Cyber-Threats in the Age of Coronavirus

Change is a constant in technology, and the greatest changes are often driven by major events that fundamentally reshape how people work and conduct business. In the Age of Coronavirus, more than ever, technology and cybersecurity must keep pace with disruption and change, adapt to adversity, and even accelerate their development wherever possible.

The enormous increase in remote work over the last couple of months has placed new pressure on organizations to ensure that employees working from home can access corporate resources from outside corporate-controlled offices and infrastructure. Simultaneously, cybercriminals are seeking to gain from the strain this places on technologies, business procedures, and processes. A critical and effective vector for these adversaries exploiting the health and economic concerns created by the pandemic.

This week, McAfee Labs released a report entitled “COVID-19: Malware Makes Hay During a Pandemic” to highlight the last few months of pandemic-themed threat landscape activity. The threats typically leverage a phishing email delivery method, with Coronavirus themes and messages developed to lure employees and family members into engaging with and enabling threats to gain a foothold on their systems.

Once established, that foothold can allow cyber adversaries to download malware used to steal corporate usernames and passwords, data, monitor employee user activity, capture user keystrokes, track network traffic and browser activity, and infiltrate networks and cloud services beyond the home. They can impersonate their victim to send emails from the infected machines to propagate themselves on numerous other systems. In the case of ransomware, they could encrypt system files and refuse to decrypt them until the victim sends them a ransom payment.

Cyber-Threats in the Age of Coronavirus 3

Below is a summary of some of the cyber threats McAfee has observed since the COVID pandemic has emerged:

Phishing and Trojans:

In January, McAfee observed the emergence of a phishing campaign using a strain of the Ursnif banking Trojan commonly used to steal usernames, passwords and user behavior information. As bait, the phishing emails used pandemic-themed messaging and a Microsoft Office document with “COVID-19” in its filename to lure users into opening the attachment and releasing the malware onto their computers.

Beginning in February, McAfee observed another campaign leveraging phishing emails referencing the terms “COVID-19” and “Coronavirus” to entice users to click on links or attachments that then downloaded the information-stealing Fareit Trojan onto their computers.

Bogus SBA Loan Emails:

Beginning in late March, a phishing campaign used emails claiming to originate from the U.S. Government Small Business Administration (SBA). These emails appeared to offer small businesses information and guidance on how to apply for SBA loans. In fact, they were a mechanism for infecting unsuspecting small business owners with the information-stealing Remcos Remote Access Tool (RAT)

Scam COVID-19 Tests:

In March, cybercriminals distributed phishing emails appearing to originate from organizations offering COVID-19 testing. Users were prompted to open an attached document, which would then download the information stealing Trickbot malware.

Scam Antibody Research & Treatment: 

By late March, McAfee began to see COVID-19-themed phishing campaigns using a strain of the Emotet Trojan to infect users’ systems. One version of this email promises to provide information on Coronavirus antibody research and new treatments for the disease. Once established on the victim’s system, Emotet can do a number of things on the system but it is almost always programmed to propagate itself by sending large numbers of spam emails to other user’s systems.

Precautionary Measures:

April saw the emergence of phishing email campaigns using subject lines such as “COVID-19 Urgent Precaution Measures” to distribute the NanoCore Remote Access Tool (RAT) for exfiltration of valuable information.

Fake John Hopkins Infection Map:

April also saw cybercriminals use phishing emails to promote a fake website featuring a global Coronavirus infection map appearing to provide data from John Hopkins CSSE. Unfortunately, those same emails were used to infect inquisitive users with a strain of information stealing Azorult malware.

Bogus Insurance Invoices:

Mid-April also saw cybercriminals use COVID-19-themed emails from a bogus insurance company to infect users’ systems with fake invoice attachments carrying the Hancitor malware.

COVID-19 Ransomware.:

March saw the emergence of Ransomware-GVZ, a Coronavirus-themed ransomware campaign. Ransomware-GVZ displays a “ransom note” message demanding payment in return for decrypting their systems and the precious personal and corporate data they contain

By mid-April, another ransomware campaign joined the fray, this time using a strain of Netwalker ransomware to infect users via a malicious file named “CORONAVIRUS_COVID-19.vbs”.

Spam & Scam:

Finally, beyond malware, McAfee has detected thousands of COVID-19-themed spam emails and websites scamming victims seeking to purchase medical supplies such as testing kits, face masks, and other protective gear. Over the first 13 weeks of the pandemic, McAfee saw the number of bogus websites increase from 1,600 a few weeks ago to over 39,000.

Takeaways

Cybercriminals will always seek to create ever more sophisticated and opportunistic attacks.  Remote work paradigms create new opportunities and require new defense mechanisms and practices. This week’s report illustrates the importance of maintaining strong cybersecurity defenses regardless of whether employees are in traditional office or home-office environments. We must formulate the right combination of technology and education to make that happen.

Organizations need to defend against cyber-threats at home with data protection solutions capable of preventing intellectual property and other forms of sensitive data from being stolen. McAfee is focused on helping address these challenges with its Unified Cloud Edge and CASB solutions that are inherently focused on protecting both mobile and traditional devices from threats and data theft.  Additionally, modern endpoint and EDR capabilities are capable of detecting a wide range of threats that place the user and their organization at risk.

The future is uncertain, change and disruption are inevitable, and our adversaries are determined in their drive to exploit us at work, no matter where that may be. We must rise to the challenge of pushing technology forward, adapting, and developing stronger cyber defenses to ensure that the “future of work” is a secure one.

Authored by:- Mr. Steve Grobman, Senior Vice President and Chief Technology Officer, McAfee

(The views expressed in this article are by Mr. Steve Grobman, Senior Vice President and Chief Technology Officer, McAfee, Technuter.com doesn’t own any responsibility for it.)

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