Security & Phishing
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1 Security & Phishing Best Practices In Cybersecurity
2 Presenters Bill Shieh Guest Speaker Staff Engineer Information Security Ellie Mae Supervisory Special Agent Cyber Crime FBI 2
3 What Is Phishing? How Serious is the Threat? Why are Phishing Attacks Popular? Agenda Characteristics of Phishing Anti-Phishing Strategies Phishing Samples 3
4 What is Phishing? A popular cyber attack method with malicious intents; conducted by masquerading as a trusted entity in an or other forms of electronic communication The impact of a successful Phishing attack varies from information theft to massive ransomware infection of the targeted organization 4
5 How Serious is the Threat? 3 rd Quarter 2018 Phishing Statistical Highlights from APWG: 53,546 unique phishing web sites detected 88,156 unique phishing campaigns reported from consumers 286 brands targeted by phishing campaigns 2016 study showed a successful spear-phishing attack average cost is $1.6M per organization 5
6 How Serious is the Threat? Example: BEC/EAC is one form of scam which employs the use of phishing Between October 2013 and May 2018 Domestic and international incidents: 78,617 All 50 states and 151 countries have reported about this scam Fraudulent wire transfers have been sent to 115 countries Between December 2016 and May % increase in global exposed dollar loss 6
7 How Serious is the Threat? Brief examination of one industry sector impacted by BEC/EAC: Real Estate BEC/EAC actors heavily targeted the real estate sector in recent years. Victims participating at all levels of a real estate transaction have reported such activity. This includes title companies, law firms, real estate agents, buyers and sellers. From calendar year 2015 to calendar year 2017, there was over an 1100% rise in the number of BEC/EAC victims reporting the real estate transaction angle and an almost 2200% rise in the reported monetary loss. 7
8 How Serious is the Threat? May 2018 reported the highest number of BEC/EAC real estate victims since
9 How Serious is the Threat? September 2017 reported the highest victim loss 9
10 Phishing Objectives Sensitive information Credential and passwords Malware infection and ransomware Compromise 10
11 Why is Phishing a Preferred Attack Method? Easy Low cost Difficult to prevent Flexible It pays 11
12 Top Phishing Lures Business compromise Service updates Account lockouts Invoices or bills Promotional offers Order or delivery notifications Voic Cloud file sharing Whaling/CEO fraud Text messages 12
13 Why are Phishing Attacks Successful? is the top business communication tool Many organizations lack sufficient phishing awareness training Phishing schemes are growing more sophisticated Popular attack method because s can bypass perimeter network security Phishing prey on psychology and behavior 13
14 Stages of a Phishing Attack Recon Social Engineering Attack Phase 14
15 Stage 1 Recon The dark Web Gather info from social media Build profile using company websites 15
16 Stage 2 Finding Victims Accounting Executives HR Legal Privileged users 16
17 Stage 3 Attack Phase Hijack existing websites Fake (look-alike) websites Spoofing Look-alike URLs Malicious attachments 17
18 Characteristics of Phishing Contains blurry images, poor spelling and grammar The offer seems too good to be true appears to be from trusted source and/or trusted person but demands urgent and/or uncommon actions Uses deceptive domain name Some are as simple as luring user to respond, which may lead to second stage attacks Appears to be from government agency Threatening and scare tactics Message contains urgency 18
19 Anti-Phishing Strategies Internet SPAM Filter Block SPAM Security Technology Signature based malware detection Advanced Threat Protection Transport Rules Detects zero-day threats and malicious URLs Block known malicious domain/addresses, high risk file types, known file names, known text strings, CEO spoofing DMARC Detects Domain Spoofing Inbox Encourage user to report phishing s Advanced Endpoint Protection Anti-Malware, Anti-Ransomware, Anti-Exploit, Web Reputation, Web Proxy Network Monitoring Monitor network traffic on endpoint 19
20 The reason attackers are able to successfully exploit the security gap is that they are targeting people, not computer systems. Kevin Mandia, COO, FireEye (founder & CEO, Mandiant) 20
21 Awareness and Training Sometimes people are the last line of defense against phishing attacks Provide company-wide phishing awareness training Conduct regular phishing simulation training Keep people informed of emerging threats 21
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26 Key Takeaways 26
27 Key Takeaways User training is still the best prevention against phishing attacks Perimeter defense is not enough Invest in a good security tool Other compensating security controls Protect SaaS and other cloud services 27
28 Questions? 28
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