In 2020, cybercrime has seen a dramatic evolution in ransomware attacks. This threat type has adopted increasingly malevolent tactics and targeted some of the year's most vulnerable industries. Operators are linking up, franchising their attacks, extorting their victims, then expecting organizations to believe them trustworthy. By 2021, ransomware is anticipated to cause $20 billion in loss. In...

Cybercriminals register hundreds of thousands of look-alike domains every year to impersonate reputable brands and make a profit. These domains are used for a variety of attacks including phishing emails, fraudulent websites, web traffic diversion, and malware delivery.Look-alike domains are intentionally misleading to give customers the false impression that they're interacting with trusted...

The novel coronavirus has dominated 2020, and in the cyber community, threat actors have capitalized on its impact from the beginning. In early March we saw the first of what would be an onslaught of criminal activity using the pandemic to manipulate users, and over the course of the year these attacks have been modified to reflect local and global fallout. The coronavirus has not only been used...

The Anti-Phishing Working Group (APWG), known for its collaborative analysis of phishing attacks and identify theft techniques, has released its Phishing Activity Trends Report for Q3 of 2020. Highlights from the report include more than two hundred thousand unique phishing websites detected in August and September, SSL encryption for phishing sites overtaking SSL deployment for general...

By definition, a look-alike domain is a nearly identical, slightly altered domain name, registered with intent to deceive. Cybercriminals register hundreds of thousands of look-alike domains each year with the goal of impersonating legitimate brands and making money, usually by committing fraud. In this post, we'll describe how domains help us communicate on the Internet, the anatomy of a look...

Most phishing campaigns use social engineering and brand impersonation to attempt to take over accounts and trick the victim into divulging their credentials. PhishLabs has uncovered a previously unseen tactic by attackers that uses a malicious Microsoft Office 365 App to gain access to a victim's account without requiring them to give up their credentials to the attackers.In this technique, the...

Today's enterprises are experiencing an accelerated digital transformation due to the pandemic, and adoption of initiatives that would normally span years are being fast-tracked to support remote workforces and transition to new platforms. The external digital landscape is also rapidly expanding, and organizations are being required to conduct business more frequently through non-traditional...

While paying ransoms to cybercriminals remains very controversial, the trend of ransomware groups threatening to leak sensitive data has added another layer of complexity to an already difficult decision. Should organizations pay up? Or should they refuse? According to a recent report, it may not matter. Data stolen in ransomware attacks is frequently becoming public even after the victim has...

App downloads fueled by COVID-19 lockdowns leapt to 37.5 billion in Q2 of this year, and collective global app usage is surging. Android users' screen time stands out significantly, with an increase of 25% above the weekly average from the previous year. As apps continue to be an integral part of how we conduct business and perform sensitive tasks, bad actors are using fake and unethical apps...

Malicious domains play a central role in a wide range of cyberattacks that can severely damage a brand’s reputation. Spoofed domains are often quick and inexpensive to create, making them effective tools for launching phishing campaigns and distributing malicious emails. To identify and respond to domain-based threats targeting your organization, security teams must adopt advanced, well-defined...

Threat actors are leveraging stolen data to enhance ransomware attacks. Data leaks and ransomware - once considered two distinct threats - are overlapping into a hybrid tactic known as double extortion. While traditional ransomware attacks deny access to valuable systems and data, double extortion threatens to leak sensitive data if the ransom is not paid. Data Leaks on the RiseIn Q1, more than 8...

The life of a phishing site is brief, but impactful. A study published earlier this year found the average time span between the first and last victim of a phishing attack is just 21 hours. The same study observed the average phishing site shows up in industry blocklist feeds nearly 9 hours after the first victim visit. By that time, most of the damage is done. Blocklists are an important...

With Election Day just around the corner, the Republican Party of Wisconsin revealed that $2.3M was recently stolen from election funds intended to support the re-election of President Trump. According to their statement, they are victims of a Business Email Compromise phishing attack that altered invoices to direct payments to accounts controlled by the threat actor. BEC attacks like this are...

As if the COVID-19 pandemic were not enough, the healthcare sector is now being actively targeted by threat actors using Ryuk ransomware. Yesterday, the FBI issued an increased and imminent cyber threat warning amid growing reports of healthcare providers falling victim to the campaign. The threat actors are using Trickbot (delivered via Emotet) to gain access to target systems and deploy Ryuk. ...

Widely-used URL tracking systems are often abused in phishing attacks. The domains used by these systems are commonly known and trusted, making them attractive carriers for phishing URLs. To illustrate how it works, this post breaks down a recently-observed phishing attack that uses Google Ads' tracking system to evade email filters. How it worksPiggybacking on a domain is appealing to threat...

PhishLabs is monitoring a threat actor group that has set up fraudulent hosting companies with leased IP space from a legitimate reseller. They are using this infrastructure for bulletproof hosting services as well as to carry out their own phishing attacks. The group, which is based in Indonesia, has been dubbed Planetary Reef. Planetary Reef is most notable in how they host phishing...

Threat actors employ look-alike domains in a variety of ways. While business email compromise (BEC) and phishing are among the most recognized tactics, these domains serve many other malicious purposes. The sheer range of use cases, combined with inconsistent registrar policies for domain takedown, makes mitigation a complex, time-consuming, and often ineffective process.To mitigate a malicious...