Gardaí have reported a sharp increase in the number of invoice redirect and CEO fraud-style attacks on Irish businesses in the last few months. “We are getting a couple of cases every week now”, according to Detective Superintendent Pat Lordan, who said that both small and large companies are being hit for amounts ranging from €10,000 into the millions.Read more
In a global sting, named Operation reWired, authorities in the US and around the world have arrested 281 individuals that were involved in a global Business Email Compromise (BEC) scam. The ring had been under investigation for months, during which they were found to have hijacked email accounts belonging to company executives, impersonated staff and ultimately tricked unsuspecting employees into wiring millions in funds into the group’s accounts.Read more
The cryptocurrency saga continues. A malicious extension has been removed from Google’s Chrome browser after it was revealed that it had been spreading through Facebook, attempting to steal passwords from unsuspecting users and taking advantage of their PCs to mine cryptocurrency. This isn’t the first time that cyber criminals have attempted to hijack other people’s computers in order to mine cryptocurrency for them. The extension, named FacexWorm, used Facebook messenger to spread to other users, sending what appears to be a Youtube link, which actually redirected the user to a fake landing page. The extension then communicated with criminal servers in order to download further malicious code onto the user’s PC.
Last month, Google announced that it would no longer accept Chrome extensions that mined cryptocurrency, in a move suspected to coincide with the removal of FacexWorm
It’s been a bad year for Facebook so far. They recently revealed that they may have improperly shared the details of 87 million users with a third-party, the now-infamous political consulting firm Cambridge Analytica. Then, on Wednesday, Mark Zuckerberg himself admitted during a press conference that “malicious actors” may have took advantage of Facebook to obtain the public data of all or most of Facebook’s 2.2 billion strong user base.
Social Engineering is becoming a larger problem for businesses and consumers alike over the past years. So what does it mean if cyber criminals have access to your public data?
A macro is a small piece of code that runs within a software program such as Microsoft Word or Excel, and is normally used to automate common or repetitive tasks. Macro malware is the practice of hiding a virus in a macro code and enticing unsuspecting users into downloading a Word or Excel file and running the macro script within, which then will download a virus, malware or even ransomware onto that person’s PC. Macro malware was common during the 1990s, but lapsed in popularity through most of the 21st century as increasingly savvy PC users learned how to spot the spam or phishing emails that delivered them, which were often riddled with typos. Nowadays, however, macro malware is seeing a big return due to two factors – Phishing emails are becoming increasingly sophisticated and no longer have obvious typos in them, and ransomware – a very profitable form of malware for criminals – can be easily downloaded via a macro, leading to entire networks being encrypted and held to ransom. It is now critical that all users understand the threats that macro malware can pose, particularly to their organisation, and learn how to spot the attacks before it’s too late.