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Cyber-Criminals Tend to Use Enterprise-Based Strategies for the Threat of Phishing

During the research period, with 6,035 domains, and 120 kit variations, high technology was the top industry targeted by phishing

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Cyber-Criminals
This evolving method by Cyber-Criminals continues to morph into different techniques, one of which being business email compromise (BEC) attacks. Pixabay

Cyber-Criminals are using enterprise-based development and deployment strategies, such as phishing as a service (PaaS), to leverage some of the worlds largest tech brands, with 42.63 per cent of domains observed targeting Microsoft, PayPal, DHL, and Dropbox, a report from Cloud delivery network provider Akamai Technologies said on Monday.

The report also revealed that phishing is no longer just an email-based threat, but has expanded to include social media and mobile devices, creating a wide-reaching problem that touches all industries.

This evolving method continues to morph into different techniques, one of which being business email compromise (BEC) attacks.

According to the FBI, BEC attacks resulted in worldwide losses of more than $12 billion between October 2013 and May 2018.

“Phishing is a long-term problem that we expect will have adversaries continuously going after consumers and businesses alike until personalized awareness training programs and layered defense techniques are put in place,” said Martin McKeay, Editorial Director of the State of the Internet/Security report for Akamai.

The report found that Cyber-Criminals are targeting top global brands and their users across various industries through highly-organized and sophisticated phishing kit operations.

During the research period, with 6,035 domains, and 120 kit variations, high technology was the top industry targeted by phishing.

Following that, financial services, with 3,658 domains and 83 kit variants, was the second most-targeted industry. E-Commerce (1,979 domains, 19 kit variants) and media (650 domains, 19 kit variants) rounded out the list. In all, more than 60 global brands were targeted during the reporting period.

Cyber-Criminals
Cyber-Criminals are using enterprise-based development and deployment strategies, such as phishing as a service (PaaS), to leverage some of the worlds largest tech brands, with 42.63 per cent of domains observed targeting Microsoft, PayPal, DHL, and Dropbox. Pixabay

According to the report, Microsoft, PayPal, DHL, and Dropbox were the top targeted brands when it came to phishing, with Microsoft taking up 21.88 per cent of total domains (3,897 domains and 62 kit variants), PayPal taking up 9.37 per cent of total domains (14 kit variants), DHL (7 kit variants) taking up 8.79 per cent of total domains and Dropbox having 2.59 per cent (11 kit variants) of total domains.

Sixty per cent of the phishing kits observed were active for 20-days or less during the reporting period, which is becoming more common among phishing attacks.

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This short lifespan is likely why criminals continue to develop new evasion methods to keep their kits undetected. (IANS)

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Home Minister Amit Shah Inaugurates Indian Cyber Crime Coordination Centre

Citizens now can report cyber crimes online

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Cyber crime centre
Indian Cyber Crime Coordination Centre is a citizen-centric initiative that will enable citizens to report cyber crimes online. Pixabay

Union Home Minister Amit Shah on Friday inaugurated the Indian Cyber Crime Coordination Centre (I4C) and also the dedicated National Cyber Crime Reporting Portal to the nation, a citizen-centric initiative that will enable citizens to report cyber crimes online.

This state-of-the-art Centre is located in New Delhi.

The scheme to set up I4C was approved in October 2018 at an estimated cost of Rs 415.86 crore to deal with all types of cybercrimes in a comprehensive and coordinated manner. It has seven components — a national cyber crime threat analytics unit, a national cyber crime reporting portal, a national cyber crime training centre, a cyber crime ecosystem management unit, a national cyber crime research and innovation centre, a national cyber crime forensic laboratory ecosystem and platform for joint cyber crime investigation team.

Cyber crime centre india
The scheme to set up Indian Cyber Crime Coordination Centre was approved in October 2018 at an estimated cost of Rs 415.86 crore to deal with all types of cybercrimes in a comprehensive and coordinated manner. Pixabay

At the initiative of the Ministry for Home Affairs (MHA), 15 states and Union Territories (UTs) have given their consent to set up regional Cyber Crime Coordination Centres at their respective regions, a government statement said.

“National Cyber Crime Reporting Portal (www.cybercrime.gov.in) is a citizen-centric initiative that will enable citizens to report cyber crimes online through the portal. All the cyber crime related complaints will be accessed by the concerned law enforcement agencies in the states and UTs for taking action as per law.”

This portal was launched on pilot basis on August 30, 2019 and it enables filing of all cyber crimes with specific focus on crimes against women, children, particularly child pornography, child sex abuse material, online content pertaining to rapes and gang rapes.

So far, more than 700 police districts and more than 3,900 police stations have been connected with this portal, said the statement. After its successful completion, this portal can improve the capacity of the law enforcement agencies to investigate the cases and will improve success in prosecution and also focuses on specific crimes like financial crime and social media related crimes like stalking and cyber bullying.

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This portal will also improve coordination amongst the law enforcement agencies of different states, districts and police stations for dealing with cyber crimes in a coordinated and effective manner, said the statement, adding the MHA is committed to provide and create an eco system for dealing with the cyber crimes in a comprehensive and coordinated manner.

“In future, this portal will provide for chatbot for automated interactive assistance system to the public for guidance on cybercrime prevention and how to report incidents on the portal.” (IANS)