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COVID 19 Related Phishing Attacks Up by a Massive 667 Percent: Barracuda Networks

COVID-19 Related Phishing Attacks Up by a Massive 667 Percent: Barracuda Networks

The number of coronavirus or COVID-19-related email attacks has increased by 667 percent since the end of February, according to a new report by Barracuda Networks.

By Indo-Asian News Service | Updated: 27 March 2020 11:33 IST

COVID-19 Related Phishing Attacks Up by a Massive 667 Percent: Barracuda Networks

Growing number of campaigns are using coronavirus as a lure to try to trick distracted users

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Highlights

Attackers are taking advantage of the heightened focus on COVID-19
Aim is to distribute malware, steal credentials, scam users out of money
Researchers detected 467,825 email attacks related to COVID-19 in March

The number of coronavirus COVID-19-related email attacks has increased by 667 percent since the end of February, according to a new report.

A variety of phishing campaigns are taking advantage of the heightened focus on COVID-19 to distribute malware, steal credentials, and scam users out of money, said the report from Barracuda Networks, a leading provider of cloud-enabled security and data protection solutions.

The attacks use common phishing tactics that are seen regularly. However, a growing number of campaigns are using the coronavirus as a lure to try to trick distracted users capitalise on the fear and uncertainty of their intended victims.

Between March 1 and March 23, Barracuda researchers detected 467,825 spear-phishing email attacks, and 9,116 of those detections were related to COVID-19, representing about 2 percent of attacks.

In comparison, a total of 1,188 coronavirus-related email attacks were detected in February, and just 137 were detected in January.

Although the overall number of these attacks is still low compared to other threats, the threat is growing quickly, the report added.

Barracuda researchers said they have seen three main types of phishing attacks using coronavirus COVID-19 themes — scamming, brand impersonation, and business email compromise.

Of the coronavirus-related attacks detected by Barracuda Sentinel through March 23, 54 percent were scams, 34 percent were brand impersonation attacks, 11 percent were blackmail, and 1 percent are business email compromise.

How are we staying sane during this Coronavirus lockdown? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts or RSS, download the episode, or just hit the play button below.

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