Everybody knows phishing is costly to their organization. But how costly? Few organizations know for sure. Plenty of studies have claimed to calculate the cost of phishing, but the results are usually hard to swallow. For instance, does phishing cost your organization $1.6 million per incident? Or $3.7 million per year? Perhaps... but probably not. The issue with these figures is that they're...

Frustrating, isn’t it? It seems like no matter what you do, a few phishing emails always find their way into your users’inboxes. You’ve tweaked your spam filter, and you’re scanning every attachment… But nothing seems to work. Is it you? Are you making some glaring mistake? Probably not. We've discussed before why your users keep falling for phishing scams, and there's more to it. The...

We’ve all been there. That awful moment, when you realize it’s happened again. “Why do they never learn?” You ask yourself. “It really isn’t that hard!” Time and time again, your users click on malicious links and attachments in phishing emails, and it seems like no matter what you do to improve their awareness, it never gets any better. So why do they keep falling for phishing scams? Is it...

Compromised websites are an integral part of the cybercrime ecosystem. They are used by cybercriminals to host a wide range of malicious content, including phishing sites, exploit kits, redirects to other malicious sites, and other tools needed to carry out attacks. Why? One reason is because there is an abundance of insecure websites around the world that can be easily compromised. Another...

With low overhead and risk of prosecution, ransomware attacks have outpaced banking Trojans in sheer number of incidents, if not profit. Ransomware’s rapidly growing popularity has spawned dozens of variants, subtypes, and families as threat actors seek to outmaneuver researchers and competitors. In this dynamic threat landscape, alongside monitoring the established ransomware families for any...

Hackers targeting bitcoin wallet users are once again leveraging Google’s AdWords in their most recent campaigns. Phishlabs has previously seen similar attacks against banks and online gambling sites over the past year. Some of the most recent attacks have targeted Blockchain and Kraken and have been widely blogged and tweeted about over the past week. As seen in the screenshot below, a Google...

During a recent analysis of a business email compromise (BEC) scam, we observed a lure attempting to install the Olympic Vision Keylogger. Further research determined that this keylogger and the accompanying Olympic Vision Crypter were used in a larger campaign, targeting multiple organizations using a variety of different lures, including invoice lures and shipment confirmation lures. This...

Security education programs are sometimes mandated, always important, and often difficult to justify the investment. It is easy to get the powers that be to sign off on a once-per-year security awareness training program that will satisfy compliance requirements, but we all know by now that compliance does not equal security. The Information Security Forum (ISF) has defined information...

In a recent blog post, we wrote about Vawtrak expanding targets and gaining momentum. Fast forward a few months and the threat is anything but diminishing. Sophos just released a technical report on Vawtrak which discusses the significance of the threat and its Crimeware-as-a-Service model. In December 2014, Vawtrak version 0x38 was released including significant code and configuration changes...

We've all seen them before. The late prince Abdul has left us millions in inheritance and we need only provide a minor convenience fee to receive the funds. Advanced fee scams are nothing new and have been circulating the Internet since its inception. Until now, scammers have relied on email correspondence and convincing legal jargon to con victims out of their hard-earned dollars. Recently,...

On Friday, the full source code of the Dendroid Remote Access Trojan (RAT) was leaked. Dendroid is a popular crimeware package that targets Android devices and is sold on underground forums for $300. Usually the source code for botnet control panels is encrypted, so it was surprising to find the full source code for the Dendroid control panel included in the leaked files. Analyzing the leaked...

Phishing is a prevalent problem for businesses, particularly financial institutions. Over the years, many services have emerged to help organizations address phishing attacks that are targeting their customers' accounts. When seeking solutions, businesses find they have several options to choose from. These fall into three categories: Phishing takedown services Anti-phishing services ...

New MitM attacks impersonate banking sites without triggering alerts PhishLabs has observed a new wave of "Man-in-the-Middle" (MitM) attacks targeting users of online banking and social media. Customers of more than 70 different financial institutions are being targeted. In these attacks, hackers use spam to deliver malware that changes DNS settings and installs a rogue Certificate Authority...