Covid-19 Is Working Well For Criminals

The coronavirus pandemic have fuelled a disturbing rise in the number of cyber-attacks. As COVID-19 pushes the legitiamte economy towards recession, the cyber crime economy appears to be surging.  Furthermore, the impact of the virus has rapidly reshaped the way business is being done on the dark web, as buyers and sellers jump on the opportunity to profit from a significant chane in supply and demand.

Some criminals on the Dark Web seem to be  changing their behavior to take advantage of the special opportunities that see before them. 

Check Point Research has published a report about cyber attacks which specifically use the coronavirus pandemic. Three weeks prior to 12 May, the company recorded 192,000 coronavirus-related cyber-attacks every week, a significant 30% increase over previous weeks. During April-May 20,000 new coronavirus-related domains appeared on the Internet, and 17% of these were malicious and or suspicious.

The scale of the problem is so unprecedented that international organisations like Interpol and the World Health Organisation (WHO) have been releasing regular alerts and bulletins for the general public on covid-19 cyber-threats. Recently, Interpol’s cybercrime programme released a report, Global Landscape On Covid19 Cyberthreats, which identifies the latest modes and threats. Online scams, phishing and disruptive malware, which includes the dreaded ransomware, are the prominent modes of attack

  • “Business Email Compromise (BEC) has become the scheme of choice, involving the spoofing of supplier and client email addresses—or use of nearly identical email addresses—to conduct attacks," Interpol says. Hashtags like #WashYourCyberHands have been trending ever since to keep users up to date about the scams evolving every second.
  • Video-conferencing apps are being impersonated while platforms like Microsoft Teams and Google Meet have also been used to attract potential victims. Recently, people fell prey to phishing emails that came with the subject. “You have been added to a team in Microsoft Teams", the Check Point Research report notes. Clicking on the URL that accompanied this email would install malware on a user’s system, compromising its security. 
  • The WHO itself has been used as a decoy with receiving emails, supposedly from WHO, offering information on safety measures to avoid infection. Some users have even opened emails that claim to be a request to donate to WHO’s COVID-19 Solidarity Response Fund. The fund does exist but WHO would never mail you from, say, a Gmail account, as was the case in this instance.

The scams are not exclusivley aimed at individual users and numerous banks, real estate companies and other institutions too have been sending out SMSes and emails, asking customers to look out for suspicious calls or emails.  Phishing and other forms of cyber attacks are here to stay and next time you get an unsolicited email or a promotion campaign that looks too good to be true, think carefully before you click on it.

CheckPoint:       LiveMint:      SC Magazine:       Financial Times

You Might Also Read: 

Half Of Lockdown Remote Workers Ignore Cyber Security:

 

« Chinese Hackers Attacked EasyJet
Artificial Intelligence Takes Microsoft Jobs »

CyberSecurity Jobsite
Check Point

Directory of Suppliers

DigitalStakeout

DigitalStakeout

DigitalStakeout enables cyber security professionals to reduce cyber risk to their organization with proactive security solutions, providing immediate improvement in security posture and ROI.

TÜV SÜD Academy UK

TÜV SÜD Academy UK

TÜV SÜD offers expert-led cybersecurity training to help organisations safeguard their operations and data.

NordLayer

NordLayer

NordLayer is an adaptive network access security solution for modern businesses — from the world’s most trusted cybersecurity brand, Nord Security. 

BackupVault

BackupVault

BackupVault is a leading provider of automatic cloud backup and critical data protection against ransomware, insider attacks and hackers for businesses and organisations worldwide.

IT Governance

IT Governance

IT Governance is a leading global provider of information security solutions. Download our free guide and find out how ISO 27001 can help protect your organisation's information.

Security Audit Systems

Security Audit Systems

Security Audit Systems is a website security specialist providing website security audits and managed web security services.

CERT Bulgaria (CERT.BG)

CERT Bulgaria (CERT.BG)

CERT Bulfaria is the National Computer Security Incidents Response Team for Bulgaria.

Usenix

Usenix

Usenix brings together the community of engineers, system administrators, scientists, and technicians working on the cutting edge of computing.

Trulioo

Trulioo

Trulioo is a leading global identity and business verification company providing secure access to data sources worldwide to instantly verify consumers and businesses online.

Approachable Certification

Approachable Certification

Approachable Certification is a UKAS accredited certification body offering down-to-earth and competitively priced audits against ISO Management Systems standards.

SmartContractAudits.com

SmartContractAudits.com

SmartContractAudits.com is the leading platform for finding companies providing smart contract auditing services.

Improsec

Improsec

Improsec is a fully independent Cyber Security advisory company - we provide knowledge, experience and both strategic and deep technical expertise to our clients.

Trustify

Trustify

Trustify is a Managed Security Service Provider offering a suite of world-class Cyber Risk Management services.

Ultra Intelligence & Communications (Ultra I&C)

Ultra Intelligence & Communications (Ultra I&C)

Ultra Intelligence & Communications provides critical, tactical capabilities that inform decision making in the most challenging environments.

Buchbinder Information Technology Solutions

Buchbinder Information Technology Solutions

Buchbinder Tunick & Company is a premier CPA and advisory firm offering a broad range of assurance, tax, business consulting and IT consulting services.

Cyber Chasse

Cyber Chasse

Cyber Chasse is an IT consulting and staffing company offering a full range of cybersecurity solutions, contract staffing services and online training courses.

Winmill Software

Winmill Software

Winmill is a technology services company that provides expert consulting services in Application Development, Application Security and Cyber Security.

Grindstone Ventures

Grindstone Ventures

Grindstone Ventures is a post-seed fund that supports post-seed equity and quasi-equity investments in early-stage innovation-driven and/or technology companies.

Sequentur

Sequentur

Sequentur is an award-winning Managed IT Services company. We are SOC 2 certified and provide Managed IT Services and Cybersecurity services to businesses nationwide.

Blue Cloud Softech Solutions

Blue Cloud Softech Solutions

Blue Cloud Softech propels inspiring digital transformations. We provide AI products, cybersecurity, healthcare technology, and cloud solutions.

Baidam Solutions

Baidam Solutions

Baidam Solutions is a 100% Australian owned and operated First Nations information technology business.