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Digital Point’s Unsecured Database Exposed Records of Over 800,000 Users

Zyxel Devices Vulnerable to Secret Backdoor

An unprotected database belonging to a webmaster forum, Digital Point, exposed more than 800,000 users’ records. Security firm WebsitePlanet and security researcher Jeremiah Fowler found the unsecured Elasticsearch database on July 1, 2020, which contained over 62 million users’ records belonging to 863,412 Digital Point users.

Digital Point is a marketplace for web related services. The company caters to those individuals who maintain or create websites and lets users buy and sell websites, SEO, etc. The leaky database exposed users’ personal details like email addresses, names, internal user ID numbers, internal records, and user posts. “This is an Elastic database set to open and be visible in any browser (publicly accessible) and could have been edited, downloaded, or even deleted data without administrative credentials,” the researchers said.

Potential Impact of the Leak

Exposure of personal information could allow cybercriminals to launch targeted phishing attacks. They could also misuse contact information, email IDs, and other sensitive details to create a fake domain that impersonates a legitimate one. Domain hijacking is commonly used by threats actors to change the registration and ownership information. The criminal has an upper hand, as the domain could be used for malicious activities or sold to a third party. Using a strong password or enabling multi-factor authentication for domain protection is highly recommended.

Risks with Unsecured Databases

Every minute is an opportunity for threat actors. A recent security experiment by Comparitech led by cybersecurity researcher Bob Diachenko discovered that cybercriminals attacked a model of an unsecured database 18 times in a single day. In a security alert, Comparitech explained how unauthorized third parties find, gain access, and alter exposed data without any authentication process, leaving users’ privacy at risk. The company set up a honeypot to know how quickly the hackers would attack an Elasticsearch server with a dummy database and fake data in it.

Comparitech left the exposed data from May 11 until May 22, 2020. It found 175 attacks in just eight hours after the server was deployed, and the number of attacks in one day totalled to 22. All attackers were not looking to steal data. Some targeted unsecure servers to mine cryptocurrency, steal passwords, and destroy data.

Israel’s Tower Semiconductor Hit by a Cyberattack

Israel

Israel’s semiconductor and chip manufacturer, Tower Semiconductor, announced of a cyberattack that forced its certain operations to a complete halt. The company authorities said that specific measures were taken to prevent the spread of the cyberattack, however, there was no immediate factual assessment report available that would state the real effect of the damages done.

Tower Semiconductor has operations spread across three different locations around the globe – two in Israel (Migdal Haemek); two in the U.S. (Newport Beach, California and San Antonio, Texas); and at three in Japan where it has partnered with Panasonic Semiconductor Solutions Co. Ltd. It mainly manufactures integrated circuits (ICs) and provides a host of technology solutions for growing markets such as consumer, industrial, automotive, mobile, infrastructure, medical, aerospace, and defense. Thus, this attack could have been targeted by an adversary to lay hands on the company’s trade secrets, contracts, or even intellectual property like the patented designs and processes.

The company has reported the issue to relevant authorities for a quicker resumption of services and stated that it is providing utmost support from their side. It said, “Tower has notified relevant authorities and is working closely with the law enforcement organizations and with a leading team of worldwide (cybersecurity) experts, coordinated with its insurance providers, in order to recover the impacted systems as soon as possible. As a preventive measure, the company halted certain of its servers and proactively held operations in some of its manufacturing facilities, and has done so in a gradual, organized manner.”

No malicious adversaries have taken the responsibility of this cyberattack, and therefore information of the source, intent, and type of the cyberattack is yet to be confirmed.

Israel – The Playfield for Cybercriminals?

On May 21, 2020, Israel reported a cyberattack that defaced websites of the country’s major organizations, political groups, and industrial ranks. The hack took place through a website hosting provider, uPress. uPress released a statement on its official Facebook page stating that the root cause of the cyberattack was a WordPress vulnerability that was exploited successfully by the cybercriminals. It also worked in tandem with the National Cyber Security Authority (NCSA) of Israel to reinstate all the original content to the last known point before the cyberattack took place.

Whistle-Blower Reports to ICO Increase by 34% in the Last Year

Whistle-Blower Reports to ICO Increase by 34% in the Last Year

Ever since the GDPR was introduced, disclosure of security incidents via whistle-blower reports has increased significantly. According to a report from RPC, a legal and consultancy services firm, the increased awareness of online frauds and other malicious attacks led people to report organizations for not following required security measures with the customers’ data they hold. The report revealed that the number of whistle-blower reports disclosed to the Information Commissioner’s Office (ICO) about data breach incidents and the misuse of customer information by organizations jumped 34% to 427 in the last year, from 319 the previous year.

Out of the 427 whistle-blower reports, action was taken on 68 reports, including 23 being taken into consideration for investigations by the ICO. In the previous year, 55 whistle-blower reports were considered for investigation. In addition, the ICO issued over £282 million (US$ 370.253) in fines to a major airline and international hotel group, for having put millions of customers’ data at risk.

Whistle-blower reports on data breaches to the ICO

Image Source: RPC

“Whistleblowing is now a major risk for businesses that fail to deal with a data breach properly, or who have failed to take reasonable steps to protect the data they hold on their customers. This makes it more important than ever for businesses who do fall victim to a data breach to respond quickly and to inform the ICO of the data breach if necessary, within the right deadline and ensure customers are informed when they are exposed to a major risk,” said Richard Breavington, Partner at RPC.

“Whilst the ICO has indicated that it is exercising forbearance during coronavirus, businesses would be wrong to think that is a free pass. With millions of employees continuing to work from home, businesses need to have clear practices in place. For example, recommending multi-factor authentication if employees are using their own devices for work and advising employees to update software regularly so it’s at a lower risk of being hacked into,” Breavington added.

WhatsApp Discloses Six Bugs in its First Security Advisory

Whatsapp

Facebook-owned messaging service provider WhatsApp, in the past week, started a Security Advisories page. On this page, WhatsApp is disclosing all the bugs and vulnerabilities that have been found and fixed to maintain transparency and encourage security researchers to report any other bugs as part of the company’s bug bounty program. In its first Security Advisory update, WhatsApp has already disclosed six vulnerabilities,  which, if exploited properly, would potentially provide remote code execution privilege to the attackers.

What’s WhatsApp Security Advisories

WhatsApp claims to provide users an end-to-end encryption messaging service utilizing the Signal Protocol designed by Open Whisper Systems. With more than two billion registered users, it is an ever-growing platform and handles a very large amount of confidential user data. Taking the learnings from its parent company Facebook, WhatsApp takes the privacy and security of user data very seriously. It reports any discrepancies through timely updates and informs the users about the same through app release notes. However, it states, “Due to the policies and practices of app stores, we cannot always list (entire) security advisories within app release notes.”

Thus, to close this gap and provide a single directory for a comprehensive list of WhatsApp security updates and associated Common Vulnerabilities and Exposures (CVE), the WhatsApp Security Advisories page has been launched.

The Six Vulnerabilities of First WhatsApp Security Advisory

  1. CVE-2020-1894: A stack write overflow in WhatsApp that could have allowed arbitrary code execution when playing a specially crafted push to talk message.
  2. CVE-2020-1891: A user-controlled parameter used in video calls that could have allowed an out-of-bounds write on 32-bit devices.
  3. CVE-2020-1891: A URL validation issue that could have caused the recipient of a sticker message containing deliberately malformed data to load an image from a sender-controlled URL without user interaction.
  4. CVE-2020-1889: A security feature bypass issue that could have allowed for sandbox escape in Electron and escalation of privilege if combined with a remote code execution vulnerability inside the sandboxed renderer process.
  5. CVE-2020-1886: A buffer overflow that could have allowed an out-of-bounds write via a specially crafted video stream after receiving and answering a malicious video call.
  6. CVE-2019-11928: An input validation issue that could have allowed cross-site scripting upon clicking on a link from a specially crafted live location message.

Vulnerabilities Summary

Vulnerability Names

  • Stack write overflow vulnerability.
  • A user-controlled parameter used in a video call.
  • A URL validation issue.
  • Security feature bypass vulnerability.
  • Buffer Overflow vulnerability.
  • An input validation issue.

CVE Numbers & Affected Versions

  • CVE-2020-1894 / WhatsApp for Android prior to v2.20.35, WhatsApp Business for Android prior to v2.20.20, WhatsApp for iPhone prior to v2.20.30, and WhatsApp Business for iPhone prior to v2.20.30
  • CVE-2020-1891 / WhatsApp for Android prior to v2.20.17, WhatsApp Business for Android prior to v2.20.7, WhatsApp for iPhone prior to v2.20.20, and WhatsApp Business for iPhone prior to v2.20.20
  • CVE-2020-1890 / WhatsApp for Android prior to v2.20.11 and WhatsApp Business for Android prior to v2.20.2
  • CVE-2020-1889 / WhatsApp Desktop versions prior to v0.3.4932
  • CVE-2020-1886 / WhatsApp for Android prior to v2.20.11 and WhatsApp Business for Android prior to v2.20.2
  • CVE-2020-11928 / WhatsApp Desktop versions prior to v0.3.4932

CISO: The Technical Unicorn

A lone sentry stands guard on the eastern end of a towering granite stone wall with sweeping views of the approaching terrain. Bravely, he scans the expansive horizon like an eagle searching for its prey. The sentry maintains a single-minded focus and a determination to identify and eliminate any potential threat at a moment’s notice. The sentry is filled with trepidation knowing an attack is imminent and that he is all that stands between security and total destruction and, in spite of the fear, performs with honor and does his duty.

By David Katz, Partner and Privacy, Cybersecurity and Data Management Team Leader, Adams and Reese

The parallels to the plight of the modern-day CISO as the lone sentry guarding against the barbarian hordes charging the wall, while dramatic, are not far off the mark for comparison. A closer examination of the role of a CISO reveals far more than just the role of a lone sentry, expendable and vulnerable for the collective safety of others and the greater good. Far from expendable, the modern-day CISO should be viewed and equipped like a five-star general responsible for leading a coalition of capable and technologically advanced warfighters against a determined enemy bent on the destruction of our economic and national security. Making the case for such treatment by the C-suite and corporate directors can be challenging and requires a high degree of technical proficiency, emotional and social intelligence, and raw political skills not seen since the days of the Medici in Florence, Italy.

The question presented and answered in this article is how the modern-day CISO can position themselves to be successful in the face of such challenges and lead their organizations with confidence and, most importantly, with a full complement of material to assure victory in the face of significant cybersecurity threats.

The Evolving Requirements of the CISO

The CISO’s responsibilities within an organization can vary in scope depending on the management reporting structure within the organization. Typically, the CISO is an executive that is responsible for the organization’s information and data security; however, in recent years some organizations have expanded the role of a CISO to encompass more of direct management and decision-making role in operations and direct reporting to the CEO or directors in their capacity as a vice-president or CSO.

The CISO’s evolving duties include an interwoven set of responsibilities that combine complex technical operations with underlying business operations. The resulting outcome is that in many instances the success of business operations from a security perspective is dependent on those technical operations overseen by the CISO. These unique responsibilities are not shared or governed by any other individual business owner within the organization. This evolution is one of the many elements that make the role of the modern CISO very challenging and unique to all other executives. The dependency here puts tremendous pressure on the CISO to ensure that security does not impede the business operations, yet any failure of security which leads to an operational failure will likely be blamed on the CISO.

As an example, the CISO must make decisions concerning expenditures for security architecture that involve planning, purchasing software or hardware, and working with IT operations and networking infrastructure teams to ensure best practices are implemented from a security perspective. Again, in this case, the operations are dependent from a security perspective on the work of the CISO, but the decision making from a business perspective is removed from the CISO. To the extent a conflict develops between the security and business teams around network architecture planning, the CISO must adeptly navigate and make the case without impeding the business and ensure the ultimate decision-makers for the business have the information necessary to adopt the best practices even if this may be an impact to operations.

The second example of this interwoven set of responsibilities and dependencies occurs in the security domain of access and identity management. This area of responsibility requires the CISO to ensure that only authorized individuals have access to restricted data and restricted systems. Here, the CISO’s responsibilities are interwoven with the human resources department. In this case, the operation is dependent on the CISO to ensure only authorized individuals are granted access to restricted data and restricted systems. Ultimately, it is the business operators in the form of human resources representatives or individual managers that determine accessibility or control the means by which the CISO is made aware of personnel changes. This creates a potential conflict in that failure to restrict an unauthorized individual can result in a security incident for which the CISO may be held accountable, but the CISO may not ultimately have control over the designation of who is or is not an authorized individual.

In summary, these examples illustrate an existing tension for the modern-day CISO in many organizations. In simple terms, the CISO is accountable for the security of systems and operations for which they may have no ultimate decision-making authority. The CISO must instead rely on their communication and persuasion skills in order to resolve conflict or be in a position to escalate up through management to resolve potential conflicts without alienating their internal business clients. Exacerbating this tension is the fact that corporations are organized to create wealth and value for their shareholders and to secure a profit. Where a conflict arises that forces a decision that could impact profitability over security, it becomes very difficult for management teams and directors, given their primary mandate to make any decision that could imperil profitability. Even if the risk of loss from a security failure could potentially impact profitability, management teams and directors won’t be rewarded for playing it safe at the expense of earnings. To say this creates a difficult position for the CISO is at best an understatement. In light of these dependencies, potential conflicts, lack of decision-making authority, and primary mandate of the corporate form for profitability, the primary question remains: How can the CISO position themselves to be successful, lead their organizations with confidence and obtain all of the necessary resources required to secure their organizations?

The Unicorn Theory

In order to be successful, the modern-day CISO must first possess all of the technical skills required to perform their responsibilities and these skills are not easily acquired or in abundance in the marketplace. Second, the CISO must have all of the communication, emotional and social intelligence, and political skills to consistently and adeptly negotiate the inherent conflicts that exist in the successful performance of their duties and responsibilities within the organization. Like the technical skill-set required, the communications skill-set is also not easily acquired or readily found in the marketplace. It is the combination of both these sets of unique skills that can ultimately lead to the success described above in this article. The evolution of the CISO is a testament to the unique position and challenges inherent in this position. The growing influence and recognition of the CISO as a key position within the management team and the trend in organizations to create an independent line of reporting up to the board of directors is also a recognition of the growing complexity in the duties of the CISO. The CISO must think of themselves as a unicorn: a mythological creature so rare as to have thought not to exist. A CISO must view themselves as both a technical expert but also a polished corporate executive capable of navigating the challenges of the most complex business problems and communicating their solutions clearly while obtaining support from their ultimate business owners. A CISO that can identify and translate complex technical security risks to the business and can provide tactical solutions with a business-minded approach that management can understand in terms of profitability and cost can achieve the desired support and resources even if conflicts exist that appear insurmountable. Working to develop and master these dual skill-sets will ultimately result in all of the necessary resources being obtained in order to perform their duties successfully.

About the Author

David Katz is a partner at Adams and Reese. His practice encompasses privacy law and compliance, data security, data management, and data governance, vendor management, corporate governance, crisis management, regulatory compliance, and ethics. He can be reached at [email protected].

 

Disclaimer

CISO MAG did not evaluate/test the products mentioned in this article. The facts, opinions, and language in the article are entirely those expressed by the author and do not reflect the views of CISO MAG.

700,000 WordPress Users are at Risk Due to a Plugin Flaw

Cybercriminals Tried to Access Database Logins of 1.3 Mn WordPress Sites

Millions of WordPress sites are at cyber risk after researchers discovered a zero-day vulnerability in WordPress’s File Manager plugin. The threat intelligence team from cybersecurity firm Wordfence stated that the File Manager plugin has over 700,000 active installations, which could allow threat actors to execute commands and upload malicious files on a target site. File Manager is a plugin intended to help WordPress admins manage files on their websites. However, the researchers stated that a patch has been released to fix the vulnerability and asked users to update to the latest version 6.9 immediately.

The Vulnerability

The researchers stated that the zero-day vulnerability in the File Manager plugin could allow cybercriminals to execute arbitrary code on a WordPress site.

“While analyzing the vulnerability, we discovered that it was possible to bypass the built-in file upload protection, so we deployed an additional firewall rule for maximum coverage. Wordfence Premium customers received this new firewall rule on September 1, 2020, at 2:56 PM UTC. Free Wordfence users will receive the rule after thirty days on October 1, 2020,” the researchers said.

Threat Summary:

Description: Remote Code Execution
Affected Plugin: File Manager
Plugin Slug: wp-file-manager
Affected Versions: 6.0-6.8
CVSS Score: 10.00 (Critical)
CVSS Vector: CVSS:3.0/AV:N/AC:L/PR:N/UI:N/S:C/C:H/I:H/A:H
Patched Versions: 6.9

“The Wordfence firewall has blocked over 450,000 exploit attempts targeting this vulnerability over the past several days. We are seeing attackers attempting to inject random files, all of which appear to begin with the word “hard” or “x.” From our firewall attack data, it appears that attackers may be probing for the vulnerability with empty files and if successful, may attempt to inject a malicious file,” the researchers added.

Over 1.3 Mn WordPress Websites at Risk

Earlier, security experts discovered that cybercriminals targeted around 1.3 million WordPress websites in a single day to steal database login credentials. It is found that hackers tried to steal config files by exploiting known XSS vulnerabilities in WordPress plugins and themes. The attackers tried to download the wp-config.php WordPress configuration file, which contains connection details, authentication unique keys, and salts along with database credentials. In case attackers successfully exploited any vulnerable plugins used by the targeted sites, they could easily steal login credentials from the databases and take control over the websites.

Warner Music Group Suffered Skimming Attack for Three Months

cybercriminal, music

Popular music recording firm Warner Music Group disclosed a security incident in which unknown threat actors compromised a number of its  U.S.-based e-commerce websites and stole customers’ personal information. In a security alert, the company stated that attackers planted a skimming code into the websites’ checkout pages to exfiltrate payment information entered by the visitors.

Prolonged Skimming Attack

Attackers were able to access users’ data for a prolonged period of three months. The information exposed in the incident includes names, email addresses, contact details, billing addresses, shipping addresses, credit card numbers, card expiration dates, and CVV codes.

“Any personal information you entered into one or more of the affected websites between April 25, 2020 and August 5, 2020, after placing an item in your shopping cart was potentially acquired by the unauthorized third-party. While we cannot definitively confirm that your personal information was affected, it is possible that it might have been as your transactions occurred during the period of compromise. If it was, this might have exposed you to a risk of fraudulent transactions being carried out using your details,” Warner Music Group said.

While it is unclear what amount of personal information was affected in the incident, the company stated that the transactions that occurred during the period of compromise might be exposed to cyber risks.

Appeal to the Affected

Warner Music Group stated that it has taken down the affected e-commerce sites temporarily and urged customers to be vigilant for any unauthorized use of their payment card data or any suspicious emails.

“Upon discovering the incident, we immediately launched a thorough forensic investigation with the assistance of leading outside cybersecurity experts and promptly took steps to address and correct the issue. We also notified the relevant credit card providers as well as law enforcement, with whom we continue to cooperate,” the company added.

ACSC’s First Annual Cyber Threat Report Records 59,806 Cybercrimes in One Year

Remote Access Scams

The Australian Cyber Security Centre (ACSC) recorded 59,806 cybercriminal complaints in the past 12 months (From July 2019 to June 2020) and responded to 2,266 legitimate ones at an average of 164 reports per day, or one report every 10 minutes. The First Annual Cyber Threat Report was jointly produced by the ACSC, the Australian Criminal Intelligence Commission (ACIC) and the Australian Federal Police (AFP). The report underlines Australia’s growing concerns about the frequency, scale, and sophistication of cyberthreats targeted at its digital and now critical infrastructure.

 Key Highlights 

  • ACSC recorded 59,806 cybercriminal complaints in the past 12 months beginning from July 2019 to June 2020.
  • It responded to 2,266 legitimate complaints.
  • Two notable spikes were observed in October 2019 and April 2020.
  • The month of April saw the highest spike (318 instances) in cybersecurity incidents, whereas the government sector saw the highest number of incidents (803) in the reporting period.
  • The most common type of cybersecurity incidents ware “Phishing” and “Spearphishing” attacks (27%).

The ACSCs First Annual Cyber Threat Report

A recent survey from the Australian Competition and Consumer Commission (ACCC) revealed that Australians lost over $634 million to scams in 2019 alone which was a 30% increase compared to $489 million in 2018. While ACSC believes that the true cost of cybercrime to the Australian economy is difficult to gauge, it certainly considers cybercrime as one of the most pervasive threats to the country, and the most significant in terms of the overall volume and impact to individuals and businesses.

Overall, the Australian government aims to address these brewing threats and thus asked ACSC to come up with an indicative study that would suffice individuals and businesses to draw mitigation measures. Thus, was born the first unclassified ACSC Annual Cyber Threat Report 2020.

ACSC-Annual-Cyber-Threat-Report
Image Credit: ACSC Annual Cyber Threat Report

During the reporting period, there were two notable spikes in October 2019 and April 2020. As per the ACSC, the first spike corresponds to a wave of Emotet malware campaign and the second in April 2020, was a COVID-19-themed cybercrime. The ACSC makes a special mention of the COVID-19-based cybercrime activity because it is here that it saw a rapid increase in the phishing and spearphishing attacks that account to nearly a quarter (27%) of the total incidents in the past 12 months.

ACSC Annual Cyber Threat Report

Of all the sectors that were studied during the analysis, the government sector saw the highest number of incidents (803) in the reporting period. The ACSC states, “The comparatively higher volume of reports from Commonwealth, State and Territory Governments is due to their close working relationship with the ACSC and their willingness to report incidents.” However, Australia’s critical infrastructure sectors including electricity, water, health, communications, and education, were closely followed by the government sector, accounted for 35% of the incidents responded to by the ACSC.

Australia to Boost Cybersecurity

With the evident surge in cybercrime the Australian Prime Minister, Scott Morrison, recently announced that the country is spending AU$1.66 billion (US$1.19 billion) over the next decade to bolster the cybersecurity defenses for enterprises. Morrison stated, “The increased security investment is aimed to fortify critical infrastructure, boost police efforts to disrupt malicious activities on the dark web and strengthen community awareness on security.”

Reverberating Morrison’s words, Australia’s Defence Minister Linda Reynolds, stated, “The alarming ‘new normal’ of persistent cyberattacks on Australia is blurring the difference between ‘peace and war’. We are now facing an environment where cyber-enabled activities have the potential to drive disinformation and directly support interference in our economy, interference in our political system, and also in what we see as critical infrastructure.”

Apart from the numbers related to the cyberattacks, the ACSC also shared a few useful mitigation steps to help businesses and individuals up their cybersecurity game. Learn more here.

Online Education at Risk! DDoS Attacks on E-Learning Platforms Increase by 550%

DDoS Attacks

With organizations across the world continuing their operations remotely, opportunistic cybercriminals are taking advantage of this situation by targeting online e-learning platforms. Hackers have set their sight on the education industry with various kinds of phishing attacks, fake domains, and other malicious activities. A survey from Kaspersky revealed that there has been a surge in distributed denial-of-service (DDoS) attacks on online educational services in 2020, compared to 2019. In a DDoS attack, threat actors try to make a targeted system or service unavailable to its users by flooding with unwanted incoming traffic from different sources.

Kaspersky’s researchers discovered that the total number of DDoS attacks increased by 80% in the Q1 of 2020, compared to Q1 2019. Between January and June 2020, the number of DDoS attacks affecting educational services increased by 350%, compared to the corresponding months in 2019, with the largest rise reported in January 2020, by 550%.

Key Findings

  • For each month from February to June, the number of DDoS attacks that affected educational resources out of the total number of attacks was 350-500% greater in 2020 than in the corresponding month in 2019.
  • From January to June 2020, the total number of unique users that encountered various threats distributed under the guise of popular online learning platforms/video conferencing applications was 168,550, a 20,455% increase when compared to the same period for 2019.
  • From January to June 2020, the platform most used as a lure was Zoom, with 5% of the users that encountered various threats encountering them via files that contained the name Zoom. The second most common platform used as a lure was Moodle, followed by Google Classroom, Coursera, Google Meet, Blackboard, and edX.
  • By far the most common threats encountered in 2020 were downloaders and adware, which were encountered in 98.77% of the total registered infection attempts. Various classes of trojans followed adware.
  • For threats distributed under the guise of popular platforms for conducting online classes in 2020, the greatest number of infection attempts registered came from Russia (21%) followed by Germany (21.25%), Austria (1.44%), Italy (1%), and Brazil (1%).

“As long as online learning continues to grow in popularity, cybercriminals will attempt to exploit this fact for their own gain. That means educational organizations will continue to face a growing number of cyber risks – into this fall and beyond. Fortunately, engaging – and secure – online academic experiences are possible. Educational institutions just need to review their cybersecurity programs and adopt appropriate measures to better secure their online learning environments and resources,” Kaspersky said.

Cyberattacks Reported on E-Learning Platforms

In the recent past, hackers targeted multiple e-learning portals to steal users’ personal information. India-based online learning platform Unacademy also suffered a data breach that exposed details of 22 million users. Cybersecurity firm Cyble revealed that the unknown hackers kept 21,909,707 user records for sale at $2,000 on darknet forums. The compromised information included usernames, hashed passwords, date of joining, last login date, account status, email addresses, first and last names, and other account profile details. Earlier, a Spanish e-Learning platform 8Belts suffered a data breach that exposed personal data of over 100,000 e-learners across the globe.

Vaccine Released Against Phishing, Vishing, Smishing, and Identity Compromises

xss vulnerability in UPS, Phishing Attack, spear phishing, phishing mails

Have you ever responded to an unsolicited email from a barrister located in Western Africa who, out of the blue, contacted you? For some inexplicable reason, he saw you as a kind and generous person who undeniably deserved his late client’s inheritance of millions of British Pounds. Well, I have! I just wanted to see what the scam was about. After a couple of email exchanges during which I received photos of the recently deceased client–always dressed in the same clothes, including in the framed photo that was clumsily photoshopped and pasted on top of a casket–I was asked to send $500 via Western Union to Nigeria to pay for the paperwork and get the process started…

By Nick Roquefort-Villeneuve, Director of Marketing at 1Kosmos

Phishing, Vishing, and Smishing in a Nutshell

The Nigerian inheritance email is a prime example of a phishing attack. And along with technological advances, other types of attacks have appeared in recent years, such as vishing and smishing. Let’s take a quick look at what they are:

  • Phishing is a type of social engineering attack used to steal user data, which includes login credentials and credit card numbers, for example. Phishing happens when an ill-intentioned individual, posing as a trusted entity, dupes a victim into opening an email, instant message, or text message.
  • Vishing is similar to phishing, except the criminal tries to gain information over the phone. If you want to see an example of vishing and spend a lovely time with your family this weekend, watch the movie “Identity Thief” starring Melissa McCarthy and Jason Bateman.
  • Finally, smishing is short for SMS Phishing. Hackers send bogus links via text instead of email.

All of the above attacks are designed to compromise essentially 5 types of data: credentials (passwords, usernames, pin numbers), personal data (name, address, email address), internal data (sales projections, product roadmaps), medical (treatment information, insurance claims) and bank (account numbers, credit card information).

The Consequences of Phishing, Vishing, and Smishing Attacks

Now, a few staggering statistics:

  • 1 in every 99 emails is a phishing attack (Check Point Research)
  • 32% of data breaches involve phishing (Verizon Data Breach Investigations Report)
  • 29% of data breaches involve the use of stolen credentials (Verizon Data Breach Investigations Report)
  • 64% of organizations have experienced a phishing attack in the past year (Check Point Research)
  • 22% of organizations list phishing as their greatest security threat (EY Global Information)

The average cost per compromised record is $150 (Per IBM’s Cost of a Data Breach Report). Reportedly, 5.2 million records were stolen in Marriott’s most recent breach, so allow me to do the math for you: a potential cost of $780 million.  In fairness, no one is immune to a data breach. The average breach costs businesses $3.92 million. The costs can be broken down into several different categories, including loss of productivity, damaged reputation, direct monetary loss, compliance fines, etc.

Is there a remedy or better, a vaccine, against these forms of cyberattacks?

The Vaccine to Protect Against Phishing, Vishing, and Smishing Attacks

With regard to users’ authentication, there is a vaccine of sorts, and it leverages advanced biometrics as well as Blockchain technology. 1Kosmos BlockID is the next-generation contact-free authentication solution that goes far beyond what 2FA, MFA and most passwordless applications on the market have to offer. The company’s platform is built on three pillars: Enrollment, authentication, and verifiable credentials. The goal is to always focus on ID proofing, which is the irrefutable approach that is used to verify and authenticate the identity of an employee or a customer who accesses a system or application.

Enrollment Process

The enrollment of employees and customers in the BlockID mobile app consists of triangulating a given claim (ID photo, address, last name, etc.) with a multitude of company or government-issued documents (driver’s license, passport, etc.) as well as sources of truth (AAMVA, State Department, passport’s issuing country, passport chip, credit cards, bank account, etc.), including biometrics like a liveness test. The liveness test is performed to verify if the biometric traits of an individual are from a living person rather than an artificial or lifeless person. This biometric feature is essential because, ultimately, facial spoofing which is the task of creating false facial verification by using a photo, video, mask, or a different substitute for an authorized person’s face is not too difficult if someone really wants to impersonate you. BlockID’s enrollment reaches the highest level of identity assurance per the NIST 800-63-3 guidelines, or IAL3.

Authentication Process

The biometric identifier BlockID leverages for authentication is a liveness test. Each time a user needs to authenticate to access a critical system or transact financially, he or she performs a liveness test. If it doesn’t match the liveness test performed during the enrollment process, the authentication fails. Moreover, a liveness test offers the added benefit of requiring users to capture a live video of themselves, which has a frightening effect on criminals who’d rather not share their face with the company they are targeting. BlockID’s authentication process reaches the highest level of authentication assurance per the NIST 800-63-3 guidelines, or AAL3.

Verification Process

The verification process leverages the attributes BlockID triangulates during the enrollment phase as well as verifiable credentials in their digital form. Verifiable credentials are tamper-evident credentials that have authorship that can be cryptographically verified. Users can share them through API calls with third parties and with explicit consent. Thus, the BlockID verification process eliminates all tedious back-and-forth communication between verifiers and issuers, since the verifier no longer has to contact the issuer to confirm the credential, thus eliminating data verification costs in the process. Our verification process is fully W3C compliant. It means that the digital credentials we leverage respond to a specific standard and format and go through a secure and vetted verification process, so they can’t be shared or leveraged to commit fraud. Moreover, they respect a robust privacy strategy, so they can comply with regulatory requirements across legal jurisdictions. Finally, the attestations that verifiable credentials make are backed by the Decentralized Identifiers (DIDs), a technology that enables verifiable, decentralized digital identity.

Lastly, BlockID’s distributed ledger technology stores users’ data encrypted and creates a permanent, immutable record that is invulnerable to tampering.

3 Main Benefits to Conclude…

BlockID creates a paradigm shift in the passwordless industry by bringing 3 main benefits:

  • BlockID proofs the identity of an organization’s employees and customers. In other words, the organization can be certain that its employees and customers are who they say they are… Always. Indeed, the levels of identity and authentication assurance per the NIST 800-63-3 guidelines that BlockID reaches simply make impersonation impossible and giving away or sharing purposely credentials a worthless enterprise.
  • The costs of deploying 2FA and MFA solutions that require hardware is eliminated. So is the cost of installing biometrics stations throughout a facility for fingerprint or iris recognition, for example. BlockID is an app installed on the user’s smartphone that gives physical and logical access to whoever authenticates successfully.
  • Distributed ledger technology is immune to hacking. Therefore, the potentiality of a data breach is eliminated. This is why BlockID leverages this technology to securely store users’ identity information encrypted, with access controlled by the user (GDPR compliant).

About the Author

Nicolas Roquefort-VilleneuveNicolas Roquefort-Villeneuve, a French and American bi-national, is the Director of Marketing at 1Kosmos. He is an influential technology and communication marketing executive and an entrepreneur at heart. Roquefort-Villeneuve has 22 years of marketing experience with Fortune 100 companies (Mattel, E*Trade), startups, and as an independent consultant. He is also an award-winning documentary filmmaker. In the last three years, Roquefort-Villeneuve has become an expert in marketing new technologies such as Blockchain. He has earned an MSc in Econometrics from the Université Paris 1 and an MBA from the University of San Francisco.

Disclaimer

CISO MAG did not evaluate/test the products mentioned in this article. The facts, opinions, and language in the article are entirely those expressed by the author and do not reflect the views of CISO MAG.