Recently, car insurance and breakdown cover provider AA faced accusations of covering up the severity of a data breach that occurred in April of this year. The AA, through their customer support Twitter, chose to downplay reports of the breach and assured users that no credit card or other sensitive data had been exposed. Data was leaked from their online shop due to a server misconfiguration. However, this server contained data on over 100,000 AA customers, and included partial credit card data. Despite knowing about this breach for over two months, it wasn’t until the cyber security community cried out in outrage that AA eventually admitted to the severity of the breach. No customers were notified by the AA directly.
Cybercrime as a Service – Online scamming courses, €10 hacking software, & much more
Everyone’s talking about cyber security these days, and there’s a seemingly endless list of protective measures to be taken to prevent cyber attacks. It can be a bit daunting, and at times hard to secure the right budget, so is all this hype about security really necessary? The short answer is – YES. The long answer is that in order to understand why cyber security has taken over the forefront of IT for businesses, you must first understand that cyber criminals are no longer just bedroom hackers; they’re a fully fledged industry.
Cybercrime costs the economy an estimated $450 billion globally
Cybercrime-as-a-Service is on the rise in a big way, with criminals constantly developing more advanced ways to steal businesses’ hard-earned cash over the internet. The industry continues to evolve and adapt and is now highly organised. All one has to do is log onto certain sites on the Dark Web and they’ll be greeted with professional hackers offering ransomware, malware, phishing, DDoS and much more as-a-service.
CEO or CFO Fraud
CEO/CFO Fraud is a phishing scam that has gained popularity in recent years, where cyber criminals hack or spoof the email address of a senior staff member and request an urgent payment to an unknown account. These phishing emails are usually sent to staff involved in the finance or accounts of the company, and request payment in a manner which is often outside normal payment procedures. These emails appear to be genuine to convince staff members to comply with the request, believing they are indeed from their company’s CEO or CFO. Once the money has been transferred to the criminal’s account, it is usually withdrawn again straight away and hidden elsewhere.
You should be extra vigilant of:
– Any payment request which is outside of normal policy or procedure, especially by email
– Any urgent or confidential request for payment transfer, especially if not respecting the standard procedure
– Any unusual request such a transfer of high amounts to an unknown account or to a country where the company does no business
If you do receive an unusual financial request by email, we strongly advise you to get verbal confirmation from the sender before taking any action.
Concerned that your organisation may be vulnerable to such phishing attacks? We’re offering a free phishing risk assessment for companies who want to find out and learn how to mitigate these dangers.
Spear-Phishing
“Spear phishing is an email or electronic communications scam targeted towards a specific individual, organisation or business. Although often intended to steal data for malicious purposes, cybercriminals may also intend to install malware on a targeted user’s computer.”
Gone are the days when the only phishing threats were from poorly spelled emails asking you to claim Clubcard points. With the cybercrime-as-a-service (CaaS) industry estimated to be worth in the billions each year, cyber criminals are becoming increasingly organised in the way they implement their attacks. Instead of sending out random emails and hoping for the best, spear-phishing involves researching a particular organisation, probing for weaknesses, then sending highly targeted, personal phishing emails. These emails may appear as if they come from your CEO, or IT manager, or even the colleague that sits next to you. It is estimated that over 90% of successful data breaches by cyber criminals started with a spear-phishing attack. The best means of prevention is to implement an ongoing cyber security awareness program, as trained staff can detect and block spear phishing attacks before it’s too late.
Cyber Essentials Accreditor Suffer Data Breach, Exposes Companies to Phishing Attacks
For those of you who may not have heard of the Cyber Essentials scheme, it is an accreditation-based program created by the UK government and backed by the industry in both the UK and Ireland, to show that basic cyber security measures have been put in place that will block most cyber attacks. It was designed as an affordable alternative to ISO27001, which may be financially out-of-reach for many small/medium enterprises, and is a requirement for any businesses that deal with the UK government. So, it may have come as a surprise to many to find out that the IASME Consortium, one of six accrediting bodies in the UK, has suffered a data breach which exposed the company names and email addresses of their applicants. While no other information such as these companies’ security configurations were leaked, the breach could well open the exposed companies to phishing attacks from cyber criminals.
