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Less Businesses Reporting Ransomware Despite Increase In Attacks

It seems that everyone in the cyber security sphere is talking about ransomware these days. Last year, attacks such as WannaCry, NotPetya and BadRabbit took the business world by storm, costing billions in damages. Ransomware is by no means a new threat (it has been around since at least 2005), but it is one of the fastest growing and most costly. Cyber crime is constantly changing, and criminals keep creating news ways to steal money. Ransomware has gotten increasingly sophisticated since 2005, but the people using and deploying it haven’t necessarily – now some cyber criminals are making more money selling high-tech ransomware strains to non-technical criminals than if they were to conduct the attacks themselves. The result is that more and more ‘hackers’ have access to ransomware and need very little technical know-how to operate it, leading to more and more ransomware attacks each year. It may come as a surprise, then, to hear that the FBI received less reports of ransomware attacks in 2017 than in 2016 and 2015, despite the increase in attacks.

The FBI reported just 1,783 reports of ransomware attacks in 2017, compared to 2,673 in 2016 and 2,453 in 2015.

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An Post Suffers Data Breach, Leaks Details of 8,000 Customers

An Post has admitted to a data breach which resulted in the data of up to 8,000 customers being provided to a third party without their knowledge or consent. The breach took place between April 2016 and September 2017, and involves the data of customers who used An Post’s online mail redirection service. An Post discovered that it had inadvertently shared these details with a Dublin-based marketing firm, Precision Marketing Information Ltd, who updated users’ details with companies they had previously done business with.

Up to 8,000 customers’ data was sent to a third party marketing company, allowing businesses that had previously contacted them to market to them at their new addresses

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Social Engineering

Social Engineering is the art of manipulating, influencing, or deceiving you in order to gain control over your computer system. The hacker might use the phone, email, snail mail or direct contact to gain illegal access. Phishing, spear-phishing and CEO Fraud are all examples.

Hoes does it work? It is often as simple as an email asking you to view an invoice, check out suspicious logins on your account, or even update your password. Cyber criminals will make these emails look as legitimate as possible, and then use social engineering to convince you to carry out the action without second-guessing the action. In more advances attack, such as spear-phishing, the emails may even appear to come from within your organisation. All of this is to convince you to do something that would allow hackers to infect your PC with ransomware or other forms of malware. Often, criminals will attempt to convince you that their email is ‘urgent’, and that something bad will happen if you do not click the link, such as you being locked out of one of your accounts. This tone of urgency is a classic social engineering ploy, and is big factor to look out for when you suspect an email may not be legitimate.

Remember: Always Think Before You Click

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“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.

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ICO Less Likely to Issue Fines to Companies Who Train Staff

The Information Commissioner’s Office in the UK has issued a statement that organisations who train their staff in data security will be less likely to receive a fine or monetary penalty. The ICO recommends that at least 80% of an organisation’s staff are trained on how to handle sensitive data and keep it secure from data breaches, with a spokeswoman stating that “reasonable steps” must be taken to secure data, with “full account of the facts” taken into consideration in the event of a data breach being discovered.

At least 80% of an organisation’s staff should be trained on keeping data secure. Human error remains the top cause of data breaches.

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