No Break in Phishing Scams

Technology has made life easier in every single aspect. However, with the increasing adoption of online services, phishing scams have also evolved.

What’s going on?

An employee of Freedom Finance fell victim to a phishing email, resulting in the loss of data of 16,000 clients from 2018. The hacking also disrupted the internal networks of the company. It is believed that the system was hacked with the purpose of blackmailing the firm and extorting money.

Other recent incidents

  • A massive phishing scam was discovered that impersonated a security notice from Chase stating that the victim’s account was blocked due to suspicious activity.
  • The U.S. Department of Justice seized two domains pretending to be the official websites of Moderna and Regeneron, biotech companies involved in COVID-19 vaccine development. The websites were used to run scams, infect victims with malware, and collect sensitive information.
  • A credential phishing attack was detected by Abnormal Security that impersonated the U.S. Postal Service. The attack aimed to lure victims into giving up their credentials.

Worth noting

Currently, the healthcare sector has become a treasure trove of intellectual property and valuable data in the context of COVID-19. In addition to this, supply chain attacks have become a major threat to all organizations.

The bottom line

Phishing scams are not going anywhere with the constant evolution of attack techniques, tactics, and procedures. However, they can be largely prevented by following basic cybersecurity hygiene.