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Coronavirus Themed Phishing Attacks Continue to Rise

Malware attacks, Credentials-stuffing scams and other Coronavirus themed email attacks continue to rise as the pandemic ripens.

New data by researchers has demonstrated that cybercriminals are preying on people's concerns regarding the COVID-19 pandemic and carrying out sophisticated phishing, malware and email attacks. The sudden upsurge in the related attacks imply that attackers were quick to adapt to the new global health crisis environment and exploit it in their favor.

As per Barracuda Networks, an American IT security company, the number of email attacks associated with the new Coronavirus has seen a steady surge since January, the type of attack has recorded a 667% spike by the end of February. As per the data, January recorded a total of 137 attacks only, while in the month of February the number spiked to a whopping 1,188 and between March 1st to 23rd, there were as many as 9,116 email attacks in the regard.

Another notable kind of attack is the one where victims are receiving malicious emails with the promises of offering financial relief during the COVID-19 pandemic, researchers warned. Users are being tricked into believing that they will be receiving payments from global institutions, businesses and governments working with a common objective of providing economic aid to common people during the ongoing pandemic, as soon as the user clicks on the links or proceed to download files, the attacker gets illicit access to his credentials, card data, and other sensitive information.

One such campaign is found to be specifically attacking U.S. healthcare, IT sector and higher-education organizations, the emails sent in relation to this campaign contain a message titled "General Payroll!"

"The Trump administration is considering sending most American adults a check for $1,000 as part of the efforts to stimulate the economy and help workers whose jobs have been disrupted by business closures because of the pandemic,” it says.

“All staff/faculty & employee include students are expected to verify their email account for new payroll directory and adjustment for the month of March benefit payment.” The message further reads.

Users receiving the email are asked to access a malicious link that will direct them to a phishing page in order to verify their email account, they will be required to enter their usernames, email addresses, and passwords linked with their employee benefits. By doing so, the user will provide his personal data to the page controlled by the attackers.

“The ongoing shift to coronavirus-themed messages and campaigns is truly social engineering at scale, and these recent payment-related lures underscore that threat actors are paying attention to new developments,” researchers told.
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