12 Ways to Defend Against Email Impersonation Attacks: Your Ultimate Guide

Welcome to the third blog of Cybersecurity Awareness Month 2024, brought to you by Protected Harbor. In this article, we aim to analyze the growing threat of email impersonation attacks and provide actionable strategies to defend against these malicious attempts. Email impersonation is a rising concern globally, targeting both individuals and organizations to extract sensitive information or force financial transactions. Our goal is to equip you with the knowledge needed to protect yourself and your organization.

Understanding Email Impersonation Attacks

Before diving into defense strategies, it’s crucial to understand how these attacks work. Email impersonation often combines social engineering with technical manipulation, tricking recipients into believing they are communicating with trusted sources. Here are the most common forms of email impersonation attacks:

1. CEO Scams- In CEO scams, cybercriminals impersonate high-level executives, such as the CEO or CFO, to trick employees into transferring sensitive information or funds.
2. Phishing- Phishing involves attackers pretending to be a legitimate entity like a bank or online retailer, attempting to collect sensitive information or login credentials from the victim.
3. Spoofing- Email spoofing is when attackers fake the sender’s email address to make it appear as if it’s coming from a trusted source, but it’s actually sent from a fraudulent address.
4. Business Email Compromise (BEC)- BEC attacks occur when attackers impersonate business partners, vendors, or suppliers to request financial transfers or sensitive information under false pretenses.

Top 12 Ways to Defend Against Email Impersonation Attacks

To protect against these attacks, a multi-layered approach is essential, involving both technical and human controls. Below are 12 effective strategies to defend against email impersonation attacks:

1. Implement DMARC- Domain-based Message Authentication, Reporting, and Conformance (DMARC) helps organizations define how unauthenticated emails should be handled and provides reporting mechanisms to monitor suspicious email activity.
2. Use SPF and DKIM- Sender Policy Framework (SPF) and DomainKeys Identified Mail (DKIM) validate the sender’s domain and email content integrity. These tools verify that an email’s sender matches the domain it claims to be from, preventing spoofing.
3. Enable Two-Factor Authentication (2FA)- Adding an extra layer of security through 2FA ensures that even if login credentials are stolen, the attacker cannot access the email without a second verification, such as a text message or app-generated code.
4. Use Email Encryption- Encryption ensures that email contents are protected during transmission. Only the intended recipient can decrypt and access the message, making it difficult for attackers to intercept sensitive information.
5. Develop a Clear Email Security Policy- Creating a comprehensive email security policy is essential for defining how to handle emails containing sensitive information, how to report suspicious messages, and the procedures for responding to email impersonation attempts.
6. Conduct Regular Security Awareness Training- Cybersecurity training should be a continuous process. Regular training sessions will help employees identify phishing attempts, suspicious links, and spoofed emails, reducing the chances of falling victim to these attacks.
7. Implement Advanced Email Filtering- Email filters can block suspicious messages before they reach employees’ inboxes. Advanced filtering tools can flag or block emails from unknown senders, or those that use suspicious keywords or attachments.
8. Monitor Email Activity Regularly- Routine monitoring of email activity can help identify patterns or anomalies that may indicate an ongoing impersonation attempt. Early detection allows organizations to mitigate the threat before it escalates.
9. Verify Sender Information- Always double-check the sender’s email address and domain before acting on any requests. Attackers often use subtle changes in email addresses to impersonate legitimate senders.
10. Be Wary of Urgent or Threatening Emails- Be cautious of emails that attempt to create a sense of urgency, such as threats to cancel services or warnings about unauthorized account access. Attackers use these tactics to pressure victims into acting without thinking.
11. Use Strong Passwords- Ensure that all email accounts are protected with strong, unique passwords. Avoid using the same password across multiple platforms, and change passwords regularly.
12. Report Suspicious Emails- Always report suspicious emails to your IT department or email service provider. Quick action can prevent an impersonation attempt from becoming a successful attack.

Best Cybersecurity Practices for Individuals

While organizations are prime targets, individuals are equally vulnerable. Here are some key practices to stay secure:

1. Use a Secure Email Provider- Opt for email providers that offer enhanced security features like encryption and two-factor authentication.
2. Use a Password Manager- A password manager helps generate and store strong, unique passwords for every account, eliminating the risk of password reuse across multiple platforms.
3. Be Careful with Public Wi-Fi- Public Wi-Fi networks are often unsecured, making it easier for attackers to intercept communications. Avoid accessing sensitive information over public Wi-Fi.
4. Keep Software Updated- Outdated software often contains vulnerabilities that attackers can exploit. Ensure your email clients, operating systems, and other software are regularly updated with the latest security patches.

Best Cybersecurity Practices for Organizations

Organizations must adopt a proactive approach to email security. Here are some best practices:

1. Implement an Incident Response Plan- An incident response plan outlines the steps to take if an email impersonation attack is detected. Having a plan in place allows for a swift and coordinated response.
2. Conduct Regular Security Audits- Frequent security audits help identify vulnerabilities in your email systems before attackers can exploit them.
3. Use Email Authentication Protocols Implementing DMARC, SPF, and DKIM helps ensure that only legitimate emails reach your employees, reducing the risk of impersonation.
4. Provide Regular Security Awareness Training- Ongoing training ensures that employees stay informed about the latest tactics used in email impersonation attacks and know how to report suspicious activity.

Conclusion

Email impersonation attacks pose a significant threat to individuals and organizations alike. By implementing the strategies discussed in this article, you can drastically reduce your risk of falling victim to these sophisticated attacks. Protected Harbor is committed to safeguarding organizations with comprehensive cybersecurity solutions tailored to modern threats, including email impersonation attacks.

At Protected Harbor, we go beyond standard security measures by employing advanced cybersecurity tools and techniques designed to counter evolving threats. Our solutions include cutting-edge email filtering systems powered by AI-based threat detection, real-time monitoring, and automated incident response. Additionally, our anomaly detection systems identify unusual email behaviors that could signal an impersonation attack, while zero-trust frameworks ensure that each action within your network is continuously verified.

Moreover, our services are Secure by Design, meaning we integrate security protocols at every layer of your organization’s infrastructure from the ground up. From robust encryption to multi-factor authentication, we build systems with security as a core feature, not an afterthought. With our expertise, Protected Harbor provides a shield of protection against evolving cyber risks, ensuring your organization’s digital assets and sensitive information remain secure.

Take proactive steps today and trust Protected Harbor to safeguard your email systems with our best-in-class cybersecurity technologies. Reach out for a consultation and free IT Audit and fortify your defenses against email impersonation attacks.

FAQs: How to Defend Against Email Impersonation Attacks

1. What is an email impersonation attack?

An email impersonation attack occurs when an attacker sends an email that appears to come from a legitimate source to deceive the recipient into sharing sensitive information or performing a certain action.

2. How do email impersonation attacks work?

Attackers usually spoof an email address, making the email appear as if it’s from a trusted sender. They may include malicious links, attachments, or requests for sensitive data.

3. How can I identify an email impersonation attack?

Look for unusual requests, grammatical errors, and discrepancies in the email address or domain. Be wary of messages demanding urgent action or sensitive information.

4. What should I do if I receive an email impersonation attack?

Do not reply or click on any links. Report the email to your IT team or email provider and delete it.

5. How can I prevent email impersonation attacks?

Implement security protocols like DMARC, SPF, and DKIM, use strong passwords, and enable two-factor authentication for added protection.

6. How can I educate my employees about email impersonation attacks?

Regularly train your employees on recognizing, reporting, and responding to email threats. Ensure they understand the importance of following email security policies.

Top 10 Cybersecurity Threats in 2024 and How to Avoid Them

As the world becomes more interconnected and reliant on digital infrastructure, cybersecurity remains a critical concern for individuals, businesses, and governments alike. In 2024, cyber threats have become more sophisticated and pervasive, necessitating a proactive approach to safeguarding sensitive information. This article explores the top cybersecurity threats of 2024 and provides practical strategies to avoid them. We will also highlight how Protected Harbor, a leading Managed Service Provider (MSP) in the United States, stands out in the cybersecurity landscape.

1. Ransomware Attacks: The Ever-Growing Menace

Ransomware continues to be one of the most prevalent and damaging cyber threats in 2024. Cybercriminals deploy ransomware to encrypt victims’ data, demanding a ransom payment in exchange for the decryption key. This threat has evolved, with attackers now targeting critical infrastructure, healthcare systems, and even small businesses.

How to Avoid Ransomware Attacks

1. Regular Backups: Ensure regular backups of critical data and store them in an isolated environment.
2. Patch Management: Keep all software, including operating systems and applications, up to date to close vulnerabilities.
3. Employee Training: Educate employees about phishing scams and safe email practices.
4. Advanced Threat Detection: Implement advanced threat detection tools that can identify and neutralize ransomware before it causes harm.

2. Phishing and Social Engineering: Exploiting Human Weakness

Phishing remains a top cyber threat, with attackers increasingly using sophisticated social engineering techniques to trick individuals into revealing sensitive information. These attacks often appear as legitimate communications from trusted entities, making them difficult to detect.

How to Avoid Phishing Attacks

1. Awareness Programs: Regularly educate employees on recognizing phishing attempts and other social engineering tactics.
2. Email Filtering: Implement robust email filtering systems to detect and block phishing emails.
3. Two-Factor Authentication (2FA): Use 2FA to add an extra layer of security to online accounts, reducing the effectiveness of phishing attempts.
4. Regular Testing: Conduct simulated phishing attacks to test and improve your organization’s resilience against such threats.

3. Supply Chain Attacks: The New Frontier of Cyber Threats

In 2024, supply chain attacks have surged, targeting third-party vendors and service providers to gain access to larger organizations. These attacks can be devastating, as they often go undetected until significant damage has occurred.

How to Avoid Supply Chain Attacks

1. Vendor Assessment: Rigorously assess the security practices of all third-party vendors and service providers.
2. Network Segmentation: Segment your network to limit the impact of a potential breach.
3. Continuous Monitoring: Monitor third-party access to your systems in real-time to detect any unusual activity.
4. Contractual Obligations: Include cybersecurity requirements in contracts with vendors to ensure they adhere to the highest security standards.

4. AI-Powered Attacks: The Rise of Autonomous Cyber Threats

Artificial Intelligence (AI) has become a double-edged sword in cybersecurity. While it aids in detecting threats, it is also being used by cybercriminals to launch more sophisticated and autonomous attacks. AI-powered malware and automated phishing campaigns are just the beginning of this new threat landscape.

How to Avoid AI-Powered Attacks

1. Behavioral Analytics: Implement AI-driven behavioral analytics to detect anomalies that may indicate an AI-powered attack.
2. Threat Intelligence Sharing: Participate in threat intelligence sharing initiatives to stay ahead of AI-driven threats.
3. Continuous AI Research: Invest in research and development to keep pace with evolving AI threats.
4. Adaptive Security Systems: Deploy adaptive security systems that can respond to threats in real-time, leveraging AI to combat AI.

5. Cloud Security Risks: Protecting Data in a Remote World

As more organizations migrate to the cloud, security risks have multiplied. Misconfigurations, lack of visibility, and shared responsibility challenges make cloud environments attractive targets for cybercriminals.

How to Avoid Cloud Security Risks

1. Cloud Security Posture Management (CSPM): Use CSPM tools to continuously monitor and manage cloud configurations.
2. Data Encryption: Ensure that all sensitive data is encrypted both at rest and in transit.
3. Access Controls: Implement strict access controls, including the principle of least privilege, to limit who can access your cloud resources.
4. Regular Audits: Conduct regular security audits to identify and address potential vulnerabilities in your cloud infrastructure.

6. Internet of Things (IoT) Vulnerabilities: Securing Connected Devices

The proliferation of IoT devices has created new entry points for cyber attackers. These devices often lack robust security measures, making them easy targets for exploitation.

How to Avoid IoT Vulnerabilities

1. Device Authentication: Ensure all IoT devices are authenticated and authorized before they connect to your network.
2. Network Segmentation: Place IoT devices on a separate network segment to minimize the impact of a potential breach.
3. Firmware Updates: Regularly update the firmware of all IoT devices to patch known vulnerabilities.
4. Security by Design: Choose IoT devices that prioritize security features and work with vendors who adhere to best practices.

7. Insider Threats: The Danger Within

Insider threats, whether intentional or accidental, pose a significant risk to organizations. Employees or contractors with access to sensitive data can cause severe damage if they turn rogue or are careless.

How to Avoid Insider Threats

1. Access Management: Implement strict access controls to limit access to sensitive information based on roles and responsibilities.
2. Employee Monitoring: Use monitoring tools to detect unusual behavior or data access patterns that could indicate an insider threat.
3. Regular Audits: Conduct regular audits of access logs and data usage to identify potential insider threats.
4. Employee Engagement: Foster a positive workplace culture where employees feel valued and are less likely to engage in malicious activities.

8. Advanced Persistent Threats (APTs): The Silent Intruders

Advanced Persistent Threats (APTs) are highly sophisticated attacks where intruders gain long-term access to a network. These threats are often state-sponsored and target high-value assets, remaining undetected for extended periods.

How to Avoid APTs

1. Network Segmentation: Implement network segmentation to limit the movement of APTs within your environment.
2. Threat Hunting: Regularly engage in proactive threat hunting to detect APTs that may have bypassed traditional defenses.
3. Multi-Layered Security: Deploy a multi-layered security approach, including firewalls, intrusion detection systems, and endpoint protection.
4. Security Awareness Training: Ensure all employees are aware of the signs of APTs and know how to report suspicious activities.

9. Data Breaches: Safeguarding Sensitive Information

Data breaches remain a top concern in 2024, with attackers targeting personal, financial, and intellectual property data. The consequences of a data breach can be devastating, including financial losses, legal penalties, and reputational damage.

How to Avoid Data Breaches

1. Data Encryption: Encrypt sensitive data both at rest and in transit to protect it from unauthorized access.
2. Access Controls: Implement strict access controls to ensure only authorized individuals can access sensitive information.
3. Data Loss Prevention (DLP): Use DLP tools to monitor and control the flow of sensitive data within your organization.
4. Incident Response Plan: Develop and regularly update an incident response plan to quickly address any data breaches.

10. Zero-Day Vulnerabilities: Addressing the Unknown Threats

Zero-day vulnerabilities are flaws in software or hardware that are unknown to the vendor. Cybercriminals exploit these vulnerabilities before a patch is available, making them particularly dangerous.

How to Avoid Zero-Day Vulnerabilities

1. Patch Management: Implement a robust patch management process to quickly apply updates once they become available.
2. Threat Intelligence: Leverage threat intelligence to identify and mitigate zero-day vulnerabilities before they can be exploited.
3. Vulnerability Scanning: Regularly scan your systems for vulnerabilities, including potential zero-day flaws.
4. Bug Bounty Programs: Participate in or establish bug bounty programs to incentivize ethical hackers to report vulnerabilities.

Protected Harbor: Leading the Way in Cybersecurity

In a rapidly evolving cybersecurity landscape, it is crucial to partner with an MSP that is not only reactive but proactive in its approach to cybersecurity. Protected Harbor stands out as one of the top cybersecurity and managed service providers in the United States, offering a unique approach that sets us apart from the competition.

Our Approach to Cybersecurity

1. Proactive Monitoring: At Protected Harbor, we believe in staying one step ahead of cyber threats. Our advanced monitoring systems continuously scan for potential threats, allowing us to address issues before they escalate into significant problems.
2. Customized Solutions: We understand that each organization has unique security needs. Our team works closely with clients to develop tailored cybersecurity strategies that address specific vulnerabilities and requirements.
3. Commitment to Excellence: Our commitment to cybersecurity goes beyond technology. We invest in continuous training and development for our team to ensure they are equipped with the latest knowledge and skills to protect our clients effectively.
4. Comprehensive Support: From threat detection to incident response, Protected Harbor provides end-to-end cybersecurity services that ensure your organization is always protected.

Why Choose Protected Harbor?

1. Experience: With years of experience in the industry, we have a deep understanding of the ever-changing cybersecurity landscape.
2. Innovation: We leverage the latest technologies, including AI and machine learning, to provide cutting-edge cybersecurity solutions.
3. Trustworthiness: Our clients trust us to protect their most valuable assets, and we take that responsibility seriously. We are dedicated to providing reliable, secure, and transparent services.

Don’t leave your organization’s cybersecurity to chance. Partner with Protected Harbor today and experience the difference that a proactive, customized approach can make. Contact us now to schedule a consultation and take the first step towards securing your digital future.

The Most Common SMB Cybersecurity Threats And How to Protect Your Business

Even though cyberattacks on small and medium-sized enterprises don’t always make news, they pose a real threat to many professionals’ lives, their jobs, and the clients they represent. Because small and medium-sized businesses may lack the backup and mitigation capabilities of some of the more prominent players, SMB cyberattacks frequently impact them.

A new report from the National Small Business Association (NSBA) finds that small businesses are the most likely to be targeted by cybercriminals. The study, which was conducted in partnership with Norton by Symantec, found that small businesses make up 99% of all companies and are responsible for nearly half of all jobs in the United States.

Common SMB Cybersecurity Threats and Their Prevention

The research revealed that the most common SMB cybersecurity threats include social engineering, physical access to networks and data, malware (DDOS), phishing, ransomware, etc. Let’s discuss this in detail!

DDOS

A distributed denial of service (DDOS) attack overwhelms your network’s capacity. The United States targeted about 35% of distributed denial of service (DDoS) attacks in 2021. With slightly under 20% of attacks, the United Kingdom came in second and China third. The most common target is the computer and internet sector.

Using numerous compromised computer systems as sources of attack traffic, DDoS attacks are practical. Computers and other networked resources, like IoT devices, can be exploited by machines.

When viewed from a distance, a DDoS assault resembles unexpected traffic congestion that blocks the roadway and keeps ordinary traffic from reaching its destination.

How to Prevent DDOS

It is not enough to choose a good hosting provider; you also need to ensure that your website is configured correctly so that it will not be susceptible to a DDoS attack. You should use an effective Content Delivery Network (CDN) if possible because CDNs can help reduce the load on servers operated by your website and thus reduce the stress placed on them during an attack.

Phishing Attacks

Phishing attacks can also come through social engineering because they use spam messages that look authentic but contain links or attachments that look like something else. Financial institutions targeted 23.6% of all phishing attacks during the first quarter of 2022.

These attacks can be hazardous for small businesses because their employees may not know how to recognize fake emails from their bosses or co-workers.

How to Prevent Phishing Attacks?

The simplest way to protect yourself from phishing attacks is to educate your people on how to respond if they encounter one. Here are some tips:

• Don’t click on links in emails that aren’t from someone you know.
• Never enter personal information into forms in emails
• Don’t open attachments unless they come from someone you know and trust.

Malware

Malware is malicious software that can infiltrate a network, damage files, steal sensitive information, and encrypt data. It can spread through email attachments or links in social media posts. The professional sector was the first worldwide industry affected by malware assaults between November 2020 and October 2021. There were 1,234 malware incidences in the industry throughout the measurement period. With 775 such events, the information sector was in second place.

How to Prevent Malware?

• The good news is that there are several ways to protect yourself against malware attacks.
• Use antivirus software
• Keep your operating system up-to-date
• Use antivirus software with real-time protection
• Perform regular backups

Ransomware

In ransomware, data on a victim’s computer or mobile device is encrypted, and the victim is demanded to pay to have it decrypted. Ransomware affected 68.5% of businesses in 2021. This was the highest figure reported thus far and increased from the prior three years. Each year, more than half of all survey respondents said their employer had fallen victim to ransomware.

To release the data, cybercriminals demand ransom money from their victims. A vigilant eye and security software are advised to guard against ransomware infection. Following an illness, malware victims have three options: either they can pay the ransom, attempt to delete the software, or restart the device. Extortion Trojans use the Remote Desktop Protocol, phishing emails, and software flaws as attack vectors.

How to Prevent Ransomware?

A ransomware infection can’t be removed by turning off one computer and switching to another due to encryption. Getting your data back requires either recovering from a backup or paying the attackers. A malware infection can take anywhere from days (if it’s relatively simple) to weeks (if it’s more complicated).

Viruses

A security breach or loophole allows viruses to enter the equipment. Viruses come in various forms and are designed to damage your electronics. Computer viruses can impede computer performance, destroy or eliminate files, and impair programs. A virus can be acquired in several ways, including file sharing, corrupt emails, visiting malicious websites, and downloading destructive software. An increase in pop-up windows, unauthorized password changes to your account, destroyed files, and a slowdown in your network speed indicates that you have a virus on your computer.

How to Prevent Common Viruses?

There are many ways to protect from viruses attacks, but here are some of the most important ones:

• Don’t open attachments from unknown sources.
• Use antivirus software regularly. Antivirus software protects computers from viruses.

SQL injection

Relational databases can be accessed using the standard language known as SQL or Structured Query Language. Databases are used to store user information like usernames and passwords in apps and other forms of programming. Additionally, databases are frequently the most efficient and safe way to store various types of data, such as private bank account information and public blog postings and comments.

SQL queries frequently employ parameters to send data from users into a secure database or the other way around. Attackers can leverage the points where your app talks with a database using a SQL argument to access private data and other secured locations if the values in those user-supplied SQL arguments aren’t protected by sanitizing or prepared statements.

How to Prevent SQL Injection?

To prevent SQL injections, Use parameterized queries. Parameterized queries allow you to specify what parameters will be used in the question and what values will be permitted for each parameter. This prevents hackers from entering malicious data into your application.

Conclusion

Unfortunately, you can’t avoid cyber threats. But you can protect your business from them by investing in cybersecurity solutions.

Even though small businesses don’t have the same resources as larger enterprises, they can still protect themselves from cyber threats. You can start with basic security measures, such as installing antivirus software, updating your computer’s operating system, and using strong passwords. Additionally, you should consider investing in a cybersecurity solution.

Choosing the right cybersecurity service provider is just as important as the other steps your company takes to protect its data.

Unfortunately, many small businesses don’t have the resources to hire a full-time staff to manage their cybersecurity. That’s where a managed service provider like Protected Harbor comes in. Protected Harbor protects your data against cyber threats, including malware, ransomware, and data leaks. In addition, you have a team of experts at your side.

Our main focus is on risk reduction and breach prevention, so you can expect a lot of attention to detail regarding accounting monitoring and protection against malware, viruses, phishing scams, and other threats. The service also strongly focuses on data privacy, a highly sought-after feature among customers who work with sensitive data.

Get a free cybersecurity assessment, network penetration testing and secure your business today. Contact us today.

How Social Media Angler Phishing Attacks Target Businesses

Cybercriminals develop new methods every day for committing online fraud. This also applies to Angler Phishing, a recent type of cybercrime. This threat targets its victims via social media. The criminal gathers private information by posting false messages on a bogus social network account.

Social media is an effective tool for phishing attacks. The key to social media phishing is using personal information, such as a username and password, to trick users into revealing sensitive information about themselves. Most attacks are carried out via fake email messages, but there has also been an increase in phishing websites and malicious links.

In this blog, we’ll explain how Angler Phishing operates, how to spot it, and how to safeguard yourself against the potential loss of your data and possibly even your money.

What is Angler Phishing?

Angler phishing is a form of email fraud that uses fake websites to trick you into clicking on a link. This scam aims to steal your login credentials and use them to gain access to your bank account or other personal information.

The act of pretending to be a customer care account on social media to contact an irate customer is known as angler phishing. In these attacks, victims were lured into providing access to their personal information or account credentials in almost 55% of cases last year that targeted clients of financial institutions.

These scams are often spread by emails that appear to be from banks, authorities, or other reliable companies. The emails contain links or embedded images that can direct you to fake websites that appear legitimate. Once there, you’ll be asked to enter your account information — including login credentials for your bank accounts and email addresses for various social media platforms.

The goal is to steal your login credentials and use them to gain access to your bank account or other personal information.

How do Angler Phishing Attacks work?

Angler phishing attacks are simple but effective because they exploit a vulnerability in business-related social media accounts. In most cases, the attacker will create a web page with an identical URL address as the legitimate page they are trying to access.

When a BEC attack targets a business through social media, companies must take precautions against these cyberattacks.

Impact Of Angler Phishing Attacks on Business

If you run a company or have a presence on social media, you should be aware of the impact of an angler phishing attack on your brand’s reputation:

1.   Business Disruption

A business may suffer a substantial loss due to a cyberattack, mainly if malware infestation is involved. A complete reversal of operations may be necessary to address the hack. The virus may require the company to operate on a skeleton crew or suspend operation altogether until the malware has been removed.

An interruption of business services can cause significant economic disruptions if the economy is already fragile. A cyberattack could also increase crime rates, making the situation worse.

Business disruption can result from both natural disasters and manufactured events like cyberattacks. The latter category includes everything from information theft to destructive viruses that target specific industries or sectors of society.

2.   Revenue Loss

Loss of revenue can have a huge impact, especially for businesses that rely on the internet and e-commerce. The costs of fraud, cyber security breaches, and other types of attacks can be very high, so it is essential to prevent them from happening in the first place.

The first step is creating an active cyber security policy that clearly outlines what the organization expects from its employees, what it will do if a breach happens and how it will respond to such an event.

Secondly, training employees about the importance of validating incoming data before acting on it is essential. Employees should also be made aware that no information should be shared with anyone outside their team without prior authorization.

3.   Intellectual Property Loss

Even if businesses are not protected under a ransomware attack, they risk losing user data, trade secrets, research, and blueprints. Regulatory companies, tech companies, pharmaceutical and defense providers are often hit the hardest. A company losing a patented invention for millions of dollars would no longer be able to afford to undertake the kinds of research and development that precede it.

Attempting to struggle directly with financial setbacks is simpler than you might think, but it’s far more challenging to do well without handling sensitive company info appropriately.

Trade Secrets Theft also has severe implications for manufacturers and suppliers who rely on customer relationship management (CRM) systems to track sales trends and contact lists. Suppose a hacker could access these systems and steal trade secret information such as product formulas or pricing strategies. In that case, this could seriously impair their ability to compete against other companies that have not been victimized by cybercrime.

4.   Reputation Effect

While the damage to reputation is the most significant consequence of a data breach, it’s not the only one. The costs involved in mitigating a breach can be substantial.

Although many companies have experienced data breaches, few have suffered the consequences. However, even though there are many benefits to having your own data breach preparedness plans, you still need to consider some risks before implementing one.

Conclusion

While many types of attacks from botnets or DDoS attacks use malvertising to gain access to sensitive business data, Angler phishing can potentially allow for the same. As a result, businesses need to be aware that such attacks exist and how they work to prevent them from occurring in the first place.

Another tip is to be wary of links in emails. Most email links don’t go anywhere and are just there for decoration.

Many companies are likely unaware of such attacks against their networks, trying to mitigate them once they occur. The best way to avoid these attacks is to be skeptical of any links or offers you see on social media. Protected Harbor is your partner in safeguarding your business against cyber threats. With our risk-based approach to security and our experience with thousands of customers, we can create a solution that works for you. Our team of experts will assess your organization’s security posture and recommend how to improve it. We will also develop a detailed action plan to help you stay secure from phishing emails, ransomware, and threat detection and response.

We offer a free cybersecurity audit to all businesses, regardless of size or industry. Contact one of our cybersecurity experts today.

Top 10 Ransomware Attacks

Ransomware Definition

Ransomware is a type of malware (malicious software) that threatens to publish or prevent access to data or a computer system, typically by encrypting it. The victim is faced with the ultimatum of either paying a ransom or risking the publication or permanent loss of their data or access to their system. The ransom demand usually involves a deadline. If the victim doesn’t pay on time, the data is permanently lost, or the ransom is increased.

Attacks using ransomware are all too frequent these days. It has affected both large firms in North America and Europe. Cybercriminals will target any customer or company, and victims come from every sector of the economy.

The FBI and other government agencies, as does the No More Ransom Project, advise against paying the ransom to prevent the ransomware cycle because it doesn’t ensure retrieval of the encrypted data. If the ransomware is not removed from the system, 50% of the victims who pay the ransom will likely experience further attacks.

History and Future of Ransomware

According to Becker’s Hospital Review, the first known ransomware attack occurred in 1989 and targeted the healthcare industry. 28 years later, the healthcare industry remains a top target for ransomware attacks.

The first known attack was initiated in 1989 by Joseph Popp, Ph.D., an AIDS researcher, who attacked by distributing 20,000 floppy disks to AIDS researchers spanning more than 90 countries, claiming that the disks contained a program that analyzed an individual’s risk of acquiring AIDS through the use of a questionnaire.

However, the disk also contained a malware program that initially remained dormant in computers, only activating after a computer was powered on 90 times. After the 90-start threshold was reached, the malware displayed a message demanding a payment of $189 and another $378 for a software lease. This ransomware attack became known as the AIDS Trojan or the PC Cyborg.

There will be no end to ransomware anytime soon. Ransomware as a service raas attacks have skyrocketed in 2021 and will continue to rise. About 304.7 million ransomware attacks were attempted in the first half of 2021, and many attacks went unreported as per Ransomware statistics 2021.

A recent report by Tripwire supported the fact that ransomware will keep growing, and the post-ransomware costs will keep climbing significantly. There’s no denying the fact that Ransomware is being used as a weapon, and how ransomware spreads is no longer a mystery.

Modern-day attacks target operational technology, operating system, medical and healthcare services, third-party software, and IoT devices. Fortunately, organizations don’t have to be sitting ducks; they can minimize the risk of attacks by being proactive and having a reliable ransomware data recovery infrastructure.

Top Ransomware Attacks

1. Kia Motors

Kia Motors America (KMA) was hit by a ransomware attack in February that hit both internal and customer-facing systems, including mobile apps, payment services, phone services, and dealership systems. The hack also impacted customers’ IT systems that were required to deliver new vehicles.

DoppelPaymer was thought to be the ransomware family that hit Kia, and the threat actors claimed to have also targeted Kia’s parent business, Hyundai Motors America. Similar system failures were also experienced by Hyundai.

On the other hand, Kia and Hyundai denied being assaulted, a frequent approach victims use to protect their reputation and customer loyalty.

2. CD Projekt Red

In February 2021, a ransomware attack hit CD Projekt Red, a video game studio located in Poland, causing significant delays in developing their highly anticipated next release, Cyberpunk 2077. The threat actors apparently stole source codes for numerous of the company’s video games, including Cyberpunk 2077, Gwent, The Witcher 3, and an unpublished version of The Witcher 3.

According to CD Projekt Red, the unlawfully obtained material is currently being distributed online. Following the incident, the company installed many security measures, including new firewalls with anti-malware protection, a new remote-access solution, and a redesign of critical IT infrastructure, according to the company.

3. Acer

Acer, a Taiwanese computer manufacturer, was hit by the REvil ransomware outbreak in March. This attack was notable because it demanded a ransom of $50,000,000, the greatest known ransom to date.

According to Advanced Intelligence, the REvil gang targeted a Microsoft Exchange server on Acer’s domain before the attack, implying that the Microsoft Exchange vulnerability was weaponized.

4. DC Police Department

The Metropolitan Police Department in Washington, D.C., was hit by ransomware from the Babuk gang, a Russian ransomware syndicate. The police department refused to pay the $4 million demanded by the group in exchange for not exposing the agency’s information and encrypted data.

Internal material, including police officer disciplinary files and intelligence reports, was massively leaked due to the attack, resulting in a 250GB data breach. Experts said it was the worst ransomware attack on a police agency in the United States.

5. Colonial Pipeline

The Colonial Pipeline ransomware assault in 2021 was likely the most high-profile of the year. The Colonial Pipeline transports roughly half of the fuel on the East Coast. The ransomware attack was the most significant hack on oil infrastructure in US history.

On May 7, the DarkSide group infected the organization’s computerized pipeline management equipment with ransomware. DarkSide’s attack vector, according to Colonial Pipeline’s CEO, was a single hacked password for an active VPN account that was no longer in use. Because Colonial Pipeline did not use multi-factor authentication, attackers could access the company’s IT network and data more quickly.

6. Brenntag

In May, Brenntag, a German chemical distribution company, was also struck by a DarkSide ransomware attack around the same time as Colonial Pipeline. According to DarkSide, the hack targeted the company’s North American business and resulted in the theft of 150 GB of critical data.

They got access by buying stolen credentials, according to DarkSide affiliates. Threat actors frequently buy stolen credentials — such as Remote Desktop credentials — on the dark web, which is why multi-factor authentication and detecting unsafe RDP connections are critical.

The first demand from DarkSide was 133.65 Bitcoin, or nearly $7.5 million, which would have been the highest payment ever made. Brenntag reduced the ransom to $4.4 million through discussions, which they paid.

7. Ireland’s Health Service Executive (HSE)

In May 2021, a variation of Conti ransomware infected Ireland’s HSE, which provides healthcare and social services. The organization shut down all of its IT systems after the incident. Many health services in Ireland were impacted, including the processing of blood tests and diagnoses.

The firm refused to pay the $20 million ransom in Bitcoin because the Conti ransomware group provided the software decryption key for free. However, the Irish health service was still subjected to months of substantial disruption as it worked to repair 2,000 IT systems that had been infected by ransomware.

8. JBS

Also, in May 2021, JBS, the world’s largest meat processing plant, was hit by a ransomware attack that forced the company to stop the operation of all its beef plants in the U.S. and slow the production of pork and poultry. The cyberattack significantly impacted the food supply chain and highlighted the manufacturing and agricultural sectors’ vulnerability to disruptions of this nature.

The FBI identified the threat actors as the REvil ransomware-as-a-service operation. According to JBS, the threat actors targeted servers supporting North American and Australian IT systems. The company ultimately paid a ransom of $11 million to the Russian-based ransomware gang to prevent further disruption.

9. Kaseya

Kaseya, an IT services company for MSP and enterprise clients, was another victim of REvil ransomware — this time during the July 4th holiday weekend. Although only 1% of Kaseya’s customers were breached, an estimated 800 to 1500 small to mid-sized businesses were affected through their MSP. One of those businesses included 800 Coop stores, a Sweden-based supermarket chain that was forced to temporarily close due to an inability to open their cash registers.

The attackers identified a chain of vulnerabilities — ranging from improper authentication validation to SQL injection — in Kaseya’s on-premises VSA software, which organizations typically run in their DMZs. REvil then used MSP’s Remote Monitoring and Management (RMM) tools to push out the attack to all connected agents.

10. Accenture

The ransomware gang LockBit hit Accenture, the global tech consultancy, with an attack in August that resulted in a leak of over 2,000 stolen files. The slow leak suggests that Accenture did not pay the $50 million ransom.

According to CyberScoop, Accenture knew about the attack on July 30 but did not confirm the breach until August 11, after a CNBC reporter tweeted about it. CRN criticized the firm for its lack of transparency about the attack, saying that the incident was a “missed opportunity by an IT heavyweight” to help spread awareness about ransomware.

Bonus: CNA Financial (2021)

CNA Financial, the seventh largest commercial insurer in the United States, announced on March 23, 2021, that it had “experienced a sophisticated cybersecurity attack.” Phoenix Locker ransomware was used in the attack, which was carried out by a group called Phoenix.

CNA Financial paid $40 million in May 2021 to regain access to the data. While CNA has been tight-lipped about the specifics of the negotiation and sale, it claims that all of its systems have been fully restored since then.

Types of ransomware:

There are two main types of ransomware:

1. Crypto Ransomware

   Crypto ransomware encrypts files on a computer so the user cannot access them.

2. Locker Ransomware

   Does not encrypt files. Rather, it locks the victim out of their device, preventing them from using it. Once they are locked out, cybercriminals carrying out locker ransomware attack demands a ransom to unlock the device.

Now you understand what ransomware is and the two main types of ransomware that exist. Let’s explore 10 types of ransomware attacks to help you understand how different and dangerous each type can be.

• Locky

  Locky is a type of ransomware that was first released in a 2016 attack by an organized group of hackers. With the ability to encrypt over 160 file types, Locky spreads by tricking victims to install it via fake emails with infected attachments. This method of transmission is called phishing, a form of social engineering. Locky targets a range of file types that are often used by designers, developers, engineers, and testers.

• WannaCry

  WannaCry is a ransomware attack that spread across 150 countries in 2017. Designed to exploit a vulnerability in Windows, it was allegedly created by the United States National Security Agency and leaked by the Shadow Brokers group. WannaCry affected 230,000 computers globally. The attack hit a third of hospital trusts in the UK, costing the NHS an estimated £92 million. Users were locked out and a ransom was demanded in the form of Bitcoin. The attack highlighted the problematic use of outdated systems, leaving the vital health service vulnerable to attack. The global financial impact of WannaCry was substantial -the cybercrime caused an estimated $4 billion in financial losses worldwide.

• Bad Rabbit

  Bad Rabbit is a 2017 ransomware attack that spread using a method called a ‘drive-by’ attack, where insecure websites are targeted and used to carry out an attack. During a drive-by ransomware attack, a user visits a legitimate website, not knowing that they have been compromised by a hacker. Drive-by attacks often require no action from the victim, beyond browsing the compromised page. However, in this case, they are infected when they click to install something that is malware in disguise. This element is known as a malware dropper. Bad Rabbit used a fake request to install Adobe Flash as a malware dropper to spread its infection.

• Ryuk

  Its a ransomware, which spread in August 2018, disabled the Windows System Restore option, making it impossible to restore encrypted files without a backup. Ryuk also encrypted network drives. The effects were crippling, and many organizations targeted in the US paid the demanded ransoms. August 2018 reports estimated funds raised from the attack were over $640,000.

• Troldesh

  The Troldesh ransomware attack happened in 2015 and was spread via spam emails with infected links or attachments. Interestingly, the Troldesh attackers communicated with victims directly over email to demand ransoms. The cybercriminals even negotiated discounts for victims with who they built a rapport with — a rare occurrence indeed. This tale is the exception, not the rule. It is never a good idea to negotiate with cybercriminals. Avoid paying the demanded ransom at all costs as doing so only encourages this form of cybercrime.

• Jigsaw

  Jigsaw is a ransomware attack that started in 2016. This attack got its name as it featured an image of the puppet from the Saw film franchise. Jigsaw gradually deleted more of the victim’s files each hour that the ransom demand was left unpaid. The use of horror movie imagery in this attack caused victims additional distress.

• CryptoLocker

  CryptoLocker is ransomware that was first seen in 2007 and spread through infected email attachments. Once on your computer, it searched for valuable files to encrypt and hold to ransom. Thought to have affected around 500,000 computers, law enforcement, and security companies eventually managed to seize a worldwide network of hijacked home computers that were being used to spread Cryptolocker. This allowed them to control part of the criminal network and grab the data as it was being sent, without the criminals knowing. This action later led to the development of an online portal where victims could get a key to unlock and release their data for free without paying the criminals.

• Petya

  Petya (not to be confused with ExPetr) is a ransomware attack that first hit in 2016 and resurged in 2017 as GoldenEye. Rather than encrypting specific files, this vicious ransomware encrypts the victim’s entire hard drive. It does this by encrypting the primary file table, making accessing files on the disk impossible. Petya spread through HR departments via a fake job application email with an infected Dropbox link.

• GoldenEye

  The resurgence of Petya, known as GoldenEye, led to a global ransomware attack that happened in 2017. Dubbed WannaCry’s ‘deadly sibling,’ GoldenEye hit over 2,000 targets, including prominent oil producers in Russia and several banks. Frighteningly, GoldenEye even forced workers at the Chernobyl nuclear plant to check radiation levels manually as they had been locked out of their Windows PCs.

• GandCrab

  GandCrab is a rather unsavory famous ransomware attack that threatened to reveal the victim’s porn-watching habits. Claiming to have a high-jacked user’s webcam, GandCrab cybercriminals demanded a ransom, or otherwise, they would make the embarrassing footage public. After having first hit in January 2018, GandCrab evolved into multiple versions. As part of the No More Ransom Initiative, internet security providers and the police collaborated to develop a ransomware decryptor to rescue victims’ sensitive data from GandCrab.

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How to Spot a Ransomware Email

You now know about the various types of ransomware attacks that have been perpetrated against individuals and businesses in recent years. Many of the victims of the ransomware attacks we’ve mentioned became infected after clicking on links in spam or phishing emails or opening malicious attachments.

So, how can you avoid being a victim of a ransomware assault if you receive a ransomware email? Checking the sender is the easiest approach to recognizing a ransomware email. Is it from a reliable source? Always be cautious if you receive an email from someone or a firm you don’t recognize.

Never open email attachments from senders you don’t trust, and never click on links in emails from untrustworthy sources. If the attachment asks you to activate macros, proceed with caution. This is a popular method of ransomware distribution.

How to Protect Your Data from Phishing Sites

What’s a Phishing Attack?

A phishing attack is a deceptive attempt by cybercriminals to trick individuals into divulging sensitive information, such as usernames, passwords, or financial details, by masquerading as a trustworthy entity. These attacks often occur via email, where the attacker sends a fraudulent message appearing to be from a legitimate organization, enticing recipients to click on malicious links or provide confidential information. Phishing attacks can also occur through other communication channels, such as text messages or social media platforms.

To protect against phishing attacks, organizations and individuals employ various measures, including secure email protocols, email security solutions, and secure browsing practices. Secure email protocols utilize encryption and authentication mechanisms to prevent unauthorized access to sensitive information during transmission. Email security solutions, such as spam filters and malware scanners, help detect and block phishing attempts before they reach recipients’ inboxes. Secure browsing practices involve verifying website URLs, avoiding clicking on suspicious links, and being cautious when sharing personal information online.

Common types of phishing attacks include spear phishing, where attackers target specific individuals or organizations, and pharming, where attackers redirect users to fraudulent websites. By implementing robust data protection measures and promoting awareness of phishing techniques, individuals and organizations can mitigate the risks posed by these malicious attacks and safeguard sensitive information from unauthorized access and exploitation.

Here’s How Phishing Works

In today’s digital landscape, understanding how phishing works is essential for safeguarding your data and maintaining secure communication channels. Phishing, a form of cyber attack, typically involves fraudulent emails or messages disguised as legitimate entities to deceive recipients into revealing sensitive information. These attacks aim to compromise data protection measures and exploit vulnerabilities in secure email systems.

There are various types of phishing tactics employed by cybercriminals, including deceptive emails, spear phishing targeting specific individuals or organizations, and pharming redirecting users to malicious websites. Ensuring robust email security protocols and practicing secure browsing habits are paramount in mitigating phishing risks.

To fortify defenses against phishing attempts, prioritize implementing secure email solutions and employ encryption methods to safeguard sensitive information. Additionally, educate users on recognizing phishing red flags, such as suspicious sender addresses or unsolicited requests for personal data.

By understanding the mechanisms of phishing attacks and bolstering email security measures, individuals and organizations can proactively defend against data breaches and uphold robust data protection standards. Stay vigilant, stay informed, and stay secure in the ever-evolving landscape of cyber threats.

What to do if you fall victim?

If you fall victim to a phishing attack and disclose sensitive personal information, take immediate action. Notify your bank or financial institution to secure your accounts and monitor for fraudulent activity. Change your passwords for affected accounts and enable two-factor authentication where possible. Report the phishing attempt to the appropriate authorities, such as the Anti-Phishing Working Group or the Federal Trade Commission. Additionally, educate yourself and others on how to recognize and avoid phishing scams in the future. Remember to report any suspicious contacts to help prevent others from falling victim to similar attacks.

Tips to Fight Identity Theft

Protecting yourself from identity theft involves taking proactive steps and being aware of common risks and preventive measures. Here are effective ways to prevent identity theft:

1. Safeguard Personal Information: Refrain from disclosing sensitive details such as Social Security numbers, account numbers, or passwords online or over the phone unless you initiated the contact. This precaution is crucial in thwarting unauthorized access.

2. Exercise Caution with Emails: Avoid clicking on links in suspicious emails, as they may contain viruses that compromise your computer’s security. Instead, type the website URL directly into your browser or use a trusted bookmarked page.

3. Remain Skeptical of Threats: Do not succumb to urgent emails or calls threatening severe consequences if you do not provide financial information immediately. Verify the authenticity of such communications independently by visiting the company’s official website.

4. Act Promptly if Targeted: If you suspect or experience identity theft, take immediate action. Alert your financial institution, place fraud alerts on your credit files, and closely monitor your credit reports and account statements for unauthorized activity.

5. Report Suspicious Activity: Report any suspicious emails or calls related to identity theft to the Federal Trade Commission (FTC) or call 1-877-IDTHEFT. Timely reporting helps mitigate potential damage and prevent further incidents.

By adhering to these preventive measures and promptly addressing any signs of identity theft, you can significantly reduce the risk of falling victim to fraudulent activities. Being proactive and cautious with your personal information is essential in safeguarding your financial security in today’s digital landscape.