Business Email Compromise Discussed on NPR’s Morning Edition

business email compromiseEarlier this week, I heard an interesting interview on NPR’s Morning Edition with a recent victim of Business Email Compromise (BEC), a growing threat that uses social engineering to exploit human nature in order to divert massive amounts of money to cybercriminals.

Recent Business Email Compromise Trends show Evolving Tactics

First, let’s start with a little background information. In 2013, when Business Email Compromise scams were gaining popularity, attackers typically compromised a legitimate email account belonging to the company president, CEO or CFO in order to request the transfer of funds to an account controlled by the attacker. As awareness of BEC scams has grown, the tactics used by the scammers to avoid detection have evolved as well. These newer deception methods use compromised lawyer email accounts, requests for W-2 records, and the targeting of real estate transactions. Another recent trend involves spoofing a company executive or other position of authority and requesting the targeted victim purchase gift cards for personal or business reasons.

Over the past couple of years, BEC tactics have further evolved into a new trend known as Vendor Email Compromise in which cybercriminals target vendors or suppliers with phishing emails and then send realistic-looking invoices to their customers in order to steal money.

BEC scams have been wildly successful, with $1.2 billion in losses reported in 2018 by the FBI’s Internet Crime Complaint Center (nearly triple 2016 losses). Unfortunately, these are only REPORTED losses. Many incidents go unreported because companies don’t want to risk bad publicity.

While recent efforts by law enforcement agencies have led to many arrests, Michael J. Driscoll, FBI special agent in charge of the Criminal Division for the bureau’s New York Field Office, has named Business Email Compromise the #1 priority – replacing ransomware as the biggest threat facing businesses.

And that brings me to the interview I heard on NPR.

This week on Morning Edition, Martin Kaste interviewed “Mark” (not his real name), the owner of a Seattle-based real estate company and one of the earliest victims of Business Email Compromise. Mark discussed how the attack began and how it evolved.

It started with a scammer intercepting email traffic between Mark and a business partner. For a period of time, the scammer monitored this email traffic and studied their speech, writing patterns and message timing (see Step 1 here). When Mark and his partner discussed a $50,000 disbursement owed to the partner, the scammers took action and inserted their own wire transfer instructions (see Step 3 here).

Mark was convinced the request was legitimate, and transferred the $50,000 (Step 4) to the scammer’s bank account. His partner never received the money. By the time they alerted the bank, the money had already been transferred to an overseas account.

Mark said, “We’re somewhat experienced businesspeople. The idea that we’ve been duped makes you feel pretty stupid,” and as I mentioned, this “shame” element, along with fear of a damaged business reputation, is why many of these incidents often go unreported.

Kaste points out, “The banks weren’t much help, either. Since he was the one who gave the scammers the account number, they saw this as his responsibility. He has learned one thing – never again trust wiring instructions that are sent by email.”

And that sound advice is among other tips you’ll find in my earlier post on avoiding Business Email Compromise scams.

You can listen to the full interview from NPR’s Morning Edition here.

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Recent Business Email Compromise (BEC) Scams are Reminder to Educate Users

Online scams are nothing new. But as email has evolved and improved, so have scammers and the messages they send. Nefarious emails, attachments and links now appear sophisticated and look legitimate, sometimes tricking even the most meticulous user.

Billions Lost to Business Email Compromise

Over the last three years, organizations all over the world have lost a collective $26B to a very specific type of email scam – Business Email Compromise, or BEC. Recently, a BEC scheme in Spain was brought down, but not before taking over €10M. A scammer in Canada impersonated a contractor and fooled city employees out of over $1M. And the FBI is investigating a network of over 80 people across multiple countries in an attempt to use a BEC plot to steal $46M.

Why do BEC Scams Work so Well?

Top 10 Business Email Compromise Protection Tips
Top 10 Business Email Compromise Protection Tips

BEC emails are advanced phishing scams, and they’re on the rise. But what makes a BEC attack so dangerous, and so effective?

BEC Scams are Highly Targeted

Scammers aren’t blasting thousands of the same email. They’ve done the research, monitoring the company’s website and social pages. They find the appropriate target, and groom them by sending multiple conversational emails, establishing trust.

They Contain No Malware

Unlike the old style of phishing, where users are told to click on a link, BEC emails have no spammy links. This means they can sometimes evade spam filters, and the end user doesn’t see any red flags.

They Exploit Human Nature

BEC emails imitate an actual person, complete with real-looking email addresses, formatting, company names, and titles. The victim has unknowingly been emailing back and forth with the scammer and trusts that they are who they claim to be. So when asked to send bank information, for example, the victim assumes the request is authentic and complies.

They are Often Under-reported

Victims often don’t realize they made a mistake until much later. And even upon realization, many companies don’t report the incident for fear of damaging their reputation with their customers. Not reporting such incidents allows perpetrators to simply move on to their next victim.

Learn How to Stay Protected Against these Email Scams

Preventing losses to Business Email Compromise is the responsibility of both the end user and the IT administrator. To stay protected, follow these tips:

End Users:
  • Double-check the sender email address & recognize spoofing and other impersonation tactics. MDaemon Webmail displays the full email header to help users identify spoofed emails.

    MDaemon Webmail Full Email Header Display
    MDaemon Webmail Full Email Header Display
  • Don’t overshare on social media
  • Don’t open email from unknown sources
  • Verify all wire transfer requests via phone or face-to-face
  • Know customers’ & vendors’ business practices
  • Run antivirus software often
  • Use two-factor authentication
  • Forward, don’t reply. Ensures you manually enter the appropriate email address.
Administrators:
  • Enable reverse lookups to verify the legitimacy of the sender
  • Use the antivirus features in MDaemon and SecurityGateway to scan all inbound and outbound email traffic
  • Require users to use SMTP Authentication
  • Use SPF, DKIM & DMARC to secure your domain against spoofing
  • Require two-factor authentication
  • Require strong passwords
  • Provide regular end-user training
  • Run antivirus software often and make sure virus signatures are up-to-date

While traditional security measures such as network defenses and email gateways can be effective at blocking most varieties of spam, the bottom line is that the most critical part of stopping BEC attacks is user awareness and education.

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Security Gateway a High Performer Again – G2 Crowd 2019 Fall Report

We’re proG2 Crowd High Performer 2019ud to announce that Security Gateway for Email has once again been named a High Performer in Secure Email Gateways by G2 Crowd in their Fall Report. And if you are looking for a hosted solution, Security Gateway also was recognized as a top Cloud Email Security solution.

Security Gateway for Email Servers - High Performer 2019
Security Gateway for Email Servers – High Performer 2019

G2 Crowd awards are based on honest reviews from users. In other words, the product is recognized because of the feedback from users just like you who use the product every day; awards that reflect a superior customer experience.

The data from G2 Crowd speaks for itself – Security Gateway received satisfaction ratings above 90% in the Ease of Set Up, Ease of Use, Ease of Admin, and Quality of Support categories; ratings that exceed the category average scores.

Why Users Love Security Gateway

Easy to Use 

Security Gateway Review from G2 Crowd

SecurityGateway is designed to be simple and easy-to-use. Set-up, configuration and maintenance is easy for the administrator, and every-day tasks like accessing quarantine reports is easy for the end user.

Best Results

Security Gateway for Email Review - G2 Crowd

With SecurityGateway you get results, which means you DON’T get malicious emails in your inbox. We protect email communications for businesses of all sizes and verticals, regardless of which email platform they use and whether it’s in-house or in the cloud.

Reliable

Security Gateway Review

Try Security Gateway for Free and Compare its performance and Cost to Your Current Solution

Security Gateway is one of the best email security gateways in the market. Find out what organizations of all sizes already know – Security Gateway saves you time, headache and money.

Click here to learn how Security Gateway can protect your email!

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Phishing Email Uses Google Drive to Get Past Microsoft Security

Phishing, email scams, tips to avoid spear-phishing

This week, Threatpost reported on a new spear-phishing attack that uses email sent via Google Drive claiming to be the CEO of the targeted company sharing important information with the recipients.  The email came from Google Drive, but the sender address didn’t match the company’s standard naming convention for email addresses.

Because the message was sent by a legitimate email service, it was able to bypass Microsoft Exchange Online Protection on its way to users’ inboxes.

You can read the full article here.

No Spam Filter or Email Gateway can Block 100% of All Spam

Spam Filters and Email Gateways have proven quite effective at blocking most of the junk email that gets sent by the thousands on a daily basis, but cyber criminals are always looking for new ways to bypass email security measures through social engineering, new strains of malware, and newly-discovered security flaws reported in  Microsoft Exchange Server and cloud email platforms. That’s why user training will continue to be a top priority for all businesses that use  email.

Tips to Avoid Phishing and Business Email Compromise (BEC) Attacks

In a prior post, I listed the following 10 tips to avoid falling victim to phishing emails.. Here’s a brief summary. You can read the entire post here.

10 Tips to Identify a Phishing Email

  1. Watch out for messages disguised as something expected, like a shipment or payment notification.
  2. Watch for messages asking for personal information such as account numbers, Social Security numbers, and other personal information. Legitimate companies will never ask for this over email.
  3. Beware of urgent or threatening messages claiming that your account has been suspended and prompting you to click on a link to unlock your account.
  4. Check for poor grammar or spelling errors.
  5. Hover before you click!
  6. Check the Greeting – Is the message addressed to a generic recipient, such as “Valued customer” or “Sir/Madam?” If so, be careful & think twice!
  7. Check the Email Signature – In addition to the greeting, phishing emails often leave out important information in the signature. Legitimate businesses will always have accurate contact details in their signature, so if a message’s signature looks incomplete or inaccurate, chances are it’s spam.
  8. Don’t download Attachments
  9. Don’t trust the From address –Know the difference between the “envelope From” and the “header From” addresses.
  10. Don’t Enable Macros –  Never trust an email that asks you to enable macros before downloading a Word document.

These 10 tips are explained in more detail in this post.

10 Tips to Protect Against Business Email Compromise (BEC) Email Attacks

Business Email Compromise goes beyond standard spam techniques by exploiting human nature and the trust established between employees and members of the executive team. Scammers use social engineering, CEO impersonation, and a variety of other techniques to trick users in accounting, finance, or other high-power positions into transferring money into the scammer’s accounts. These attacks are well-executed and targeted at specific individuals, and often take more time to plan and launch due to the amount of research that goes into these attacks. Cyber criminals use publicly available information on sites such as LinkedIn, Facebook and even the website of the targeted victim to gain insight into the company’s business practices. They will often study the writing styles of the executive team, allowing them to craft convincing emails that appear authentic to employees.

Because Business Email Compromise attacks are often so well-crafted, they are able to bypass standard security measures. These tips should help you identify a Business Email Compromise attempt if one should slip through your spam filter or email gateway.

  1. Train Users to recognize these Common Impersonation Tactics used by Cybercriminals
    • Domain Name Spoofing
    • Display Name Spoofing
    • Lookalike Domain Spoofing
    • Compromised Account
  2. Secure your Domain by registering similar domains.
  3. Don’t Over-share on Social Media
  4. Use SPF, DKIM & DMARC to protect your domain from spoofing.
  5. Use Two-Factor Authentication
  6. Use Strong Passwords
  7. Don’t trust unknown sources
  8. Establish strict processes for wire transfers
  9. Provide regular end-user training
  10. Run antivirus software often

You can learn more on how to avoid Business Email Compromise attacks here.

No business is too big or too small to fall victim to email-borne scams. In fact, cyber criminals often target smaller businesses based on the assumption that smaller companies are less likely to have the latest security systems in place. MDaemon Email Server and Security Gateway for Email Servers include a variety of features to protect businesses from spam, malware, and leaks of sensitive business data.

15% discount during August, 2019 for MDaemon Email Server and Security Gateway for Email Servers

Looking for a secure, affordable email and collaboration server or email security gateway for your business? This month, we’re offering a 15% discount off the price of MDaemon Email Server (new purchases), and Security Gateway for Email Servers (new, renewal, and upgrades).

Comments? Question? Let us know. We’re here to help!

 

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Security Gateway’s Built-in Archiving and Cloud-Based Email Integration Just got a Major Update!

fSecurity Gateway for Email Servers version 6.1. release with archiving, legal hold, and data retentionWhen it comes to email archiving, businesses require features that go beyond simple message replication in order to meet expanding regulations. And because every email solution, whether it’s on-premises or in the cloud, needs strong anti-spam/anti-malware filtering, it makes sense to combine archiving and security into a single product. To address the growing demand for a combined email security/archiving solution, archiving was added to Security Gateway for Email Servers in version 6.0.

Security Gateway’s Integrated Archiving Just Got a Lot Better!

With Security Gateway 6.1, the integrated archiving feature received a major upgrade with these new features for legal compliance and cloud email integration:

  • Legal Hold

Security Gateway’s new Legal Hold feature will prevent emails from being deleted from the archive, regardless of any other settings, user permissions, or retention periods.

Legal Hold - Security Gateway for Email Servers
Legal Hold – Security Gateway for Email Servers
  • Minimum Archive Retention Period

Businesses must meet a variety of data retention laws, and these laws vary by country or region. In the United States, many businesses must store archived emails in compliance with the following laws and retention policies:

  • IRS Regulations (for all companies) – 7 Years
  • Sarbanes Oxley Act (SOX – For all public companies) – 7 Years
  • Freedom of Information Act (FOIA – Federal, state & local agencies) – 3 Years
  • Department of Defense Regulations (for contractors) – 3 Years
  • Health Insurance Portability and Accountability Act (HIPAA) – 7 Years

To meet these and other growing regulations, administrators can assign a minimum retention period for all archived email messages. During this time, archived messages cannot be deleted regardless of any other settings or user permissions.

Email Retention Period - Security Gateway for Email Servers
Email Retention Period – Security Gateway for Email Servers

Improved Cloud/Hosted Email Integration for Microsoft Office 365 & Azure

Security Gateway’s automatic user creation feature helps reduce administrator workload by verifying whether an email sent to or from a local domain contains a valid email address, and then automatically adding the account once the email address has been verified.  With Security Gateway 6.1, this process has gotten much easier for businesses using cloud email services, with a new option to verify users by querying Microsoft Office 365 or Azure Active Directory.

Office 365 & Azure User Verificatioin - Security Gateway for Email Servers
Office 365 & Azure User Verification – Security Gateway for Email Servers

Other New Features

Other new features for Security Gateway include:

  • Whitelist & Blacklist Search – A search field was added to the Whitelist and Blacklist screens to help administrators find listed email addresses more easily.
  • Quarantine reports can now be sorted by score. This makes it easier to identify false-positives, which will likely have lower scores.

For the complete list of updates, please see the Security Gateway release notes.

If you aren’t yet protecting your business email with Security Gateway for Email Servers, visit the Security Gateway product page for an overview of its features, or visit the Download page to download a free trial!

Security Gateway Hosted/Cloud services are also available.

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Not Today, Scammer! Today’s Phishing Attempt

A brief glance through my Spam folder in MDaemon Webmail today reminded me of the need for on-going education on the topic of phishing and Business Email Compromise (BEC) scams. Because businesses have already lost millions of dollars to these scams and continue to fall victim every day, it bears repeating that, while spam filters and secure email gateways continue to improve, no solution is 100% fool-proof.

Today’s phishing example was scanned by MDaemon, determined to be spam, and placed in my Spam folder for review (MDaemon can also be configured to delete spam instead of placing it in the user’s spam folder).

Most of us will likely be immediately suspicious due to all-caps “REMINDER!!!” at the top of the message, but what other phishing clues can you identify?

Phishing example, spam email
Phishing attempt with malicious file attachment

In this example, the scammer has used display name spoofing  to make the message appear to be from DHL. Most large businesses such as DHL have policies regarding email communications. DHL’s fraud awareness policy, which you can read here on their website, states:

“Please be advised that if you received an email suggesting that DHL is attempting to deliver a package requesting that you open the email attachment in order to affect delivery, this email is fraudulent, the package does not exist and the attachment may be a computer virus.

Please do not open the attachment. This email and attachment does not originate from DHL.”

But for most of us who remain unaware of DHL’s policies, it’s important to know what to look for to avoid becoming the next victim to phishing scams.

Using the DHL example, I’ve labeled the items to look out for when reviewing a suspicious email.

Phishing Example and What to Look For
Phishing Example and What to Look For

No business is too big or too small to educate its users about phishing. After all, it only takes one user to open a malicious attachment and unleash malware vicious enough to take down an entire company. Learn more about how to avoid being the next victim by reviewing these 10 tips to identify a phishing email.

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10 Tips to Identify a Phishing Email

Don’t Risk Losing your Life Savings to Scammers. Follow these 10 Tips to Identify a Phishing Email.

Whether you run a Fortune-500 organization or a small boutique, by now you should be aware of the threats posed by cyber criminals to trick you into clicking a link, downloading an attachment, or parting ways with your money.

Modern day email scams are getting more sophisticated, leading to staggering losses for businesses of all sizes. According to the 2018 Verizon Data Breach Investigations Report, phishing was used in 93% of all reported breaches, with email being the main attack vector in 96% of reported cases.

While these figures are staggering, they continue to rise as scammers reap huge payouts from BEC (Business Email Compromise), CEO fraud and other phishing scams.

The real estate industry is a prime target for phishing because large sums of money change hands and there are various weak links in the transaction process. If any step within the transaction process becomes compromised with a successful phishing email, the attacker could gain access to a legitimate email address from which to launch other attacks. The fraudster could then lie in wait, scanning email messages for financial or transaction related details, and then send off fraudulent wire transfer instructions to an unsuspecting buyer, seller, or agent. For example, this happened to a 31 year-old first-time home buyer in San Antonio, Texas. You can read details about this case here, but the short version of the story is that she felt that she was in a time crunch to send in her down payment and finalize other closing tasks, and felt that the title company was dragging its feet. This state of high anxiety made her a prime target for a phishing email she received stating that she had previously been given the wrong wire transfer information, and that she needed to wire her down payment to a new account. With 5 hours left to get everything done, she attempted to contact her title company to confirm the change, but no one responded, so in a panic, she hastily ran to the bank and wire transferred her $52,000 down payment. Unfortunately, she sent her life savings to scammers.

The phishing industry is so lucrative for scammers because the barriers to entry are low relative to potential huge payouts. With botnets-for-hire and Malware as a Service (Maas), spammers have an impressive arsenal of tools at their disposal to propagate their campaigns, so to fight this scourge, an educated user is the best defense against phishing scams. With this in mind, here are my top 10 tips on how to identify and protect yourself from phishing attacks.

  1. Watch out for messages disguised as something expected, like a shipment or payment notification. These often contain links to malware sites. Hover your mouse over any links to make sure they’re safe. Think before you click! Here’s an example using a phishing email I received claiming to come from HSBC.

    Payment notification phishing email
    Watch for unexpected payment or shipment notices
  2. Watch for messages asking for personal information such as account numbers, Social Security numbers, and other personal information. Legitimate companies will never ask for this over email.
  3. Beware of urgent or threatening messages claiming that your account has been suspended and prompting you to click on a link to unlock your account.
  4. Check for poor grammar or spelling errors. While legitimate companies are very strict about emails they send out, Phishing emails often contain poor spelling or grammar.
  5. Hover before you click! Phishing emails often contain links to malware sites. Don’t trust the URL you see! Always hover your mouse over the link to view its real destination. If the link claims to point to a known, reputable site, it’s always safer to manually type the URL into your browser’s address bar.
  6. Check the Greeting – Is the message addressed to a generic recipient, such as “Valued customer” or “Sir/Madam?” If so, be careful & think twice! Legitimate businesses will often use your real first and last name. In our HSBC example, notice the generic greeting.

    Watch for generic greetings in email messages
    Watch for generic greetings in email messages
  7. Check the Signature – In addition to the greeting, phishing emails often leave out important information in the signature. Legitimate businesses will always have accurate contact details in their signature, so if a message’s signature looks incomplete or inaccurate, chances are it’s spam. In our HSBC example, the sender’s name and contact information are missing from the signature.

    Watch for generic signatures in phishing email messages.
    Watch for generic signatures in phishing email messages.
  8. Don’t download Attachments – With the proliferation of Ransomware as a Service (Raas), spammers have an easy mechanism for distributing malware-laden spam messages to thousands of users. And because the payout for ransomware can be quite high, even one successful ransomware infection could net the spammer large amounts of money. If there’s ANY doubt about the identity of the message sender or the contents of an attachment, play it safe and don’t download the attachment.
  9. Don’t trust the From address – Many phishing emails will have a forged sender address. The From address is displayed in two places. The Envelope From is used by mail servers to generate NDR messages, while the Header From is used by the email client to display information in the From field. Both of these headers can be spoofed. MDaemon Webmail has built-in security features to help users identify spoofed emails. Many mail clients hide the From address, only showing the From name, which can be easily spoofed. In MDaemon Webmail, the From address is always displayed, giving users a clearer view into the source of the email and helping them identify spoofed senders. Using our HSBC example, I’ve highlighted the actual sender.
    Phishing email highlighting the actual sending address
    Phishing email highlighting the actual sending address

    MDaemon Webmail will also display information in the Security tag to help users identify messages from verified senders, as shown here.

    MDaemon Webmail - DKIM-Verified Sender
    MDaemon Webmail – DKIM-Verified Sender
  10. Don’t Enable Macros – And while we’re on the subject of ransomware, another common vector for ransomware infections is through macros in Microsoft Word documents. These documents often arrive in phishing emails claiming to have important content from HR, Finance, or another important department, and to trick the user, they request the user to enable macros. Never trust an email that asks you to enable macros before downloading a Word document.

While anti-spam and anti-malware tools are quite effective at filtering out the majority of scams, there’s really no substitute for good old-fashioned user education. Know the potential costs to your business and don’t become the next victim!

If you’re the MDaemon or SecurityGateway administrator and need help with your security settings to help block as much phishing as possible before it reaches your users, give us a call or drop us an email support request.

 

 

 

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Another day, another attempt to scam me – but I know a phishing attempt when I see one!

Avoid phishing scamsIt’s just a fact of life: If there’s email, there will always be spam. Now, how much spam you have to deal with will depend on how good your spam filtering solution is. Here at MDaemon Technologies, we use our own products – MDaemon and Security Gateway, to filter out spam, malware, phishing attempts, and all of the other junk that often floods inboxes of users whose email server or hosted service isn’t as effective.

“If I have a good spam filter, do I REALLY need to know how to recognize phishing scams?”

If an email security company or hosted provider tells you their spam filter will catch 100% of spam, they’re not being completely honest. Most companies say their products catch 99% or 99.5% in their SLA (Service Level Agreement), with a false-positive rate of %.0001 or less. That’s reasonable and to be expected, especially considering the statistics.

According to public data, spam made up over 71% of global email traffic in April, 2014. As of September, 2018, spam volume had decreased to 54%, but considering that over 281 billion email messages are sent per day worldwide, that’s still over 151 billion spam messages sent every day, and while spam may be decreasing in total volume, it’s becoming more dangerous, with cryptojacking overtaking ransomware as the attack vector of choice for cybercriminals, and malware-as-a service turning cybercrime into a commodity for the masses,

So no matter how good an email security product is, there is always that chance that new and emerging (and sometimes tried-and true) social engineering techniques will succeed in tricking the next unsuspecting victim to part ways with his or her company’s bank account details.

And that brings me to the point of today’s post. It bears repeating that companies of all sizes and industries should consider ongoing training with their employees on how to recognize phishing attempts.

In today’s example, the scammer is using a classic BEC (Business Email Compromise) attack to try to get the recipient to open a malicious ISO file.

Phishing email using common Business Email Compromise tactics
Phishing email using common Business Email Compromise tactics

Because the threat of phishing and Business Email Compromise will continue well into the future, I will revisit this topic regularly throughout the year.

Meanwhile,  I would recommend sharing with all employees and business executives these 10 best practices for avoiding common email scams.

Business Email Compromise Protection Tips

 

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Prevent Leaks of Sensitive Business Data with Security Gateway for Email Servers

Data Leak Prevention - SecurityGatewayBusinesses of all types must maintain records containing personal information about their employees and customers, and executives and clients alike have a mutual interest in protecting that data. But there’s no guarantee that every employee will treat confidential account numbers, Social Security numbers, passport numbers or other personal data with the same amount of care. So how can we prevent this sensitive data from getting into the wrong hands?

We’ll show you how and give you a sneak preview of upcoming new data leak prevention rules in our latest Security Gateway for Email Servers video!

Click here for a detailed explanation of all DLP features.

If you’re not yet a Security Gateway user and would like to try it out, click here for a free trial.

Comments or questions? Let us know!

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Seedworm Operation Spreads Malware via Phishing Attacks

Phishing Spam Graphic2018 has been a busy year for new threats spread via email, with spear-phishing and Business-Email-Compromise (CEO fraud) the rising star for cyber-criminals intent on draining your bank account. Recent victims include Google and Facebook ($100 million lost), McEwan University (almost $12 million lost), a New York judge ($1 million), and a Dutch cinema chain (over $21.5 million). These threats will continue to grow as cyber-criminals try new tactics to separate you from your money. The latest trend involves using encrypted HTTPS connections to trick users into thinking they’re visiting a secure site.  This means users can no longer trust a site that displays the green padlock icon in the address bar. Always verify that you’re visiting a legitimate site before entering any personal information such as Social Security or credit card numbers, otherwise, your private data could be transmitted to a hacker.

As we continue to bring awareness to these threats, new ones emerge almost daily. In the past three months, a cyber-espionage group known as Seedworm (aka MuddyWater) has used spear-phishing attacks to infect 131 individuals with the Powermuddy backdoor (a new variant of their Powermud backdoor). Once a system has been compromised, this malware runs a tool that steals passwords from a user’s browser and email, often leading to access to the victim’s email and social media accounts.

Protect Yourself from the Latest Threats

Over the years, I’ve posted many times about phishing, spear-phishing, and other threats, with a variety of suggestions for protecting yourself and your business from becoming the next victim. Throughout these posts (from oldest to newest), you’ll find lots of tips to avoid being tricked by these email-borne scams.

As the threat landscape continues to evolve, businesses of all sizes must maintain awareness of the latest email-borne threats and educate staff at all levels, from entry level to C-suite. After all, without the right tools and procedures in place, it only takes one misguided mouse click to damage a business’ reputation or send it into bankruptcy.

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