sb-au logo
Story image

Just 6,000 accounts responsible for over 100,000 email attacks - report

07 Aug 2020

The year 2020 will live in infamy for seemingly countless reasons, but in the world of cybersecurity, perhaps no attack will be ascribed as much notoriety than the email attack.

Now that the year is over halfway done, multiple reports on the state of cybersecurity have circulated around the world of IT – and one, released by Barracuda today, has outlined just how harmful email attacks can be.

According to the study, 6,170 malicious accounts that use Gmail, AOL, and other email services and were responsible for more than 100,000 business email compromise (BEC) attacks on nearly 6,600 organisations. 

In addition, up to 45% of all BEC attacks detected by the company since 1 April have been deemed ‘malicious’.

But how exactly do attackers go about this, and how did they become so dominant?

Of the 45% of attacks labelled malicious, most were repeated by the same user, and often targeted multiple organisations from the same email accounts. These attackers begin by registering email accounts with legitimate services to use them in impersonation and business email compromise attacks. 

To increase the odds of getting away with it, many use these accounts only a few times to avoid suspicion and lower the chances of being blocked or detected.

To further protect themselves, most attackers don’t use the same accounts for over a day.

In fact, 29% of malicious accounts used for only a 24-hour period. There are several reasons for the short life span of these accounts:

  • Malicious accounts may get reported and suspended by email providers
  • It’s easy for cybercriminals to register new accounts
  • Cybercriminals may temporarily abandon an account after initial attacks and then return to it after a long period of time

According to the report, Gmail is the email service of choice for most attackers – most likely due to its status as accessible, free and easy to register.

Meanwhile, the number of organisations attacked by each malicious account ranged from one to a single mass scale attack that impacted 256 organisations — 4% of all the organisations included in the research.

“While most malicious accounts are used by attackers for a short period of time, some cybercriminals used these accounts to launch attacks for over year,” says Barracuda sales engineer manager Mark Lukie. 

“It’s not unusual for cybercriminals to return and re-use an email address in attacks after a long break.

“With the help of innovative technologies such as AI-powered tools, organisations can get better at spotting spoofed and malicious emails,” says Lukie.

“Combined with a renewed focus on more progressive approaches to staff training, organisations can begin to fight back.”

Story image
Proofpoint enhances security awareness training platform
Available in Q4 2020, the platform will integrate more closely with Proofpoint’s best-in-class threat intelligence.More
Story image
Shlayer malware proves Apple devices aren't as secure as you think
"Apple never talks about malware publicly, and loves to give the impression that its systems are secure. Unfortunately, the opposite has been proven to be the case with great regularity."More
Story image
Global attack volume down, but fraud and cyber threats still going strong
“The move to digital, for both businesses and consumers, has been significant. Yet with this change comes opportunity for exploitation. Fraudsters look for easy targets: whether government support packages, new lines of credit or media companies with fewer barriers to entry."More
Story image
Understanding data is the first step in public sector cloud adoption
Before any cloud migration, it is essential to know exactly what data the organisation already has and where it’s located.More
Story image
SMBs seeking service providers in face of rising cyber threats
SMBs are struggling with their cybersecurity solutions, with three quarters worried about being the target of a cyberattack in the next six months, and 91% considering using or switching to a new IT service provider if offered a better option.More
Story image
CrowdStrike integrates with ServiceNow program to bolster incident response
As part of the move, users can now integrate device data from the CrowdStrike Falcon platform into their incident response process, allowing for the improvement of both the security and IT operation outcomes.More