email phishing scams | Breaking Cybersecurity News | The Hacker News

Phishing attacks have become one of the business world's top cybersecurity concerns. These social engineering attacks have been rising over the years, with the most recent report from the Anti-Phishing Working Group coalition identifying over 266,000 active spoofed websites, which is nearly double the number detected during Q4 2018. Hackers have evolved their methods, from regular phishing attacks to spear phishing, where they use email messages disguised as coming from legitimate sources to dupe specific individuals. This is why the global spear phishing protection software market is estimated to reach $1.8 billion by 2025. However, conventional defenses can still fall short due to one particular weakness in the security perimeter – the human factor. Indeed, some 33 percent of 2019's data breaches involved humans falling victim to social engineering attacks. And given how sophisticated and creative the phishing perpetrators have been getting, it's easy to see h...

Security researchers have been warning about a simple technique that cyber criminals and email scammers are using in the wild to bypass most AI-powered phishing detection mechanisms implemented by widely used email services and web security scanners. Dubbed ZeroFont , the technique involves inserting hidden words with a font size of zero within the actual content of a phishing email, keeping its visual appearance same, but at the same time, making it non-malicious in the eyes of email security scanners. According to cloud security company Avanan , Microsoft Office 365 also fails to detect such emails as malicious crafted using ZeroFont technique. Like Microsoft Office 365, many emails and web security services use natural language processing and other artificial intelligence-based machine learning techniques to identify malicious or phishing emails faster. The technology helps security companies to analyze, understand and derive meaning from unstructured text embedded in an...

The latest Palo Alto Networks Unit 42 Cloud Threat Report found that sensitive data is found in 66% of cloud storage buckets. This data is vulnerable to ransomware attacks. The SANS Institute recently reported that these attacks can be performed by abusing the cloud provider's storage security controls and default settings. "In just the past few months, I have witnessed two different methods for executing a ransomware attack using nothing but legitimate cloud security features," warns Brandon Evans, security consultant and SANS Certified Instructor. Halcyon disclosed an attack campaign that leveraged one of Amazon S3's native encryption mechanisms, SSE-C, to encrypt each of the target buckets. A few months prior, security consultant Chris Farris demonstrated how attackers could perform a similar attack using a different AWS security feature, KMS keys with external key material, using simple scripts generated by ChatGPT. "Clearly, this topic is top-of-mind for both threat actors and ...

The United States Department of Justice announced Monday the arrest of 74 email fraudsters across three continents in a global crackdown on a large-scale business email compromise (BEC) scheme. The arrest was the result of a six-month-long operation dubbed " Operation Wire Wire " that involved the US Department of Justice, the US Department of Homeland Security, the US Treasury, and the US Postal Inspection Service. The international law enforcement authorities led by the FBI arrested 42 of the total 74 individuals involved in BEC scheme in the United States, 29 in Nigeria and 3 each in Canada, Mauritius, and Poland. "Foreign citizens perpetrate many BEC scams. Those individuals are often members of transnational criminal organizations, which originated in Nigeria but have spread throughout the world," the DoJ says. Moreover, the authorities seized nearly $2.4 million and recovered about $14 million in fraudulent transfers, according to the FBI, which estima...