and find out how they can be integrated into your security stack.

WhatsApp Phishing: Attacks Soar as Criminals Take Advantage of Lack of Anti-Phishing Protections

While the majority of phishing attempts are conducted via email, there has been a significant rise in the use of other communications platforms such messaging services, with WhatsApp phishing scams now increasing in popularity amongst phishers.

WhatsApp phishing attacks are common for two main reasons. First is the sheer number of people that are on the platform. In January 2018, the number of monthly users of WhatsApp worldwide reached 1.5 billion, up from 1 billion users six months previously. Secondly, is the lack of anti-phishing measures to prevent malicious messages from being delivered.

Many businesses have implemented spam filtering solutions such as SpamTitan, while personal users are benefiting by significant improvements to spam filtering on webmail services such as Gmail. Spam filtering solutions are highly effective at identifying phishing emails and other malicious messages and send them to the spam folder rather than delivering them to inboxes.

Messaging services often lack spam filtering controls. Therefore, malicious messages have a much greater chance of being delivered. Various tactics are used to entice recipients to click the links in the messages, usually an offer of a free gift, an exceptionally good special offer on a product – the new iPhone for instance – or a money off voucher or gift card is offered.

The messages contain a link that directs the recipient to the phishing website. The link usually contains a preview of the website, so even if a shortlink is used for the URL, the recipient can see some information about the site. A logo may be displayed along with the page title. That makes it much more likely that the link will be clicked.

Further, the message often comes from a known individual – A person in the user’s WhatsApp contact list. When a known individual vouches for the site, the probability of the link being clicked is much greater.

To add further legitimacy to the WhatsApp phishing scams, the websites often contact fake comments from social media sites confirming that a gift card has been won or a reward has been received. Some of those comments are positive, and some are neutral, as you would expect from a real prize draw where not everyone is a winner.

The websites used in WhatsApp phishing scams often use HTTPS, which show a green tick next to the URL to show that the site is ‘secure.’ Even though the green tick is no guarantee of the legitimacy of a site, many people believe the green tick means the site is genuine.

Gift cards are often given out for taking part in legitimate surveys, so the offer of either a gift card or entry into a free draw is not out of the ordinary. In return, the visitor to the site is required to answer some standard questions and provide information that would allow them to be contacted – their name, address, phone number, and email address for instance.

The information gathered through these sites is then used for further phishing attempts via email, telephone, or snail mail which aim to obtain even more personal information. After completing the questions, the website may claim that the user has one, which requires entry of bank account information or credit card details… in order for prize money to be paid or for confirmation of age.

These WhatsApp phishing scams often have another component which helps to spread the messages much more efficiently to other potential victims. Before any individual can claim their free prize or even submit their details for a prize draw, they must first agree to share the offer with some of their WhatsApp contacts.

If you receive an unsolicited link from a contact that offers a free gift or money-off voucher, there is a high chance it may not be genuine and is a WhatsApp phishing scam. If an offer seems too good to be true, it most likely is.

Why Are Email Account Compromises Soaring and How Can Email Accounts Be Protected?

The past year has seen a steady increase in the number of reported email account compromises, with the healthcare industry one of the main targets for hackers.

Some of those breaches have seen the protected health information of thousands of patients compromised, with the largest phishing attack in 2018 – The phishing attack on Boys Town National Research Hospital – seeing more than 105,000 patients’ healthcare information exposed. Due to reporting requirements under HIPAA, healthcare phishing attacks are highly visible, although email account compromises are occurring across all industry sectors and the problem is getting worse.

284% Increase in Email Account Compromises in a Year

The increase in successful phishing attacks has been tracked by Beazley, a provider of specialist insurance services. The company’s research shows the number of reported phishing attacks increased every quarter since Q1, 2017 when there were 45 reported breaches that involved email accounts being compromised. In Q2, 2018, there were 184 email account compromises reported. Between Q1, 2017 and Q1, 2018, the number of reported data breaches involving compromised email accounts increased by 284%.

Why are email account compromises increasing? What do hackers gain from accessing email accounts rather than say, gaining access to networks which store vast amounts of data?

It can take a significant amount of time and effort to identify a vulnerability such a missed patch, an exposed S3 bucket, or an unsecured medical device, and exploit it.

By comparison, gaining access to an email account is relatively easy. Once access is gained, accessing further email accounts becomes easier still. If a hacker can gain access to an email account with the right level of administrative privileges, it may be possible for the entire mail system of an organization to be accessed.

If a hacker can gain access to a single email account, the messages in the account can be studied to gain valuable information about a company, its employees, and vendors. The hackers can identify further targets within an organization for spear phishing campaigns – termed Business Email Compromise (BEC) attacks – and attacks on contractors and suppliers.

Once One Account is Breached, Others Will Follow

If an executive’s email account is compromised, it can be used to send requests for wire transfers to the accounts department, HR can be emailed requesting W2-Forms that contain all the information necessary for filing fake tax returns and for identity theft. Requests can be sent via email to redirect employees’ paychecks and phishing emails can be sent to other employees directing them to websites where they have to divulge their email credentials.

Figures from the FBI show just how lucrative these Business Email Compromise (BEC) phishing attacks can be. Since October 2013, more than $12.5 billion has been lost to BEC attacks, up from $5.3 billion in December 2016.

Once access to the email system is gained, it is much easier to craft highly convincing spear phishing emails. Past email conversations can be studied, and an individual’s style of writing emails can be copied to avoid raising any red flags.

Email Account Compromises Are Costly to Resolve

Beazley also notes that email account compromises are some of the costliest breaches to resolve, requiring many hours of painstaking work to manually checking each email in a compromised account for PII and PHI. One example provided involved a programmatic search of compromised email accounts to identify PHI, yet that search uncovered 350,000 documents that required a manual check. The cost of checking those documents alone was $800,000.

Beazley also notes that when investigating breaches, the breached entity often discovers that only half of the compromised email accounts have been identified. The data breaches are usually much more extensive than was initially thought.

Unfortunately, once access to a single email account is gained, it is much harder to prevent further email compromises as technological controls are not so effective at identifying emails sent from within a company. However, it is relatively easy to block the initial phishing attempt.

How to Prevent Email Account Compromises

Many companies fail to implement basic controls to block phishing attacks. Even when a phishing-related breach is experienced, companies often remain susceptible to further breaches. The Ponemon Institute/IBM Security Cost of a Data Breach study showed there is a 27.9% probability of a company experiencing a further breach in the 24 months following a data breach.

To prevent phishing attacks, companies need to:

  • Deploy an advanced spam filtering solution that blocks the vast majority of malicious messages
  • Provide ongoing security awareness training to all staff and teach employees how to identify phishing emails
  • Conduct regular phishing simulation exercises to reinforce training and condition employees to be more security aware
  • Implement two-factor authentication to prevent attempts to access email accounts remotely
  • Implement a web filter as an additional control to block the accessing of phishing websites
  • Use strong, unique passwords or passphrases to make brute force and dictionary attacks harder
  • Limit or prevent third party applications from connecting to Office 365 accounts, which makes it harder for PowerShell to be used to access email accounts for reconnaissance.

1.4 Million Patients Potentially Affected by UnityPoint Health Phishing Attack

In recent weeks, several large healthcare data breaches have been reported that have seen cybercriminals gain access to employees’ email accounts and sensitive data, although the recently disclosed UnityPoint Health phishing attack stands out due to the huge number of individuals that have been impacted and the extent of sensitive data exposed.

UnityPoint Health is one of the largest healthcare systems serving Iowa residents. The Des Moines-based healthcare provider recently discovered that its employees have been targeted in a phishing campaign that has seen several email accounts compromised. Those email accounts contained the sensitive information of approximately 1.4 million patients.

That not only makes this the largest phishing incident to have been suffered by a U.S. healthcare provider in 2018, it is also the largest healthcare data breach of 2018 and one of the most serious phishing attacks and data breaches ever reported.

The UnityPoint Health phishing attack has seen highly sensitive data compromised, including names, addresses, health insurance information, medical record numbers, diagnoses, treatment information, lab test results, medications, providers, dates of service, Social Security numbers, driver’s license numbers and, for a limited number of patients, their payment card information.

The phishing emails were sent to employees between March 14 and April 3, 2018, although the breach was not detected until May 31. As is common in phishing attacks on businesses, access to email accounts was gained through the impersonation of a senior executive.

A series of spoofed emails were sent to employees that appeared to have come from a trusted executive’s email account. Employees who opened the email were instructed to click a link that required them to enter their email login information. That information was captured by the attackers who were then able to gain access to the employees’ email accounts.

The UnityPoint Health phishing attack potentially gave the hackers access to all the information stored in the compromised email accounts – Information that could be used for identity theft and fraud. It is unclear whether mailboxes were downloaded, although UnityPoint Health said its forensic investigation suggests that the primary goal was to divert payroll payments and to use account access to fool accounts department staff into making fraudulent wire transfers. It is unclear if any of those attempts succeeded.

This is also not the only UnityPoint Health phishing attack to be reported this year. In March, UnityPoint Health announced that 16,400 patients had been affected by a separate phishing attack that saw multiple email accounts compromised.

The latest incident has prompted the healthcare provider to implement new technology to detect phishing and BEC attacks, multi-factor authentication has been implemented, and additional security awareness training has been provided to employees. Credit monitoring and identify theft monitoring services have been offered to patients whose driver’s license or Social Security number has been exposed, and all patients have been notified by mail.

As the Ponemon Institute’s 2018 Cost of a Data Breach Study showed, the cost of these million-record+ data breaches is considerable. The average cost of such a breach was estimated to be around $40 million.

Average Data Breach Mitigation Costs Now $3.86 Million

In 2017, data breach mitigation costs fell year-on year; however, that appears to be a blip. The 2018 Cost of a Data Breach Study conducted by the Ponemon Institute (on behalf of IBM Security) has revealed data breach mitigation costs have risen once again.

The Ponemon Institute conducts the Cost of a Data Breach Study every year. For the 2018 study, the Ponemon Institute conducted interviews with 2,200 IT, data security, and compliance professionals from 477 companies in 15 countries, including the United States, United Kingdom, Germany, France, Canada, Brazil, Japan and Australia. The companies represented in the study came from a wide range of industry sectors. Each of those companies had experienced a data breach in the past 12 months.

Naturally, the larger the breach, the higher the cost of mitigation is likely to be. Breaches involving millions of records would naturally cost more to resolve than breaches of 50,000 records. Catastrophic data breaches – those involving millions of records – are not normally included in the study. This year was the first time that mega data breaches – those involving more than 1,000,000 records – were included, although they were treated separately.

The analysis of the main part of the study involved breaches ranging from 2,500 records to a little over 100,000 records. The average breach size was 24,615 records globally, 31,465 records in the United States, 22,800 records in the UK, and 19,200 records in Japan.

The costs associated with those data breaches was analyzed using the activity-based costing (ABC) methodology. The ABC methodology identified four process-related activities and assigned costs based on actual use. Those activities were Detection and Escalation, Post Data Breach Response, Breach Notifications, and Lost Business Cost. The analysis identified the average total cost of a data breach taking all four activity areas into account.

The study also revealed measures taken prior to the breach, during, and after, that can limit losses or increase data breach mitigation costs.

Average Data Breach Mitigation Costs Have Reached $3.86 Million

A data breach now costs an average of $3.86 million to revolve. Last year, the average cost of a data breach was $3.62 million. Data breach costs have therefore increased by 6.4% in the space of a year.

On average, per capita data breach mitigation costs rose by 4.8%, with a data breach costing, on average, $148 per record. Last year, the global average was $141 per record.

In addition to the rising cost, the severity of the breaches also increased, with the data breaches in this year’s sample impacting 2.2% more individuals on average.

Data breaches cost more to resolve in the United States than any other country. The average data breach mitigation costs in the United States is $7.91 million per breach. The lowest costs were in India, where the average breach cost was $1.77 million. The highest per capita costs were also in the United States at £233 per record.

Hackers and malicious insiders caused the most breaches and they were also the costliest to resolve at $157 per record. System glitches cost an average of £131 per record and breaches caused by human error cost the least at $128 per record.

Data breach costs varied considerably by industry sector, with healthcare data breach mitigation costs the highest by some distance at an average of $408 per record, followed by financial services breaches at $206 per record, services at $181 per record, and pharmaceutical industry breaches at $174 per record. Breaches in the education sector cost an average of $166 per record, retail industry breaches were $116 per record, and the lowest data breach mitigation costs were in the public sector at $75 per record.

The study of mega data breaches revealed a breach of 1 million records costs an estimated $39.49 million to resolve, while a breach of 50 million records costs an estimated $350 million. Since there were only 11 breaches of more than 1 million records in the sample it was not possible to accurately calculate the average cost of these breaches.

What Factors Affect Data Breach Mitigation Costs the Most?

For the study, 22 different factors were assessed to determine how they affected data breach mitigation costs. The most important cost saving measures that can be taken to reduce the cost of a data breach are having an incident response team ($14 less per record), widespread use of encryption ($13.1 less per record), BCM involvement ($9.3 less per record), employee training ($9.3 less per record), participation in threat sharing ($8.7 less per record) and use of an artificial intelligence platform ($8.2 less per record).

The main factors that increased data breach mitigation costs were third party involvement ($13.4 more per record), extensive cloud migration at the time of the breach ($11.9 more per record), compliance failures ($11.9 more per record), extensive use of mobile platforms ($10.0 more per record), lost or stolen devices ($6.5 more per record), and extensive use of IoT devices ($5.4 more per record).

With the cost of data breaches rising, more cyberattacks being conducted, and the likelihood of a breach being experienced now higher, it is essential not only for companies to implement layered security defenses, but also to make sure they are prepared for the worst.

Companies need to assume a breach will be experienced and policies and procedures need to be developed to deal with the breach when it happens. An incident response team should be prepared to spring into action to ensure everyone known what needs to be done when disaster strikes. The sooner a breach is identified and mitigated, the lower the breach mitigation costs will be.

Cryptojacking Attacks Replace Ransomware as Primary Threat

There has been a major increase in cryptojacking attacks in recent months. Many cybercriminal gangs now favoring this method of attack over ransomware and other forms of malware and are taking advantage of the high value of cryptocurrencies.

As with ransomware attacks, cybercriminals need to install malicious code on computers. Instead of encrypting files like ransomware, the code is used to mine for cryptocurrency. Mining cryptocurrencies involves a computers CPU being used to solve complex computational problems, which are necessary for verifying cryptocurrency transactions and adding to the blockchain. In exchange for verifying transactions, the miner is paid a small amount for the effort.

Devoting one computer to the task of cryptocurrency mining could generate a few dollars a day. Using multiple computers for the task can generate a substantial return. The more computers that are used, the more blocks can be added to the blockchain and the greater the profits. When a network of cryptocurrency mining slave computers can be amassed, the profits can be considerable. According to Kaspersky Lab, one cryptojacking gang that focusses on infecting enterprise servers and spreading the malicious code using NSA exploits, has generated around 9,000 Monero, which equates to $2 million.

Not all computers are suitable for mining cryptocurrency. One cybercriminal gang has got around this by developing malware that can decide whether to deploy a cryptocurrency miner or ransomware, with the decision based on the processing power of the computer. If its not suitable for use mining cryptocurrency, ransomware is deployed. This tactic helps maximize profits after compromising a device.

The use of cryptocurrency miners increased sharply last year as the value of cryptocurrencies started to soar. The price of those cryptocurrencies may have fallen, but cryptojacking attacks are still on the rise. The volume of new cryptojacking malware variants has also increased considerably over the past few months.  Figures from McAfee indicate the number of cryptojacking malware variants increased by a staggering 1,189% in the first three months of 2018 alone, rising from around 400,000 malware variants to more than 2.9 million.

Over the same time frame, there has been a fall in the number of ransomware attacks. In Q1, ransomware attacks fell by around 32%, indicating threat actors who previously used ransomware to make money have changed their tactics and are now using cryptocurrency miners.

Ransomware attacks falling by a third is certainly good news, although the threat from ransomware cannot be ignored. Steps must be taken to prevent the installation of the file encrypting code and good backup practices are essential to ensure files can be recovered in the event of an attack. Certain industries face a higher risk of ransomware attacks than others, such as the healthcare industry, where attacks are still rife.

Cryptojacking attacks are more widespread, although the education sector has proven to be a major target. Many mining operations have been discovered in the education sector, although it is unclear whether these mining operations are legitimate, computers are being used by students to mine cryptocurrency, or if educational institutions are being targeted.

One thing is clear. As the value of cryptocurrencies rose, the number of mining attacks increased. That suggests that should prices fall, cybercriminals will switch to other types of attacks, and there could be a resurgence in ransomware attacks.

It could be argued that the installation of cryptocurrency mining malware on a computer is far less of a problem than ransomware or other forms of malware. When the CPU is mining cryptocurrency, the user is likely to find their computer somewhat sluggish. This can result in a drop in productivity. Heavy processing can also cause computers to overheat and hardware damage can result.

Cryptojacking malware is usually installed by a downloader, which can remain on a computer. If the profits from mining cryptocurrency fall, new malware variants could easily be downloaded in its place. Cryptocurrency mining malware can also be bundled with other malware variants that steal sensitive information. Cryptojacking attacks are therefore a major threat.

Protecting against cryptojacking attacks involves the same security controls that are used to block other forms of malware. Cryptojacking malware can be installed by exploiting vulnerabilities so good patch management is essential. Spam and phishing emails are used to install malware downloaders, so an advanced spam filtering solution is a must. Web filters can prevent web-based mining attacks and malware downloads and offer an important extra layer of protection. It is also important not to neglect end users. Security awareness training can help to eradicate risky behaviors.

Additionally, security audits should be conducted, first to scan for the presence of cryptojacking malware, which includes searching for anomalies that could indicate the presence of the malware. Those audits should include servers, end points, POS systems, and all other systems. Any system connected to the network could potentially be used for mining cryptocurrency.