Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

A phishing (by email) and smishing (by SMS text) operation in Madrid, Seville and Guadalajara has been taken down by the National Police of Spain.

Cybercriminals are well versed in the tactic of phishing, which aim to trick users into revealing confidential information and gain unauthorized access to user accounts and compromise corporate networks. A new type of phishing attack has now emerged, known as MFA phishing, which manages to evade the key protection measures deployed by corporate networks.

A newly identified criminal organization has been observed running a large number of business email compromise (BEC) scams. Since February 2021, Abnormal Security reports the gang has been responsible for some 350 BEC campaigns against a range of companies. No particular sector is favored, but the scammers favor larger organizations, with more than 100 of the targets being multinational corporations with offices in several countries.

The InterPlanetary File System (IPFS), a distributed file-sharing system that represents an alternative to the more familiar location-based hypermedia server protocols (like HTTPS), is seeing more use in file-storage, web-hosting, and cloud services. As might be expected, more use is accompanied by more abuse via phishing attacks.

The evidence is clear – there is nothing most people and organizations can do to vastly lower cybersecurity risk than to mitigate social engineering attacks. Social engineering is involved in 70%-90% of all successful attacks. No other root cause of initial breach comes close (unpatched software is involved in 20% to 40% of attacks and everything else is in the single digits). Every person and organization should create their best possible defense-in-depth plan to fight social engineering.

The Cyberwire reported: "Barracuda released a study this morning indicating that HTML attacks have doubled since last year. The researchers note that not only is the total number of attacks increasing, but the number of unique attacks seems to be increasing as well.

Walmart’s rise to become the brand most likely to be impersonated in Q1 of this year is a real problem. If you’ve been paying attention to brand impersonation in phishing attacks, you know the premise is to use a brand that a large number of potential victims do business with as a means of both establishing credibility. For many quarters, we continually saw Microsoft and/or Microsoft 365 as the brand of choice due to its wide use.

The malwareless and seemingly benign nature of business email compromise emails, mixed with impersonation techniques, are difficult to spot as being malicious, making them even more dangerous. I’ve covered both the threat of business email compromise and response-based email attacks before. How can I not? They are prominent techniques used by phishing scammers everywhere. But it’s the reported combination of the two by Phish Labs that has me concerned.

Communications company AT&T offers email services to many of its customers. Those emails have recently been compromised by way of an interesting exploit that is costing customers millions of dollars in stolen cryptocurrency. AT&T customers are having their email accounts attacked, and those exploited email accounts are being used to steal additional data and to access cryptocurrency exchange accounts, which is a very serious issue for the impacted users.