Phishing and Pharming: All of it You Must Know

Today, the ever-evolving technology has taken society to the next level of evolution. However, it has also paved a path for malicious actors to misuse it and exploit unwary users. Day after day, cyber criminals are growing more sophisticated and smart. They have been honing their skills in order to bypass the latest security standards and obtain money and data illegally.

Phishing and pharming are two major types of cyber attacks that involve tricking others into providing their personal information. Although cyber criminals use both these tactics to obtain sensitive information, they work differently.

A Brief Guide on Phishing and Pharming - anteelo

What is Phishing?

Email Phishing, Vishing & Other Types of Attacks | Webroot

Phishing is basically a social engineering attack that uses emails as a disguised weapon. In short, the cyber criminals impersonate a legitimate source to trick the target into clicking on a malicious link or attachment to acquire their personal information.

 

The scary part is, cyber criminals are not only limited to using emails for launching phishing attacks. They can also phish over a website and sometimes go with SMS (smishing) or voice call/messages (vishing) to trick users. According to a report from Security Boulevard, 97% of the users are unable to recognize a sophisticated phishing email.

 

In another report from The National News, 94% of UAE businesses experienced phishing attacks in a year. The same report also highlighted that 77% of email spoofing attack victims had money and valuable data stolen in the UAE, as compared to the global average of 73%.

 

Example of a Common Phishing Scam Attempt

 

  1. A spoofed email impersonating incometaxindiaefilling.org.in to distribute it to as many taxpayers as possible.
  2. The email claims that the taxpayers are qualified to obtain a refund and prompts them to submit the tax refund request within 3 days.

Several things can happen if the users click on the link to submit the request. The users might be redirected to a bogus page, where they may be asked to submit their personal information.

 

The hackers can harness the information and use it for other malicious activities such as identity theft. This can often lead to more disastrous and grievous consequences. Furthermore, on clicking on the link, the users might end up downloading malware infections like ransomware.

 

What is Pharming?

What is Pharming and How to Prevent a Pharming Attack

Pharming is the combination of two words “phishing” and “farming”. Pharming refers to the redirection of the users to a fraudulent website without their consent.

 

For example, an employee routinely logging into a payroll account may be redirected to a forged website instead. And, if the fraudulent website looks legitimate enough, the victim may end up getting tricked.

 

The motive behind phishing and pharming attacks remains the same, however, the techniques used to carry out these attacks are different. In pharming, cyber criminals carry out a two-step procedure in order to succeed.

 

First, the malicious actors push a malicious code on the victim’s computer or server. Second, the code redirects the victim to a fraudulent website where they are asked to enter their personal information.

 

To completely understand how pharming works, one must understand how Domain Name System (DNS) servers work. Whenever a user enters a domain name, the DNS servers translate that domain name into an IP address. It is the IP address that indicates the actual location of the website.

 

So, once a user visits a certain website, a DNS cache forms to prevent the need for visiting the server each time the user returns to that site. However, cyber criminals can corrupt both the DNS cache and the DNS servers through pharming. As a result, the users assume the bogus website to be legitimate and end up submitting their personal information.

 

How to Prevent Phishing and Pharming?

Several enterprises are implementing security protocols and taking steps to protect customers from phishers and pharmers. For example, in April 2020, the UAE Banks Federation launched a fraud awareness campaign to prevent digital banking service users from falling for scams. However, all it takes is one click for someone to fall for a scam.

 

Though as harmful as these attacks are and as easy as it is to fall for these attacks, they can be easily prevented. Taking the basic precautions listed below can help you and your organization in mitigating the risk of these kinds of attacks:

 

  • Look Out for URLs

Make sure your employees pay attention to the URL of the website when browsing on the internet. Legitimate websites always have the upper domain or TLDs (Top Level Domains) such as  .org, .com, .edu, .net, etc. For example, www.google.com.

 

However, if on visiting the site, it is www.google.ad.com or www.Goodle.com – even a minor mistake in the website URL is a hint that the DNS cache has been compromised.

 

  • Brand Monitoring

As an organization, promoting your brand is essential to foster the identity of your company. If cyber criminals impersonate your brand for malicious purposes, it can bring down everything you have worked for. Therefore, it is highly recommended to keep track of how your brand is being represented online.

 

  • Avoid Clicking on Links

Make sure that your employees pay extra attention whenever they click on a link embedded in an email, especially one from an unknown source. It is advisable to make a habit of hovering over the link to check its destination before clicking on it.

 

Additionally,  implement a phishing incident response tool like TAB to enable the employees to report any malicious links or attachments getting delivered through an email.

 

Cyber Security Awareness Program

Cyber Security Awareness Programs

Even if your organization has implemented all the best cyber security tools, it all comes down to how cyber aware and vigilant its employees are. So, organizations should conduct regular cyber security awareness training programs to raise awareness amongst the employees.

 

For instance, an employee working in the accounts department is more likely to open an email or click on the link embedded in it if it is related to the organization’s financial statements. Simulating phishing attacks on the employees can help them understand how to spot phishing attempts and react to them in real life.

 

No matter how strong an organization’s IT security infrastructure is, addressing the employees is a must for every organization. Remember, all it takes is one simple click for an employee to jeopardize the whole organization.

 

Phishing Attacks Preventative medicine for 2021

Phishing attacks use deceptive emails to trick users. They have become one of the foremost attack vectors to deliver malicious content into computer systems.

There are two ways to carry out a phishing attack. The first uses website spoofing, in which the perpetrators create an almost perfect double of a legitimate website and then ask the victim to log in with their credentials there. The attacker then gets hold of these credentials. The second one uses a malicious attachment and tricks the victim into downloading it.

The Anatomy of a Spear Phishing Attack: How Hackers Build Targeted Attacks (and why they're so effective)Webinar.

Overall, the objective of phishing attacks can vary. It may be launched to-

  • gain access to the sensitive information of the victim
  • block the services from the legitimate user for ransom or other reasons
  • make undetectable changes to the crucial information held by the organization

 

Moreover, threat actors use phishing emails during crisis situations to create panic among users and lead them to spoofed websites. For example, the rise of phishing incidents during the recent coronavirus pandemic.

 

Phishing affects organizations in a major way. Additionally, it affects individuals and their cyber security negatively. For organizations, phishing attacks can also lead to a leak of organizational secrets. Consequently, this can cause a major loss to the reputation of the brand. An article published by CSO Online in March 2020 revealed that 94% of malware is delivered via mail.

 

Phishing Attacks: More Complex Than Ever

With each passing day, threat actors have evolved their phishing methods and taken their game up a notch. Presently, they are coming up with more sophisticated phishing email templates every day. As a result, these phishing emails are now almost impossible to differentiate from legitimate emails. Phishing can take various forms like-

 

  1. Spear Phishing – In spear phishing, the emails are targeted at a specific group of victims and the phishing email template is designed according to the targeted group. It is made to look like it’s coming from a trusted source.A phishing email may use the domain of an organization and a person sitting at a position of authority in that organization as the sender. For example, the sender ID in a phishing email meant to trap employees of an organization named ‘company’ may look like ceo@companny[.]com.
  2. Clone Phishing – Attackers may get hold of previously sent legitimate emails and design similar-looking emails. These phishing emails usually contain a malicious attachment or link to trap the victim after they download the attachment or click on the link.
  3. Whaling – Whaling is a type of phishing attack that targets high-profile executives of an organization. Attackers can fetch high returns through such attacks.

 

All things considered, defense against phishing includes everything from awareness and training to automated cyber security solutions. With the rise in the trend of emails being used as a medium to deliver malicious content, defense against phishing has become all the more important.

 

Measures to Prevent Phishing

Phishing Protection Checklist - How To Protect Yourself From Phishing

  1. Generate Awareness – Awareness training tools can help in generating cyber security awareness among employees. It uses cyber attack simulation to launch dummy attacks on employees of an organization. Moreover, after an attack campaign, it also imparts awareness and training to educate employees about how they should react in such situations.
  2. Be wary of offers too good to be true –  Employees should be on the lookout for emails that contain offers that are too good to be true. It is a common practice among cyber attackers to use such lucrative offers to prompt the victim to click on the link in the email.
  3. Encrypting Email Content – Attackers can get hold of legitimate email content in the inbox. They can then design their phishing attack templates accordingly. To avoid this, encryption can be a very effective method.
  4. Multi-Factor Authentication (MFA) – MFA is important to minimize chances of data theft if a threat actor gets hold of account credentials. Therefore, it provides an extra layer of protection in case someone loses their credentials in a phishing attack. In a way, it delays losses arising from human error.
  5. Keep Up With The Trend – Keeping up with the ongoing cyber trend is equally important. If your employees are aware of the cyber attack trends of the time, it is easier for them to tell a legitimate email apart from a phishing email. Consequently, they will not click on any suspicious links or attachments the phishing email contains.
  6. Use Phishing Incident Response Tools – Using phishing incident response tools like Threat Alert Button can help in removing malicious emails from the inbox of the users. Moreover, it also empowers the employees to report suspicious emails immediately.
  7. Secure Your Organization’s Email Domain – It is advised that organizations secure their email domain using tools like KDMARC to minimize the chances of spear-phishing attacks on their employees. Furthermore, this can also help in the maintenance of brand reputation and the prevention of domain misuse.

 

Conclusion

Phishing attacks can affect individuals and organizations by compromising their information security. In addition, threat actors have become more advanced in their methodology and this should be reason enough to become more watchful. They pose a threat to our privacy, our finances, and almost every other well-functioning system in the world. To sum up, phishing attacks exploit human negligence. Therefore, every internet user, irrespective of the value of the information they possess, should be alert and proactive in securing their cyber space.

Web Application Security : A Necessity, Not a Luxury

Web application security is an all-encompassing term that covers the security of websites, web applications and web services. Web applications are one of the prime targets for cyber attackers due to the following reasons-

  1. The complexity of their source code increases the chances of manipulation of the code with malicious intent and unseen vulnerabilities.
  2. These attacks can be launched easily and target multiple targets at the same time.
  3. The rewards reaped by the attackers are huge. They can get hold of the financial information or other private data that belongs to the users of the application.

Web Application Security: Complete Beginner's Guide | Netsparker

Organizations need to be wary of such attacks on their web applications as it can result in the disruption of their relationships with their clients or can lead to legal action against them. According to a report published by Forrester in 2020, 35% of all external cyber attacks on organizations came in through a web application. In fact, Security Boulevard reported that as the first batch of COVID-19 vaccine vials was distributed, an increase of 51% web application attacks on healthcare targets was noticed.

 

Also, recently, a report by Business Standard revealed that a hacking group called ShinyHunters leaked 1.9 million user records stolen from an online photo editing application known as Pixlr. In another case, the same hacking group stole the data of users from an online dating website named MeetMindful.

 

All of this should be alarming for organizations, especially the ones dealing with sensitive user information. Web application security, an often ignored aspect of cyber security, should therefore be given priority in the cyber security policies of organizations.

Types of Web Application Vulnerabilities

 

Web application attacks can take various forms. This is done using different vectors mentioned below-

 

  1. Cross-site Scripting (XSS) – It is a type of injection attack that targets users to access their accounts, modify the content of a page or activate trojans. Direct injection of a malicious code into an application results in Stored XSS.  A Reflected XSS occurs when a malicious script is reflected off an application onto a user’s web browser.
  2. SQL Injection – SQL Injection is a malicious SQL code used to manipulate a back-end database in order to reveal information. This can result in unauthorized access to the administrative control of the web application and unwarranted modification of data.
  3. Remote File Inclusion – Injecting a file onto a web application server from a remote location is known as Remote File Inclusion. Hackers use this vector for the execution of malicious scripts within the application. It has also been seen that this vector is used for data manipulation and data theft.
  4. Cross-site Request Forgery – This kind of attack takes place when a malicious web application makes a user’s browser perform an unwanted action on a site where the user is logged in to. This attack can result in an unsolicited transfer of funds, changed passwords or data theft.
  5. Denial of Service (DoS) Attack – Denial of Service Attack (DoS) occurs when a server stops responding to the incoming requests of its legitimate users or starts responding very sluggishly due to its overloading with different types of attack traffic.
  6. Misconfiguration of Security Settings – Attackers pounce upon the chance of exploiting misconfigured security settings or settings that are set at default, verbose error messages with sensitive information and misconfigured HTTP headers.
  7. Insufficient Logging and Monitoring – This is one vulnerability that can help the attackers further attack systems or tamper, destroy and extract data. According to security experts, it takes 197 days on an average to detect a data breach.
  8. Buffer Overflow – Buffer Overflow is the overflowing of the buffer’s capacity, which is a space in memory, resulting in the overwriting of the adjacent memory locations with data. This can be used to inject malicious code into the memory.

Measures for Risk Mitigation

 

  • Using a Web Application Firewall – A Web Application Firewall is a hardware and software solution designed to defend against any attack attempts. It is a good way to compensate for any code sanitization deficiency.
  • Gathering Information – Classify third-party hosted content and review the application manually to identify client-side codes and entry points.
  • Authorization – Test the application for missing authorization, insecure direct object references and horizontal and vertical access control issues.
  • Encryption – Encrypt the specific data and avoid the use of weak algorithms.
  • Bot Filtering – Mass-scale automated attacks are launched using malicious bots. This bot traffic can be detrimental for the web application and is therefore dealt with Bot Filtering tools.
  • Conducting VAPT– VAPT (Vulnerability and Penetration Testing) is an essential service for organizations in their quest for safer use of IT infrastructure. VAPT is like a self-assessment service that brings the vulnerabilities related to the APIs, technology, platform, etc to the fore, thereby shaping the cyber security policies of the organizations and helping them upgrade their systems. Web application security assessment, therefore, goes a long way in ensuring the smooth functioning of the web application.

Vulnerability Assessment and Penetration Testing(VAPT) Services - BERRY9 IT  SERVICES

Apart from this, web application security is also necessary for GDPR compliance. If an application processes personal data of EU residents, then the GDPR requires that organization to follow security “by design and by default” for data protection (Art 25). It is therefore recommended that organizations running web services or web applications put the requisite cyber security measures in place to tackle any kind of attack

Phishing: An Overview

What is Phishing?

Phishing is a type of social engineering attack where cyber criminals trick users to give away their personal information. These cyber criminals use this attack to steal data like login credentials, financial details, confidential information, and much more.

It is infamous as one of the top cyber attack vectors for distributing malware. Cyber threat actors impersonate legitimate entities to dupe victims into clicking open emails that are used as baits. Victims fall for the bait and are tricked to click on malicious links or email attachments.

The malicious attachments lead to the installation of malware that locks the system and turns into a ransomware attack. Whereas, malicious links redirect victims to a fraud web page that asks for sensitive information, which is further exploited by cyber criminals.

Email cyber attacks: 4 lessons about phishing - OZON Cybersecurity Blog

The History:

The first phishing attempt was conducted back in the 90s. Phishers would conduct attacks by stealing passwords of users. They used algorithms to create randomized credit card numbers. Later, this phishing practice was brought to an end by the AOL (America Online) in 1995.

After this, phishers came up with another common but successful duping set of phishing techniques. They used AOL’s instant messenger and email system. They impersonated AOL employees to send messages to users regarding account verification for billing information.

This technique turned more sophisticated, ultimately leading AOL officials to enforce warnings in their emails and instant messages to their clients. The organization requested them to avoid providing their sensitive information to such phishing messages or emails.

 

What are Phishing Techniques?

The Ultimate Guide To Phishing Techniques: Things You Need To Know About  Phishing | PhishProtection.com

Cyber criminals use various types of phishing techniques ranging from highly sophisticated to simple methods. These techniques are highly deceiving and can bypass endpoint security and secure email gateways.

The most common but ever-evolving phishing techniques are:

Pharming

Pharming is a malicious practice of altering IP addresses to redirect targeted users to forged websites. These fake websites target users to submit their sensitive information like login usernames and passwords. The submitted information is later accessed by hackers for a data breach or other malicious use. Today pharming and phishing are serious cyber threats to every organization.

 

Spear Phishing

A formulated professional phishing attack by cyber criminals, Spear phishing is a classic phishing campaign where emails are sent in bulk to targeted individuals. Hackers do in-depth research on their targets before launching a campaign on specific individuals or organizations. The purpose of this is to send legitimate-looking emails to get valuable information out of victims.

Smishing

SMS-phishing or smishing involves cyber scammers sending text messages to targets users while making themselves appear to be from reputable or authentic sources. These text messages contain malicious links that redirect message receivers to phishing landing pages. In some cases, these messages directly urge receivers to reply with sensitive information.

 

Vishing

Vishing is a voice phishing method wherein the scammer, calls users in an attempt to gain their personal information. These phishers use the Voice over Internet Protocol (VoIP) servers to sound like someone from credible organizations.

Vishing is currently one of the most leveraged forms of social engineering attacks in the cyber world. Vishers majorly impersonate banks or government agencies to lure users into giving away their sensitive details over the phone call.

 

Website Counterfeiting

Hackers design and develop forged websites that are look-alikes of legitimate ones. Their malicious purpose behind the website counterfeiting is to divert users from the legitimate website to the forged one.

These hackers defraud victim by obtaining their personal information or by luring them into downloading malware to launch ransomware attacks.

Domain Spoofing

Phishers have evolved their techniques by using highly sophisticated tricks to mislead targeted users. They use spoofed domain names to make the malicious email look as if coming from legitimate sources.

The most infamous examples of such email-based attacks are CEO fraud and Business Email Compromise (BEC) attacks. Phisher sends the victim an email that looks like to be from a higher authority in the organization. It lures the email receiver to wire transfer funds or some confidential information.

 

Ransomware

The most dangerous attack technique wherein the victim is denied access to the system or files unless the ransom is paid to the cyber criminal. In this technique, targeted users are tricked into clicking on a malicious email attachment or link or on a malware-laden pop-up. As soon as any user clicks on one of these, the system gets corrupted by ransomware.

 

How to Prevent Phishing Attacks with Security Awareness?

Phishing Protection Checklist - How To Protect Yourself From Phishing

Today, most of the organizations across the world are either running their businesses remotely or have adopted the new normal of the post-pandemic. However, cyber criminals are taking this as a newfound opportunity to launch phishing campaigns on every industry vertical.

 

Therefore, it is essential to implement cyber security solutions and practice security measures in the organization to mitigate emerging phishing attacks. Here are some of the best practices to follow:

 

  1. Educate employees with the best in class phishing security awareness training. Every employee should be aware of the evolving phishing techniques, ways to recognize them and how to combat them.
  2. CISOs must implement email domain security standards such as DMARC, SPF and DKIM in their organizations. It prevents outbound emails from email domain spoofing and other email-based cyber attacks.
  3. Use an SSL Certificate to secure your website traffic and prevent information from being leaked.
  4. Secure your brand online from website forgery with stringent online brand monitoring. Institute an anti-phishing and fraud monitoring tool to live track fraudulent activities online against the organization’s websites, mobile apps, and domains.
  5. Install all the latest security patches to remove vulnerabilities and mitigate the risk of cyber threats.
  6. Use a VPN to work in a secure network environment and avoid using public networks for any sensitive data transaction.
  7. Do not reuse old passwords and avoid using the same passwords for other accounts.
  8. Beware of pop-ups, unsolicited emails, unsecured websites and never respond to unexpected emails with sensitive information.

India: A witness of massive Cyber Attack

Cyber Threat Report of 2019: 69% of Firms Face Serious Cyber Attacks in India!

69% Indian firms face serious cyber attack risk: Study

Do you know that India is in has been ranked the second position amongst the countries affected by cyber attacks between 2016-2018? According to a source, there was a 22% rise in cyber attack in India on IoT deployments. India has faced the most number of attacks in the IoT department this year. In fact, India has been consecutively facing cyber attacks, the second time in a row!

In a recent study, it was revealed that out of 15 Indian cities, Mumbai, New Delhi, and Bengaluru have faced the maximum number of cyber attacks. In the Annual Cyber Security Report by CISCO, 53% of cyber attacks caused more than $500K of financial loss to organizations in 2018.

cyber attack – The Siasat Daily

India has faced a rise of 7.9% in data breaches since 2017. Also, the average cost per data breach record is mounting to INR 4,552 ($64). Cyber attacks in India have risen up to such an extent that our country ranks fourth out of the top 10 targeted countries in the world. In a report by India Today, Chennai experienced the highest percentile of cyber attacks with a stat of 48% in the first quarter of 2019.

No survey or warning has brought any change in the cyber security policies of companies across the nation. In spite of witnessing several cyber attacks in India, people are still not aware of lucrative cyber security solutions to prevent their organization from any other attack. Here are some recent series of cyber attacks that massively brought loss to renowned companies in India.

The 2019’s Biggest Cyber Attacks  in India

Cyber criminals have adapted advanced cyber attack techniques for their targeted end-users. Various business sectors and geographical locations have faced recent cyber attacks in India.

Cosmos Bank Cyber Attack in Pune 

Cyber Attack at Cosmos Bank

A recent cyber attack in India in 2018 was deployed on Cosmos Bank in Pune. This daring attack shook the whole banking sector of India when hackers siphoned off Rs. 94.42 crores from Cosmos Cooperative Bank Ltd. in Pune.

Hackers hacked into the bank’s ATM server and took details of many visas and rupee debit cardholders. Money was wiped off while hacker gangs from around 28 countries immediately withdrew the amount as soon as they were informed.

ATM System Hacked 

4 ways to hack an ATM — video | Kaspersky official blog

Around mid-2018, Canara bank ATM servers were targeted in a cyber attack. Almost 20 lakh rupees were wiped off from various bank accounts. A count of 50 victims was estimated and according to the sources, cyber attackers held ATM details of more than 300 users. Hackers used skimming devices to steal information from debit cardholders. Transactions made from stolen details amounted from Rs. 10,000 to Rs. 40,000.

UIDAI Aadhaar Software Hacked

UIDAIs Aadhaar Software Hacked To Generate Unlimited IDs Experts Confirm

2018 started with a massive data breach of personal records of 1.1 Billion Indian Aadhaar cardholders. UIDAI revealed that around 210 Indian Government websites had leaked  Aadhaar details of people online.

Data leaked included Aadhaar, PAN and mobile numbers, bank account numbers, IFSC codes and mostly every personal information of all individual cardholders. If it wasn’t enough shocking, anonymous sellers were selling Aadhaar information of any person for Rs. 500 over Whatsapp. Also, one could get any person’s Aadhaar car printout by paying an extra amount of Rs.300.

Hack Attack on Indian Healthcare Websites 

Hackers Attack Indian Healthcare Website, Steal 68 Lakh Records: Report

Indian-based healthcare websites became a victim of cyber attack recently in 2019. As stated by US-based cyber security firms, hackers broke in and invaded a leading India-based healthcare website. The hacker stole 68 lakh records of patients as well as doctors.

SIM Swap Scam

Scam protection: How to prevent sim swap scam 2019? | Cryptopolitan

Two hackers from Navi Mumbai were arrested for transferring 4 crore rupees from numerous bank accounts in August 2018. They illegally transferred money from the bank accounts of many individuals. By fraudulently gaining SIM card information, both attackers blocked individuals’ SIM cards and with the help of fake document posts, they carried out transactions via online banking. They also tried to hack accounts of various targeted companies.

Aforesaid stats and events of the latest cyber attacks in India are the wake-up call for all those individuals and companies who are still vulnerable to cyber threats. It is very essential for organizations to implement cyber security measures and follow the below-mentioned security guidelines.

Cyber Security Measures for Organizations to Prevent Cyber Attacks

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  1. Educate employees on the emerging cyber attacks with security awareness training.
  2. Keep all software and systems updated from time to time with the latest security patches.
  3. Implement email authentication protocols such as DMARC, DKIM and SPF to secure your email domain from email-based cyber attacks.
  4. Get regular Vulnerability Assessment and Penetration Testing to patch and remove the existing vulnerabilities in the network and web application.
  5. Limit employee access to sensitive data or confidential information and limit their authority to install the software.
  6. Use highly strong passwords for accounts and make sure to update them at long intervals.
  7. Avoid the practice of openly password sharing at work.

Spear Phishing vs Phishing

What is Spear Phishing?

Along with the evolution in technology, a rapid and dramatic shift has been experienced in the occurrence of cyber attacks. The new targeted email-based phishing attacks have replaced the old extensive spam attacks. These phishing campaigns are causing major financial, brand, and operational harm to organizations across the world. The most notorious crime that is affecting major banks, corporates, media companies, and even security firms is a spear phishing email attack.

Spear phishing is an email scam that is targeted towards a particular individual, an organization, or a business. Attackers install malware on the targeted user’s computer system besides stealing user’s data.

Follow the image to understand how a spear phishing attack works:

What is Spear Phishing? {examples} How To Prevent Attacks

Spear phishing attack example:

Spear phishing and phishing attacks are deployed with similar forms of email attack which includes a typical malicious link or an attachment. The primary difference between them is the way of targeting individuals.

For instance, you have posted a social media update about traveling to a different state or country. You might receive an email from a colleague saying, “Hey, while you are in New York, make sure to try the famous Joe’s Pizza. Click Here, *link* to check out their menu list!” While you click on the link to browse their menu, a malware is quickly installed in your system.

Such emails are sent to target individuals by tricking them with a spoofed email address of someone they know or are well acquainted with.

How Can We Define a Phishing Attack?

While spear phishing emails are sent to target a single recipient, phishing emails are sent to a large number of recipients. It is an unethical use of electronic communication to deceive users by taking advantage of their vulnerability in cyber security.

These attacks are carried out to obtain sensitive and confidential information like the credentials of users. Cybercriminals use social engineering to trick victims into performing certain actions such as clicking on a malicious link or opening an attached file.

Phishing attacks are wide-spreading cyber threats every year. If you are not yet aware of this ever-growing cyber scam then one wrong click can easily flip your world upside down.

Phishing Attacks Not Going Away Soon – Channel Futures

Phishing attack example:

Here is a real-life phishing attack example of Facebook and Google. Both the companies were together scammed out of $100 million+ between the years 2013 and 2015 through a fake invoice scam. A Lithuanian hacker accomplished this feat by sending a series of fake invoices to each company. It impersonated as a large Asian-based manufacturer that they used as their vendor. Source: The Dirty Dozen

Such phishing attacks have been exploiting the data of various organizations and have led to a huge loss in revenue for many organizations. Be it phishing or a spear-phishing attack, it is vital to take preventive measures to decrease the occurrences of these cyber attacks.

How to prevent spear phishing attacks?

Just like phishing, spear attack prevention can be done in the following ways:

Spelling & Grammatical Errors:

Usually, genuine emails are error-free because of the professionalism and image reputation they hold. On the other hand, spear phishing emails have spelling and grammatical errors that are oblivious to the recipient’s eyes.

General Greeting:

If you are in contact with any individual or an organization, they would certainly use your name in the email greeting. But if an email says anything unusual like “Hello email user or attn: user”, then it’s a red alert.

URLs & Attachments:

Cyber crooks make sure to convince users into clicking on the link or on the attachment that comes along with the email. Never click any of the attachment that comes with suspicious-looking email.

Cyber Security Awareness for employees:

Every employee and individual in an organization should be provided with proper cyber security awareness training. A simulation spear phishing attack can be performed on the employees in order to make them proactive towards the latest attack vectors.

How Does a Cyber Security Awareness Program work?

The Importance of Security Awareness Training

The brutal Cyber Attacks that shook the world

Impacts of Cyberattacks on Businesses

Do you know a cyberattack can destroy your entire business overnight? In the survey report of 2019, 64% of companies faced web-based attacks, 62% experienced phishing as well as social engineering attacks. Around 59% of the companies experienced to have received malicious code and botnets. Whereas, 51% of businesses experienced the denial of service attacks. (Source: TradeReady)

According to Cybersecurity Ventures, cybercrime damages will cost the world $6 trillion by 2021. In fact, 63 cybercriminals who come under the most wanted list of FBI are known to have committed a chain of cybercrimes that had cost people and organizations, billions of dollars.

Cyber attacks have become common and more endangering nowadays, irrespective of the scale or size of the business. It is important to have proper security of defense locks but, it is more crucial to know what is the cause of offense. The offense could be the existing security loopholes in your enterprise, the unprotected IT infrastructure, and vulnerable employees. All these problems can lead to destructive consequences which can compromise your data and can give rise to cybercrimes.

Furthermore, every individual working in an organization is required to be aware of the major cyberattacks that are endangering and big cyber threat postures. Here is the list of 6 major types of cyberattacks:

Types of Cyber Attacks

1. Phishing

Phishing is a social engineering attack that is deployed over internet users with the intention to steal their data including credentials and credit card details. It is an identity theft to dupe victims into opening the email and lure them to click on the malicious attachment in the email message.

Phishing Attacks: A Guide to Cyber Security - Gaspar Insurance Services

2. Ransomware

Ransomware is a type of malicious software, designed to bar access to a computer system or a data file until the user pays ransom to the attacker. While regular ransomware locks the system, a more advanced malware uses a technique named cryptoviral extortion attack that encrypts the files of users making them inaccessible until a ransom is paid to decrypt them.

A CISO's Guide to Prevent Ransomware Attacks - Security Boulevard

3. Risk of Removable Media

Removable media like USB flash drives, external hard drives, optical discs, memory cards, digital cameras, etc. could be the bearer of cyber threats. These external portable storage devices are designed to be inserted and removed from a computer system. The usage of these devices could create a risk of data loss in case the media is lost or stolen. Further, it could lead to the compromise of a huge amount of data loss which would directly lead to damage to business reputation as well as financial penalties. Apart from that, removable media can be majorly used as an attack vector for malware.

USB Flash Drive Malware: How It Works & How to Protect Against It - Hashed Out by The SSL Store™

4. Cyber Scam

Cyber thieves use the internet as a weapon to deploy cyber attacks on every scale of enterprises. These cyber scams come in various forms, including emails attempting to trick users into handing over their personal information over phishing sites or counterfeited web pages. It is a type of internet fraud where cyber attackers hide or provide incorrect information to trick victims out of money, property or confidential data.

Take control of your digital life. Don't be a victim of cyber scams! | Europol

5. Vishing

Voice phishing is a phone fraud that uses social engineering over the telephone to get access to user’s personal and financial information. The fraudsters use modern practices like caller ID spoofing or automated systems to sound like a legitimate authority overcall. Vishing is typically used for stealing credit card numbers or related information with the help of identity theft.

Vishing: What is Voice Phishing? I SoSafe

6. Smishing

SMS phishing is a fraudulent activity that is attempted to acquire personal information like passwords and user details by impersonating as a trustworthy identity. This social engineering technique involves cell phone text messages to deliver the bait to indulge victims to divulge their personal information on the attached link in the text message.

What is smishing? How to protect against text message phishing scams | The Daily Swig

How to prevent Cyberattacks?

Cyberattacks seem to be constantly evolving every year and with major ransomware attacks like RobinHood, Snatch, Dharma, etc. in 2019, it is much clear that there is no slow down in the growth. But it’s never too late to secure your organizations by taking essential and efficient preventive steps to combat these attacks from any future loss.

 

With the help of cyber attack simulators, an organization can not only train but also make the individuals working, become proactive towards the prevailing cyber risks. Apart from that, it is necessary to make employees working in an organization, have the knowledge and are updated on the cyber threat postures existing.

 

Cyber attack simulators help not only help in identifying the level of vulnerabilities but also improve it so as to create a defensive system by strengthening the weakest link in the organization.

 

Along with cyber attack simulators, it is important to have a back up of critical data. By having critical backups of your data, you can allow only limited interruptions to the business workflow. It’s better to start securing your business by investing in the right cybersecurity solutions rather than paying for losses by becoming victim to cyber-attacks.

Vulnerability Management vs Vulnerability Assessment

What is Vulnerability Management?

What is Vulnerability Management Anyway?

In this evolving world of complex IT landscape, we get to hear numerous cyber security buzzwords and strategies every day. Vulnerability assessment, penetration testing, vulnerability management are among the most used terms when we talk about the protection of critical assets in an organization. But ever wondered do these terms mean? Let’s break them down one by one.

The term vulnerability management is an essential component that is required in creating an organization’s solid cyber security foundation. It is a broad ongoing process that manages an organization’s vulnerabilities constantly in a holistic manner. In this cyclical process, the software vulnerabilities are discovered, assessed, remediated and verified. Follow the image to understand the vulnerability management process cycle more clearly.

This ongoing process requires scanning to assess the vulnerabilities continuously in order to ensure and fix the weakness. It is an integral part of computer and network security.

What is Vulnerability Assessment?

The foremost step to fix security vulnerabilities is to identify them in the first place. Vulnerability assessment security testing identifies the gaps and loopholes present in the networks, endpoints, and applications. It is a one-time security testing program that is performed with a defined start and end date.

Vulnerability assessment is a risk-based approach where it targets the different layers of technology such as the host layer, network layer, and the application layer. The purpose of this testing is to help organizations in identifying vulnerabilities existing in their software and IT infrastructure before any compromise takes place.

What is Vulnerability Assessment | VA Tools and Best Practices | Imperva

The following image above shows the in-depth evaluation of security posture in an organization, discovering weaknesses and recommending a suitable remedy to mitigate the risk.

Vulnerability Management vs Vulnerability Assessment

When we talk about the entire organizational cyber security, both vulnerability management and vulnerability assessment have their own significant roles. However, both processes are completely different in nature.

Unlike vulnerability assessment, the vulnerability management program doesn’t have any defined start and end date. It is more of a continuous process that helps organizations in having better management of vulnerabilities in the near future.

Whereas, vulnerability assessment, on the other hand, helps in identifying the loopholes and vulnerabilities which are ranging from critical designing to basic misconfiguration. The primary objective of this testing is to create guidance for assisting developers with fixing the identified vulnerabilities.

Although the vulnerability assessment is an important step in improving the IT security of an organization, it is not just enough. A proper ongoing process is required along with this assessment technique to successfully eliminate the security gap.

Interdependence of Vulnerability Assessment and Management

Consequently, the vulnerability assessment process has a start and end date. But in order to secure IT assets, an ongoing approach like vulnerability management should be a part of it. The identification of strengths and weaknesses identified through assessment testing is basically the beginning process of IT infrastructure security. It is more of a part of vulnerability management where a proper plan is required to be created for prioritizing and mitigating the cyber risks discovered. On the whole, the vulnerability assessment dictates the recommendations and objectives of the entire vulnerability management process.

The Significance of Security Risk Assessment and Management

It is important to assess and fully-manage cyber risks with the vulnerability assessment and security testing audits to secure the organization’s network security. With constantly evolving cyber attacks, it is highly important to understand the weakness existing in your IT infrastructure or web applications.

Regularly performed vulnerability assessment and proper vulnerability management practices play the role of cornerstones in the success of a complete cyber security program. Timely discovery of cyber threats help in patching networks as well as web application vulnerabilities. Also, both assessment and management security programs mitigate the risk elements and help in preventing the possibilities of following cyber risks:

  1. Data breaches
  2. Ransomware infections
  3. IT Infrastructure damage
  4. Reputation damage
  5. Financial loss

Significance of Vulnerability Assessment

What is Vulnerability Assessment? | Vulnerability Analysis Definition

Vulnerabilities are the anomalies such as programming errors or configuration issues of the system. Attackers exploit the weaknesses in the system and can, in turn, disrupt the system. If these vulnerabilities are exploited, then it can result in the compromise of confidentiality, integrity as well as the availability of resources that belong to the organization.

How Can We Detect and Prevent These Vulnerabilities?

Premium Vector | Virus design locked up in bird cages

Vulnerability assessment is the risk management process that defines, identifies, classifies, and prioritizes vulnerabilities within computer systems, applications as well as network infrastructures. This helps the organization in conducting the assessment with the required knowledge, awareness, and risk posture for understanding the cyber threats. Vulnerability assessment is conducted in two ways.

Types of Vulnerability Assessment

Automated Testing

Why Automated Testing | Advantages of Automated Testing

Automated tools such as Vulnerability scanning tools scan applications to discover cyber security vulnerabilities. These include SQL injection, Command Injection, Path Traversal, and Cross-Site scripting. It is a part of Dynamic Application Security Testing that helps in finding malicious code, application backdoors as well as other threats present in the software and applications.

Manual Testing

What Is Manual Testing? How To Do Manual Testing - TestLodge

Manual testing is based on the expertise of a pen-tester. They are the experts that dive deep into the infrastructure that will help them in finding out the vulnerabilities that cyber attackers can exploit.

Following are the types of vulnerability assessment and penetration testing:

Different Types of Manual Testing

  1. Application Security Testing 

Web Application Penetration Testing Using Burp Suite Udemy Download Free - Freetutorials.us

It is the process of testing and analyzing a mobile or web application. This methodology helps pen-testers in understanding the security posture of websites and applications.

The  application security testing process includes:

    •       Password quality rules
    •       Brute force attack testing
    •       User authorization processes
    •       Session cookies
    •       SQL injection
  1. Server Security Testing

What is DevSecOps and how is it relevant for your company?

Servers contain information including the source code of the application, configuration files, cryptographic keys as well as other important data. Pen-testers perform an in-depth analysis of the server in the server security testing. Based on this analysis, testers perform an approach to mimic real-time cyber attacks.

  1. Infrastructure Penetration Testing

Penetration Testing in the AWS Cloud: What You Need to Know - Rhino Security Labs

Infrastructure penetration testing is a proven method to evaluate the security of computing networks, infrastructure as well as the weakness in applications by simulating a malicious cyber attack.

  1. Cloud Security Testing

Application Security | Venkon

Every organization that keeps its platforms, customer data, applications, operating systems as well as networks over the cloud; must perform cloud security testing. Cloud security is essential for assessing the security of the operating systems and applications that run on the cloud. This requires equipping cloud instances with defensive security controls and regular assessment of the ability to withstand cyber threats.

  1. IoT Security Testing

The Challenges of Ensuring IoT Security | Netsparker

With our increasing engagement with technology, we are becoming more advanced in incorporating technology with things that we use on a daily basis. Pen-testers are aware of the complexities and how cyber criminals exploit them.

IoT penetration and system analysis testing considers the entire ecosystem of IoT technology. It covers each segment and analyses the security of the IoT devices. The testing services include IoT mobile applications, communication, protocols, cloud APIs as well as the embedded hardware and firmware.

Which is the Better Method of Vulnerability Assessment?

A Better Method to Reading Textbooks | by Alaric Linen | Age of Awareness | Mar, 2021 | Medium

Manual vulnerability assessment is better than vulnerability scanning tools since automated tools often give false results. This can seriously hamper the process of vulnerability assessment. Although automated tools make the assessment process faster and less labor-intensive, the tools are not capable of identifying vulnerabilities.

This can be far better done by observant pen testers who use systematic technology with years of experience. Manual vulnerability assessment requires time but, it is far more effective and accurate than vulnerability scanning tools. The reason behind preferring manual assessment is the lack of an in-depth understanding of the system to discover vulnerabilities. Therefore, it is always better to consult a leading cyber security company for investing in VAPT services that can help you strengthen your organization’s security infrastructure.

Worst Ransomware Attacks of India

State of Affairs of Ransomware Attacks in India: 2019

Did you know more than 230,000 ransomware attack submissions were discovered in 2019 between April 1st and September 30th? Last year, the resurging ransomware attack in India became a headache for the corporate sectors targeting and affecting various organizations across the nation. In fact, the three most notorious members of the ransomware family- Ryuk, Purga, and Stop made major headlines in the nation.

How to Beat Hackers Targeting Backups with Ransomware Attacks | IT Pro

The Stop ransomware caused about 10.10% of the ransomware attacks followed by Ryuk making about 5.84% attacks along with Purga for deploying 0.80% of ransomware attacks! (source: TSG Sunday  Guardian Live)

Ryuk seemed to have been the most active threat landscape in the Indian public as well as private sectors. On the other hand, brute-force attacks on RDP and SMBs seemed to have steadily increased in 2019.

According to the Business Standard, last year was entirely the year of ransomware attacks on municipalities. It was observed that not less than 174 municipal institutions were targeted with more than 3000 subset organizations! In comparison, 60% of the increase from 2018 was experienced in 2019!

Reportedly, organizations have faced double extortion in Q1 2020 across the globe. Moreover, security research has anticipated that a business is attacked every 11 seconds by cybercriminals. The cost of damage is predicted to hit around $20 billion by 2021.

Although, this figure may vary later depending upon the cost of attacks and its devastating consequences. To know how brutal ransomware attacks can get, here are the top devastating ransomware attacks that took place in India.

Top 6 Ransomware Attacks in India

  • Telangana and AP Power Utilities Hacked

A malicious software attacked the power utility systems of  Telangana and Andhra Pradesh last year where all the servers went down until the glitch was rectified. Since the computer systems of Telangana and Andhra Pradesh power utilities were interlinked, the virus attack quickly spread, taking down all the systems.

Ransomware hits Telangana and Andhra Pradesh power department websites | Hyderabad News - Times of India
  • UHBVN Ransomware Attack

Uttar Haryana Bijli Vitran Nigam was hit by a ransomware attack where the hackers gained access to the computer systems of the power company and stole the billing data of customers. The attackers demanded Rs.1 crore or $10 million in return for giving back the data.

UHBVN Billing Data Hacked and Hackers Demanding one Crore in Bitcoins

  • WannaCry

India was the third worst-hit nation by WannaCry ransomware, affecting more than 2 lakh computer systems. During the first wave of attack, this ransomware attack had hit banks in India including few enterprises in Tamil Nadu and Gujarat. The ransomware majorly affected the US healthcare system and a well-known French car manufacturing firm.

WannaCry Attack: Why Proper Backup Solution Is A Must

  • Mirai Botnet Malware Attack 

This botnet malware took over the internet, targeting home routers and IoT devices. This malware affected 2.5 million IoT devices including a large number of computer systems in India. This self-propagating malware was capable of using exploitable unpatched vulnerabilities to access networks and systems.

Mirai DDoS Attack Explained

  • Petya

India was one of the top 10 countries to be hit by Petya ransomware. This ransomware attack halted work at one of the terminals of India’s largest seaport causing computer lockdown and serious consequences for the country’s exports.

Petya Ransomware Spreading Rapidly Worldwide, Just Like WannaCry

  • BSNL Malware Attack

The state-owned telecom operator BSNL was hit by a major malware attack, impacting nearly 2000 broadband modems! 60,000 modems became dysfunctional after the malware attack hit the Telecom Circle.

Malware Attacks on BSNL, MTNL Broadband Modems – Steps To Restore | DataReign

Proactive Measures to Prevent Ransomware Attacks

As we continue to develop smart cities and smart grid technologies in 2020, the risk of ransomware attacks will stay put as a big challenge for all the organizations. Apart from focusing on development and advancement, every industry vertical must understand the crucial role of cyber security.

With the help of these below listed proactive measure, organizations can reduce or prevent the constantly evolving ransomware attacks in the future:

Employee Awareness Training

Cyber threat actors majorly use emails as bait in attempting cyber attacks on an organization and humans being the weakest link tend to easily fall for it. So to avoid and overcome this problem, organizations must educate their employees by making them aware of the prevailing cyber threats.

7 Tips for an Effective Employee Security Awareness ...

A right security attack simulator and awareness training tool can help in reducing the threat of employee error. Such tools help in mitigating existing cyber risks within the organization and enhance the cyber security posture.

Backup Your Data Separately

The best way to stay proactive is by backing up your data in a separate external storage device but it should not be connected to your computer. Backing up your data will help in securing it from being encrypted and misused by cyber attackers.

Regular Vulnerability Assessment 

Basic cyber security hygiene like vulnerability assessment and penetration testing can help in preventing malware like ransomware. With the help of continuous vulnerability assessment, one can find out the exploitable vulnerabilities and fix them before any threat actor discovers it.

Never Click on Unverified Links

Avoid clicking links that are attached in spam emails or on an unfamiliar website. Such links are the bearers of malicious files that badly infect the user’s computer when clicked. Moreover, these links are the pathways for ransomware to access the user’s system and encrypt or lock confidential data for ransom.

6 Biggest Ransomware Attacks that Happened in India - Kratikal Blogs

Use Security Software 

With cybercrimes becoming more widespread and constantly evolving in nature, protection against them has never been more crucial. It is necessary for organizations to secure their entire IT infrastructure with comprehensive cyber security solutions and software to blocking and keep the cyber threat postures at bay.

Among all other cyber attacks, ransomware is one kind of criminal activity that can be easily prevented by these above-mentioned solutions. Companies must remain vigilant, watchful and prepared to stay protected against such prevailing cyber risks.

The best way to deal with ransomware attacks is to stay protected by following healthy security practices and avoiding suspicious emails in the first place!

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