There has been a marked rise in HTTPS phishing website detections, phishing attacks are increasing, and the threat of phishing attacks is greater than ever before.
Phishing is the biggest cyber threat that businesses must now deal with. It is the easiest way for cybercriminals to gain access to email accounts for business email compromise scams, steal credentials, and install malware.
The Threat from Phishing is Getting Worse
The Anti-Phishing Working Group – an international coalition of government agencies, law enforcement, trade associations, and security companies – recently published its phishing trends activity report for Q1, 2018. The report shows that the threat from phishing is greater than ever, with more phishing websites detected in March 2018 than at any point in the past year.
In the first half of 2017, there was an average of 48,516 phishing websites detected each month. The figure rose to 79,464 phishing websites detected on average per month in the second half of the year. In the first quarter of 2018, there was an average of 87,568 phishing websites detected, with detections peaking in March when more than 115,000 phishing sites were identified.
The number of unique phishing reports received in Q1, 2018 (262,704) was 12.45% higher than in the final quarter of 2017.
Healthcare Industry Heavily Targeted
In the United States, the Health Insurance Portability and Accountability Act (HIPAA) requires healthcare providers, health insurers, healthcare clearinghouses and business associates of HIPAA-covered entities to report breaches of protected health information within 60 days of the discovery of the breach. The main enforcer of HIPAA compliance, the Department of Health and Human Services’ Office for Civil Rights (OCR), publishes summaries of those breach reports. Those summaries show just how serious the threat from phishing is.
HIPAA-covered entities and business associates have reported 45 email hacking incidents in 2018 – 21.68% of all breaches reported.
Phishers Make the Move to HTTPS
PhishLabs, an anti-phishing vendor that provides a security awareness training and phishing simulation platform, has been tracking HTTPS phishing websites. The company has recently released figures showing there has been a sharp increase in HTTPS phishing websites in the past few months with HTTPS and SSL certificates now popular with phishers.
As businesses make the switch to HTTPS, the phishers have followed. In the final quarter of 2015, a little over 1% of all phishing websites were hosted on HTTPS. By the final quarter of 2016, the percentage had increased to a shade under 5%. By the end of the final quarter of 2017, 31% of phishing sites used HTTPS. The Q1, 2018 figures show HTTPS phishing websites now account for a third of all phishing websites.
HTTPS websites ensure the connection between the browser and the website is encrypted. This offers greater protection for website visitors as information entered on the site – such as credit card numbers – is secure and protected from eavesdropping. However, if the site is controlled by a cybercriminal, HTTPS offers no protection.
The Importance of SSL Inspection
Protecting against phishing attacks and malware downloads via HTTPS websites requires the use of a web filtering solution that performs SSL inspection. If a standard web filtering solution is used that is unable to inspect HTTPS websites, it will not protect employees from visiting malicious websites.
It is certainly possible to block users from accessing all HTTPS websites, which solves the problem of SSL inspection, but with more websites now using HTTPS, many valuable internet resources and essential websites for business could not be accessed.
While many businesses may be reluctant to implement SSL filtering due to the strain it can place on CPUs and the potential for slowing internet speed, TitanHQ has a solution. WebTitan includes HTTPS content filtering as standard to ensure businesses are protected from HTTPS phishing websites and other online threats while ensuring internet speeds are not adversely affected.
You can find out more about how you can protect your business from phishing websites by contacting the TitanHQ sales team and asking about WebTitan.