ITCS - Cyber-Criminals Cashing in on Coronavirus

IT Security experts are warning of new phishing campaigns designed to capitalise on global fears of the fast-spreading corona virus.

There are a number of campaigns circulating which are spreading misinformation and conspiracy theories.

Mimecast has detected one such campaign, with emails titled “Singapore Specialist: Corona Virus Safety Measures.”

Of course, clicking on the link in the email will lead to a covert malware download.

According to Sherrod DeGrippo, senior director of threat research and detection at Proofpoint, cyber-criminals are also targeting credential theft with their attacks: “Our researchers have seen fake [Microsoft] Office 365, Adobe and DocuSign sites meant to steal credentials linked to coronavirus-themed emails.”

“The most notable developments we have seen are attacks that leverage conspiracy theory-based fears around purported unreleased cures for coronavirus and campaigns that abuse perceived legitimate sources of health information to manipulate users,” said DeGrippo.

Protect yourself against Cyber Threats:

There are a number of simple steps you can take to minimise risk, such as using a reliable IT Security solution and following safe cyber-hygiene practices such as strong password usage and never enabling macros in any attachments if you do open them.

Be vigilant at this time in relation to any emails or electronic communications purporting to be in relation to the support of those affected by the coronavirus.