The rise in the value of cryptocurrencies has inevitably drawn the eye of criminals, and the concentration of crypto in the cryptocurrency exchanges has focused that attention. Coinbase is the largest exchange in the U.S., and researchers have detected numerous phishing campaigns against Coinbase users. The size/value of Coinbase is impressive. It claims to have more than 56 million verified users in more than 100 countries. Its traded volume is around $335 billion, and it has $223 billion in assets on the platform.
Authentico, The IT security company headquartered in Gothenburg, Sweden, today announced it has entered into a partnership with INKY Technology Corporation, a pioneer in next-gen email phishing protection.
According to the Japan Times, the organizing committee for the Tokyo Olympics has suffered a data breach as a consequence of Fujitsu's recent compromise. The Record reports that Cox Media livestreams were interrupted yesterday in what multiple sources tell the Record was a ransomware attack.
Experts insist that following the basic principles of cyber security will go a long way to lowering the odds of being victimized by an attacker. The latest proof is last month’s ransomware attack on Colonial Pipeline in the U.S. Hackers got in by exploiting a compromised username and password, according to an official of FireEye’s Mandiant threat intelligence service. Mandiant was called in to investigate the breach. The executive told Bloomberg News the password for a virtual private network account was no longer in use, but was still valid. That password was posted on the dark web, which raises the possibility a current or former Colonial employee used the same password on another account that had been hacked.
Researchers have discovered a new phishing campaign designed to spread ransomware and steal data by capitalizing on interest in the recent Colonial Pipeline outage. Security vendor Inky spotted the malicious emails, which said several Microsoft 365 customers were targeted.
The recent ransomware attack on Colonial Pipeline inspired a threat actor to create a new phishing lure to trick victims into downloading malicious files. The emails are targeted and tailored as urgent notifications to download and install a system update that would defend against the latest ransomware strains.
The emails ask employees to download a “ransomware update” that is actually malware. Cyberattackers are now using the notoriety of the Colonial Pipeline ransomware attack to leverage further phishing attacks, according to the findings of a cybersecurity company. It is common for attackers to use widely-covered news events to get people to click on malicious emails and links, and cybersecurity firm INKY said it recently received multiple helpdesk emails about curious emails their customers were receiving.
The move to home working provided new opportunities for phisherfolk, but as many people start to return to their offices the attackers are pivoting to exploit that too. A new report from email phishing protection specialist INKY shows attacks are capitalizing on vulnerability and the desire for accurate information about returning to the office in-person.
INKY processed 656,954,951 emails in 2020. From this data, they ranked the top 25 most-phished brands during 2020. In round numbers, that’s two-thirds of a billion. Within this pool, Inky found 4,874,096 phishing campaigns. Of those phishing campaigns, 591,293 of them were brand impersonations. Out of the brand-impersonation group, INKY found 40,903 unique campaigns.