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Cisco and AWS: Securing your resilience in a hybrid cloud world

By Justin Buchanan

We’ve all seen the headlines like “race to the cloud” and “cloud-first.” These articles and publications are true, more and more customers have adopted cloud strategies, but there is more to the story. In these customer conversations, cloud security and network security are often discussed in unison. Why is that?   

Customers desire freedom and choice when establishing resilience across every aspect of their business, and this requires both the ability to remain agile, and maintain control of their organization’s most sensitive data. Neither of these can be achieved with just the cloud, or private data center. Organizations are investing in hybrid-multicloud environments to ensure continuity amidst unpredictable threats and change. But these investments will fall short if they do not include security. 

The modern enterprise relies on the network more than ever before, and it looks a lot different than it did 10 years ago. According to our 2022 Global Hybrid Cloud Trends Report, where 2,500 global IT leaders were interviewed across 13 countries, 82% said they have adopted hybrid cloud architectures, and 47% of organizations use between two and three public IaaS clouds1. As organizations have grown more dependent on the network, the more complex it has become, making firewall capabilities the most critical element of the hybrid-multicloud security strategy. And Cisco has a firewall capability for every strategy, protecting your most important assets no matter where you choose to deploy it.  

In May, Cisco brought offerings from Umbrella and Duo to the AWS Marketplace. Today at AWS Re:Inforce, Cisco Secure announced furthering its partnership with AWS to drive innovation with the goal to protect the integrity of your business. Validating our commitment to hybrid-multicloud security, Cisco has received the AWS Security Competency Partner designation for Network and Infrastructure Security. This designation was awarded through our demonstrated success with customer engagements and rigorous technical validations of Secure Firewall.  

Now demoing at AWS Re:Inforce: Cisco Secure Firewall as-a-service on AWS 

This week at AWS Re:Inforce, customers can stop by our booth to see our latest firewall innovation. Cisco Secure Firewall as-a-service on AWS builds on our existing portfolio, giving organizations greater flexibility and choice with a radically simplified SaaS offering. If organizations are truly to embrace security across the multi-environment IT, customers demand simplification without compromising security. With a SaaS-based form factor, management and deployment complexity is reduced. NetOps and SecOps teams will enjoy a simplified security architecture where provisioning of firewalls and control plane infrastructure are managed by Cisco. This will save your teams time by removing the need to rearchitect the network, freeing them to focus on protecting the integrity of your business. 

As organizations continue to move more of their day-to-day operations to the cloud, Cisco and AWS are committed to ensure that security is an integral part of their hybrid multi-cloud strategy. We all have seen the impact of security that is bolted on, or too complex. If we are truly to find that balance between agility and protection to ensure business continuity, we need to ensure the same protections we have in the private infrastructure are easily consumed no matter where your data may roam.  

Additional Resources 

Product page: Cisco Secure Firewall for Public Cloud 

Partner page: Cisco solutions on AWS 

Blog: Securing cloud is everyone’s responsibility 

Quick Start page: Cisco solutions on AWS 

Amazon Partner Network page: Cisco solutions on AWS  

2022 Global Hybrid Cloud Trends Report 

References 

1 Henderson, N. & Hanselman, E. (2022, May 25). 2022 Global Hybrid Cloud Trends Report. 

S&P Global Market Intelligence, commissioned by Cisco Systems. 

https://www.cisco.com/c/en/us/solutions/hybrid-cloud/2022-trends.html


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Critical FileWave MDM Flaws Open Organization-Managed Devices to Remote Hackers

By Ravie Lakshmanan
FileWave's mobile device management (MDM) system has been found vulnerable to two critical security flaws that could be leveraged to carry out remote attacks and seize control of a fleet of devices connected to it. "The vulnerabilities are remotely exploitable and enable an attacker to bypass authentication mechanisms and gain full control over the MDM platform and its managed devices," Claroty

SmokeLoader Infecting Targeted Systems with Amadey Info-Stealing Malware

By Ravie Lakshmanan
An information-stealing malware called Amadey is being distributed by means of another backdoor called SmokeLoader. The attacks hinge on tricking users into downloading SmokeLoader that masquerades as software cracks, paving the way for the deployment of Amadey, researchers from the AhnLab Security Emergency Response Center (ASEC) said in a report published last week. <!--adsense--> Amadey, a

Hackers Exploit PrestaShop Zero-Day to Steal Payment Data from Online Stores

By Ravie Lakshmanan
Malicious actors are exploiting a previously unknown security flaw in the open source PrestaShop e-commerce platform to inject malicious skimmer code designed to swipe sensitive information. "Attackers have found a way to use a security vulnerability to carry out arbitrary code execution in servers running PrestaShop websites," the company noted in an advisory published on July 22. PrestaShop is

What Are Ransomware Attacks? An In-Depth Guide

By McAfee

We all love to spend time surfing the web — whether we’re shopping, paying bills, or reacting to funny memes. The internet has also allowed many of us to keep working from home even during the pandemic.  

The internet is great, but the best way to keep enjoying it is to know where and how bad actors can pop up in our computer systems. 

One way is through the use of ransomware, which is a type of malware that threatens users with blocked access or doxing (exposing personal information) if they don’t pay money to the cybercriminals who sent the malicious software.  

We’ll explain what ransomware is, how it works, and how to defend against it so you can stay one step ahead and continue enjoying life online. 

What is ransomware?

Ransomware is malware that uses encryption to hold your information at ransom. This might mean you can’t access critical data in files, databases, or applications. The cybercriminal will then usually demand a ransom to provide access.  

Often, ransomware includes a deadline to add a sense of urgency to the threat. Typical ransomware attacks might suggest that your data will be lost or published on the web for the world to see if you don’t pay. Ransom demands generally ask for payment in Bitcoin or some other form of cryptocurrency, where transactions are less regulated and traceable. 

Unfortunately, ransomware is often designed to spread across a network and target database and file servers — quickly paralyzing an entire organization. Ransomware attacks represent a growing problem, generating billions of dollars in payments to cybercriminals and inflicting damage and expenses for businesses and governmental organizations.  

However, if you have a basic understanding of how ransomware works, you can take steps to protect yourself. 

How does ransomware work?

Ransomware uses asymmetric encryption, which uses a mixture of symmetric and asymmetric encryption methods to make it more difficult to decrypt ransomed data files. Put simply, cybercriminals using asymmetric encryption generate a public key to encrypt files and a separate but private key to decrypt the same files. As a result, the victim has to rely on the hacker for the decryption key — for a price, of course — because the private key to decrypt the files is stored on the attacker’s server.  

The attacker then makes the private key available to the victim only after the ransom is paid, although this isn’t always the case, as seen in recent ransomware campaigns. Without access to the private key, it can be difficult to decrypt the files being held for ransom. 

Many forms of ransomware exist. Often, ransomware (and other malware) is distributed using email spam campaigns or through targeted attacks. Malware needs an attack vector, which is how a cybercriminal gains access to a device to deliver malicious software. This might take the form of an email attachment, webpage, pop-up window, or even instant message. After malware establishes its presence, though, it’ll stay on the system until it finishes its task. 

After a successful exploit, ransomware drops and executes a malicious binary on the infected system. This binary then searches and encrypts valuable files, such as Microsoft Word documents, images, databases, and so on. The ransomware may also exploit system and network vulnerabilities to spread to other systems and possibly across entire organizations. 

Once files are encrypted, ransomware prompts the user for a ransom to be paid within 24 to 48 hours to decrypt the files, or they’ll be lost forever. If a data backup is unavailable or those backups are encrypted, the victim might have to pay the ransom to recover their personal files. 

Examples of ransomware attacks

Cyberattacks, including different types of ransomware, occur and evolve all the time, but there are several ways to avoid them. 

It all starts with looking to the past to protect your sensitive data in the future. In the next few sections, we’ll cover how hackers have engaged in extortion across computer systems over the years. 

CryptoLocker

CryptoLocker was one of the earliest adopters of this type of malware — demanding a ransom payment in cryptocurrency for a user to get their data back. In fact, it was probably the first time many people had heard the term “ransomware.” 

In 2013, CryptoLocker attacked through an email attachment that looked like the tracking notifications of shipping companies like UPS and FedEx. It resulted in more than 250,000 infected computer systems and up to $27 million in extorted money. 

Although a decryption key has existed for CryptoLocker since 2014, it can still cause problems for users who may not recognize the presence of the ransomware before opening the attachment. 

WannaCry

In 2017, Wannacry took the “worm” approach to ransomware, spreading across Windows PCs through shared networks. At the time, the ransomware turned everything on the computer into encrypted data, with the hackers threatening not to return the data until the ransom was paid (in this case, cryptocurrency). Estimates point to over 200,000 computers being infected around the world.  

A killswitch was created to help operating systems infected with WannaCry, but the hacking group is still out there posing new threats. 

Kaseya

The Kaseya ransomware attacks occurred on July 2, 2021, and led to an FBI response because this represented a global cybercrime event. In this instance, though, the ransomware group REvil made damaging use of vulnerabilities found in the on-premises software of Kaseya VSA. The hackers then demanded $70 million in Bitcoin. 

The company managed many service providers, so the attack affected all of the downstream customers of those service providers. In fact, the malware attack may have affected around 1,500 organizations across the world.  

The good news is that patches have now been developed for affected servers. 

JBS

You might not immediately think of the world’s largest meat supplier as being one of the victims of ransomware, but that’s exactly what happened to JBS Foods.  

Threatening to disrupt the food supply chain in May 2021, organized cybersecurity attacks by REvil targeted JBS’s North American and Australian plants, encrypting data that was then ransomed for over $11 million worth of Bitcoin by the company.  

Colonial Pipeline

On May 7, 2021, hackers made malicious use of a single leaked password belonging to a virtual private network (VPN) account associated with the Colonial Pipeline Company.  

Even though the breached account had been dormant for some time, it was still successfully used as an entry point to the Colonial network. The password to this account was linked to a batch of compromised passwords on the dark web, leading officials to believe it could have been an employee who re-used the same password for other accounts.  

 

This major cybersecurity event showcases the ways that ransomware can set up camp inside computer systems without the use of phishing. 

How to defend against ransomware

Being proactive is one of the best things you can do to safeguard against ransomware attacks. This means thinking ahead to what vulnerabilities may exist in your current computer network setup and addressing them before they’re used for cyber extortion.  

There are several ways you can help reduce your exposure to cybercriminals by simply being alert to where they usually get in. The following sections offer information on how to set up the best possible defense against ransomware. 

Back up your data

The best way to avoid the threat of being locked out of your critical files is to ensure that you always have backup copies of them, preferably in the cloud and on an external hard drive. This way, if you do get a ransomware infection, you can wipe your computer or device free and reinstall your files from backup. This protects your data, and you won’t be tempted to reward the malware authors by paying a ransom. Backups won’t prevent ransomware but they can help mitigate the risks. 

Secure your backups

Make sure your backup data isn’t accessible for modification or deletion from the systems where the data resides. Ransomware will look for data backups and encrypt or delete them so they can’t be recovered, so it’s important to use backup systems that don’t allow direct access to backup files. 

Use security software and keep it up to date

Make sure all of your computers and devices are protected with comprehensive security software and keep all of your software up to date. Make sure you update your devices’ software early and often, as patches for flaws are typically included in each update.

Practice safe surfing

Be careful where you click. Don’t respond to emails and text messages from people you don’t know and only download applications from trusted sources. This is important since malware authors often use social engineering to try to get you to install dangerous files.[Text Wrapping Break] 

Only use secure networks

Avoid using public Wi-Fi networks since many of them aren’t secure and cybercriminals can snoop on your internet usage. Instead, consider installing a VPN like McAfee Secure VPN, which provides you with a secure connection to the internet no matter where you go.[Text Wrapping Break] 

Stay informed

Keep current on the latest ransomware threats so you know what to look out for. In the case that you do get a ransomware infection and haven’t backed up all of your files, know that some decryption tools are made available by tech companies to help victims. 

What to do if you’re the victim of a ransomware attack

Ransomware attacks don’t have to spell disaster if you catch them in time and know what to do. If you suspect you’ve been hit with a ransomware attack, it’s important to act quickly.  

Fortunately, there are several steps you can take to address ransomware issues quickly and have your computer systems return to business as usual in no time. 

  1. Isolate the infected device. Many antimalware programs start by discovering where the ransomware has made its home. This might be on a single device within your network or on many devices. Whatever the case, separating infected computers and other devices from the primary network and any other avenues to your sensitive data should be step one.
  2. Assess the damages. Understanding what the ransomware on your computer has had access to is the next step. Is it just your password-protected online accounts, or have your financial and health care records also been involved? Sometimes, the extent of the damage is immediately obvious. Other times, as with many phishing emails, you’ll be able to see that only certain aspects of your private information have been hijacked.
  3. Identify the ransomware. Finding out who and what has actually breached your privacy is crucial. Well-known hacker groups like REvil and Darkside often restrict their attacks to giant corporations, but the advent of things like ransomware as a service (RaaS) means that bad actors can and will target anyone now.
  4. Report the ransomware to authorities. Whether you discover that you have been hit by a somewhat vintage ransomware group like Petya or a more sophisticated modern program like Ryuk, always report your ransomware experience to law enforcement. The main reason for this is to help officials continue to develop decryptor systems until there’s no more ransom software to worry about. The secondary reason is so you aren’t seen as complicit with the actions of any hacker group that has targeted your information.
  5. Evaluate your backups. Lastly, take a good look at your storage and backup systems once you’re through the first hassles of a ransomware attack. Make sure that any external hard drives or cloud storage spaces have remained clean. If these safe spaces still exist, you can usually use them to help restore most of your sensitive data. 

Get a personalized protection plan

We’ve all spent more time online recently in the wake of the pandemic, and no one needs cybersecurity issues on their plates during this or any other time. The good news is that antivirus software is evolving rapidly and there are plenty of steps you can take to shield your computer systems from needless attacks like ransomware. 

One surefire way to get peace of mind against hacker groups is to put your trust in the expert care of Total Protection services from McAfee. All of our plans come with a private VPN, antivirus protection, and safe-browsing features. This means you can live your connected life free from threats like ransomware, malware, and more.  

With multiple affordable plans, there’s a McAfee protection plan for every person. It’s a small price to pay for staying one step ahead of ransomware attacks.  

The post What Are Ransomware Attacks? An In-Depth Guide appeared first on McAfee Blog.

T-Mobile to cough up $500 million over 2021 data breach

By Paul Ducklin
Technically, it's not a fine, and the lawyers will get a big chunk of it. But it still adds up to a half-billion-dollar data breach.

Microsoft Adds Default Protection Against RDP Brute-Force Attacks in Windows 11

By Ravie Lakshmanan
Microsoft is now taking steps to prevent Remote Desktop Protocol (RDP) brute-force attacks as part of the latest builds for the Windows 11 operating system in an attempt to raise the security baseline to meet the evolving threat landscape. To that end, the default policy for Windows 11 builds – particularly, Insider Preview builds 22528.1000 and newer – will automatically lock accounts for 10

NFT: A new‑fangled trend or also a new‑found treasure?

By Jake Moore

I’ve created an NFT so you don’t have to – here's the good, the bad and the intangible of the hot-ticket tokens

The post NFT: A new‑fangled trend or also a new‑found treasure? appeared first on WeLiveSecurity

Experts Uncover New 'CosmicStrand' UEFI Firmware Rootkit Used by Chinese Hackers

By Ravie Lakshmanan
An unknown Chinese-speaking threat actor has been attributed to a new kind of sophisticated Unified Extensible Firmware Interface (UEFI) firmware rootkit called CosmicStrand. "The rootkit is located in the firmware images of Gigabyte or ASUS motherboards, and we noticed that all these images are related to designs using the H81 chipset," Kaspersky researchers said in a new report published today

Cisco Salutes the League of Cybersecurity Heroes

By Cristina Errico

We have entered a world where uncertainty has become the normal operating mode for everyone. Within this new frontier, cybersecurity has become even more challenging. However, some cybersecurity professionals have stood out, using their unique skills and resourcefulness to protect the integrity of their businesses, and to withstand unpredictable and dynamically changing threats. In the end, they, and their businesses have emerged even stronger.

These accomplishments have lead them to be selected from over more than 700 Cisco Cybersecurity Advocates – who are also members of Cisco Insider Advocates – to join the League of Cybersecurity Heroes.

Cisco Insider Advocates is a peer networking community developed several years ago for Cisco customers around the globe. Currently, over 14,000 customers are using it to share technology insights, feedback, and best practices, and also to make meaningful connections with others in the industry. We at Cisco believe that when we connect, anything is possible, and the Insider Advocacy program is a great example of the great things that can happen when people come together.

Let’s meet our League of Cybersecurity Heroes

Roberto Alunda

As the global CISO of Mediapro, Roberto has deployed Cisco SecureX together with Umbrella, Secure Endpoint, Secure Firewall, ISE, NGIP, Threat Response, AnyConnect, and Web security. With this partnership, Mediapro has reduced its threat detection time by 90%. In addition, they have seen no false positives in their threat detection alerts. It is rare to boast of a 100% success rate, but they can boldly make that pronouncement. All of this has also benefitted Mediapro financially by incurring zero fines for any compliance issues

Blair Anderson

What do music, cybersecurity, and teaching all have in common? They all culminate in a readiness to perform. Equally, they all require collaboration, comfort with the unexpected, and a passion for the job. Blair exemplifies the best of these traits, and in doing so, he provides inspiration and excellence to all with whom he interacts. Watching Blair at work makes one wonder if there are more hours granted to him during a day than the average person. He is a time-maximizer, spending most of that time in the service of others.

Kevin Brown

Too often, cybersecurity certifications are treated derisively by some of the very professionals who need them most. This is not the case with Kevin, who can list the many benefits of attaining certifications. Kevin’s desire to improve his knowledge doesn’t stop with technology and cybersecurity. He is an avid reader of anything that can raise him up to be better than he was the day before. With a career that started in the US Marine Corps, Kevin continues to learn and grow, all the while remaining as masterful at a computer keyboard as he is his with his traditional 55-gallon-barrel BBQ smoker and grill.

Steve Cruse

Steve is a Senior Cybersecurity and Network Architect at Lake Trust Credit Union. Like most organizations, Lake Trust has had to transition to a completely remote workforce quickly, and thanks to Secure Network Analytics, they were able to transition the employees to work remotely while maintaining the same high level of visibility and protection in place. Steve was the subject of a case study about the benefits that Cisco products have brought to Lake Trust Credit Unions’ customers. He is currently collaborating to update that information to share more of his knowledge.

Enric Cuixeres

Being the Head of Information Technology is never an easy job. However, when food manufacturer, Leng-d’Or, was faced with a challenge during the pandemic that could have interrupted its production line, quick thinking, skilled leadership, and a close partnership with Cisco all lead to positive outcomes, and helped them to pull through stronger than before. Part of this success comes from Enric’s distinct understanding of the threats, solutions, and processes needed to bring security to a higher level for the Leng-d’Or organization. Enric also shares his success story very freely, adding immeasurable benefits to the security community.

Tony Dous

Cybersecurity is truly a global discipline. Tony Dous proves this by practicing his craft as a Senior Network Security Engineer in Cairo, Egypt. Tony’s involvement with the Cisco community shows how no distance is too far for a motivated cybersecurity professional.

John Patrick Duro

When John Patrick is on the job, there is no longer any feeling that the criminals are one-step ahead of the good guys. He adopted Umbrella together with Meraki to develop a proactive security approach inside his organization. John Patrick created a more unified network from a patchwork of disparate entities. In doing so, he reduced the complexity within the environment. Complexity is so often responsible for security gaps, and John Patrick’s work not only corrected those gaps, but he brought people together in the process. He and his team received great feedback from the employees, who enjoyed a consistent network experience.

Amit Gumber

We often hear stories about teenagers who become enamored with technology, leading to the fulfillment of a dream. Amit Gumber became interested in cybersecurity at an early age, pursued his passion and has worked in the field ever since. His sense of advocacy is best described in his own words: “I’m quite passionate about sharing knowledge and ideas with peers and participating in collaborative activities.” Amit’s use of Cisco technologies has helped HCL Technologies to stabilize and secure their environment.

Mark Healey

One of the most important factors for success is insatiable curiosity. Mark Healey is a continuous learner, and he is an example of someone who enthusiastically shares his knowledge. Whether it is on a personal level, or through his high engagement as part of the Cisco Insider Advocates community, or as an active member of the Internet Society, Mark is an evangelist and a positive voice for cybersecurity.

Wouter Hindriks

Wouter holds a special designation, not only as a member of the League of Cybersecurity Heroes, but also as the recipient of the “Cybersecurity Defender of the Year” award. Wouter is an active participant in the cybersecurity community, working with an almost evangelical zeal towards sharing the importance of holistic cybersecurity. His contributions stand out towards making the cyber realm a safer place.

Bahruz Ibrahimov

It is often said that the job of a cybersecurity professional in an educational facility is especially challenging. When that facility happens to be the largest in an entire country, with over 4,000 schools and universities, the job of protecting it can seem insurmountable. At AzEduNet, in Azerbaijan, Bahruz and his team is tasked with securing the network for its 1.5 Million students. With Cisco Secure, the security team reduced security incidents by 80%. This not only ensures access for the students, but also keeps the data safe.

Walther Noel Meraz Olivarria

Many people want to enter the cybersecurity profession, but few have the dedication and perseverance to fully embrace the skillset required to meet that goal. Walther Noel not only had the desire to refocus his career, but he proved it by earning the CyberOps Associate Certification. His accomplishment is a prime example of how one can step outside of their comfort zone to grow and thrive.

Pascual Sevilla

Pascual demonstrates how important it is to make the most of the learning opportunities in Cisco Insiders Advocates. While already a successful NOC engineer, he sought to advance his professional development by studying cybersecurity. He passed the CCNA CyberOps 200-201 exam, moving him closer to propelling his career to even higher achievements.

Inderdeep Singh

One of the noblest expressions of knowledge is the desire to freely share that information. Inderdeep lives up to this ideal, offering his expertise to all with no expectations of reciprocity. His charitable spirit has not gone unnoticed, as he has been a previous award winner for Cisco IT Blogs, as well as a designation on the Feedspot top 100 Networking Blog.

Luigi Vassallo

Being the first to try a new technology can be a risky proposition. However, as a COO, risk calculations are in one’s blood. Luigi, along with the Sara Assicurazioni organization, hails as the first company in Italy to embrace cloud technology. As a company with more than one million customers, this was a bold initiative that required careful planning, keen insight, and above all, collaboration. In the end, this has resulted not only in a digital transformation, but a business transformation.

Whether it is a technical achievement, a personal triumph, or a spirit of helping others, each member of our League of Cybersecurity Heroes proves how technology and humanity can work together to accomplish the impossible. Congratulations to all of them!

Want to learn more about how Cisco can help you succeed?

Join the Cisco Insider Advocacy community

 


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Russia Is Quietly Ramping Up Its Internet Censorship Machine

By Matt Burgess
Since Vladimir Putin blocked Facebook, Instagram, and Twitter in March, Russia has been pushing away from the global internet at a rapid pace.

Interstate Travel Post-Roe Isn’t as Secure as You May Think

By Thor Benson
Despite the DOJ vowing to protect people's ability to travel out of state for abortion care, legal experts warn not to take that freedom for granted.

Why Physical Security Maintenance Should Never Be an Afterthought

By Infosec Contributor
SecuriThings' CEO Roy Dagan tackles the sometimes overlooked security step of physical security maintenance and breaks down why it is important.

Magecart Hacks Food Ordering Systems to Steal Payment Data from Over 300 Restaurants

By Ravie Lakshmanan
Three restaurant ordering platforms MenuDrive, Harbortouch, and InTouchPOS were the target of two Magecart skimming campaigns that resulted in the compromise of at least 311 restaurants. The trio of breaches has led to the theft of more than 50,000 payment card records from these infected restaurants and posted for sale on the dark web. "The online ordering platforms MenuDrive and Harbortouch

Racoon Stealer is Back — How to Protect Your Organization

By The Hacker News
The Racoon Stealer malware as a service platform gained notoriety several years ago for its ability to extract data that is stored within a Web browser. This data initially included passwords and cookies, which sometimes allow a recognized device to be authenticated without a password being entered. Racoon Stealer was also designed to steal auto-fill data, which can include a vast trove of

Roaming Mantis Financial Hackers Targeting Android and iPhone Users in France

By Ravie Lakshmanan
The mobile threat campaign tracked as Roaming Mantis has been linked to a new wave of compromises directed against French mobile phone users, months after it expanded its targeting to include European countries. No fewer than 70,000 Android devices are said to have been infected as part of the active malware operation, Sekoia said in a report published last week. Attack chains involving Roaming

How to Safely Lend Someone Else Your Phone

By David Nield
The next time someone wants to borrow your device to make a call or take a picture, take these steps to protect your privacy.

Why Physical Security Maintenance Should Never Be an Afterthought

By Infosec Contributor
SecuriThings' CEO Roy Dagan tackles the sometimes overlooked security step of physical security maintenance and breaks down why it is important.

The January 6 Secret Service Text Scandal Turns Criminal

By Lily Hay Newman
Plus: The FCC cracks down on car warranty robocalls, Thai activists get targeted by NSO's Pegasus, and the Russia-Ukraine cyberwar continues.

Office macro security: on-again-off-again feature now BACK ON AGAIN!

By Paul Ducklin
20 years to turn it on, then 20 weeks to turn it off, then just 2 weeks to turn it back on again. That's progress!

What is ATM Skimming?

By McAfee

Ever hear of a crime called skimming? It may not be as dramatic a crime as assault or Ponzi schemes, but it can cause significant problems to you as your  savings account can be wiped out in a flash.

Picture a scrawny nerd tampering with an automated teller machine (ATM)—the machine you use with your debit card to get cash. The thief places a device over the slot through which you slide your debit card. You have no idea it’s there. You swipe your card, and the device “skims” or reads your card’s information. In the middle of the night, the thief creeps back, removes the skimming device, downloads your data, burns it to a blank ATM card, makes a fat withdrawal and goes home with the loot. Or they could download your information from the skimmer and then use your information to make online purchases or access your account. Either way, they could clean you out before you wake up next morning!

Now, to be successful, the criminal not only needs a skimming device, they also need to attach a tiny wireless camera to capture your PIN.  These cameras are usually concealed in the lighting fixture above the keypad, in a brochure near the machine, or attached directly to the ATM.

To protect yourself from being skimmed, and generally staying safe when using your debit or credit cards, follow these tips:

  • Scrutinize the ATM. This means every ATM, even ones from your bank. You also want to check any of the card sliders like ones at gas stations, etc, especially if you’re using your debit card. If the scanner does not match the color and style of the machine, it might be a skimmer. You should also “shake”  the card scanner to see if it feels like there’s something  attached to the card reader on the ATM.
  • Cover the keypad when entering your PIN. In order to access your bank accounts, thieves need to have your card number and your PIN. By covering the keypad, you prevent cameras and onlookers from seeing your PIN.
  • Check your bank and credit card statements often. If someone does get your information, you have 60 days to report any fraudulent charges to your credit card company in order not to be charged. For a debit card, you only have about 2 days to report any suspicious activity.
  • Be choosy. Don’t use general ATMs at bars or restaurants. These are not usually monitored and therefore, can be easily tampered with by anyone.

Stay safe from skimming!

The post What is ATM Skimming? appeared first on McAfee Blog.

What Is Malvertising and How Do You Avoid It?

By McAfee

Smartphones and personal computers have enhanced our lives in so many ways that it can be hard to even imagine a world without them. The internet is an awesome place with endless opportunities and possibilities, but it’s also home to some seedy characters that can expose us to certain risks, like malvertising. 

Malvertising, which is short for malicious advertising, attacks and compromises systems by spreading advertisements injected with malicious code. Legitimate advertising networks can then display these malicious advertisements without even knowing they’re infected.  

In this article, we’ll take a closer look at what malvertising is and what you can do to secure your data and keep your information safe online. We’ll also provide some examples so you can fully understand how malvertising might be used.  

Having a thorough understanding of malvertising is the first step toward keeping the internet a safe place for you and your family. 

How does malvertising affect you online?

Since malvertising disguises malicious code inside legitimate online advertising, ad networks may find it hard to stop malvertising from appearing as legitimate ads.  

Viewing malvertisements can put your personal information at risk, such as your identification information, contact details, and financial data. It can also alter or delete your information, hijack your computer functions, spy on your computer activities, and steal your data. And this all can happen without your knowledge.  

The type of risk, though, depends on the programs that the malvertising successfully downloads onto your device. These programs can include: 

  • Malware: This includes any malicious program that can harm your device or steal your information. 
  • Ransomware: Ransomware is exactly what it sounds like. It encrypts your files or locks your devices and requires you to pay a ransom to use them again. Cybercriminals generally require the ransom to be in cryptocurrency because it is untraceable.  
  • Spyware: This is a type of malware that spies on your online activities without your knowledge. Spyware puts your device’s security at risk and violates your privacy.  
  • Adware: Adware is short for advertising-supported software and hides on your device while serving you pop-up ads. This can slow down your device and install spyware or viruses on it.  
  • Viruses: A virus is a computer program that replicates itself onto computer programs and is designed to steal data or damage the device.  

Examples of malvertising 

Cybercriminals use various methods to inject infected code into online ads. Below are some examples of the types of malvertising that can pose a risk to your cybersecurity and exploit vulnerabilities on your devices. 

  • Ad creative containing malware: Text or banner ads can contain embedded malware. The infected ads — even if they’re display ads that aren’t clicked on — can put all of the devices that displayed the ad at risk for scams or malicious software.  
  • Ad calls containing malicious code: A cybercriminal can add infected code to an ad payload and infect any devices that display the ad.  
  • Video containing malware: Video players are vulnerable to malware since they don’t have any protection against it. Videos can display malicious links and, consequently, infect your device.  
  • Compromised URLs: Whenever a user clicks on an ad, it directs them between several URLs that eventually lead them to a landing page. If any of these URLs get infected with malicious code, the user’s computer can be at risk of a cyberattack.  
  • Landing page with a malware-infected element: Legitimate websites can also contain elements infected with malware. When you click on an ad and get directed to a legitimate landing page, your device can still be infected by a malicious element on the page.  
  • Pixel containing malware: Cybercriminals can intercept the delivery path of a pixel and send malicious code to your browser.  
  • Flash video containing malware: Flash files can load a pre-roll banner injected with malicious code. This can infect your device once it gets exposed to it without you having to click on the video.  

Even highly reputable and popular websites, such as The New York Times, the BBC, Spotify, and AOL, have been targeted in the past by malicious ads, putting billions of visitors at risk. Any website can become a target.  

What’s the difference between malvertising and adware?

Malvertising is often confused with ad malware. Both are forms of malware and involve infected advertisements, but they’re fundamentally different.  

Malvertising uses malicious code that can cause harm to anyone viewing the infected advertisement, while adware is used to target individuals by forcing ads onto their devices to generate clicks. Users can get bombarded with pop-up ads, which can affect their devices. Adware also collects browsing information to sell to advertisers. This is often referred to as browser hijacking. 

How to avoid malvertising as a web user

Taking the necessary steps to protect your online activities and personal identifying information can help shield you from malvertising attacks. Massive volumes of online ads are displayed every day, so it’s never been more important to safeguard yourself against any shady activity on the internet.  

Taking a few steps can help you avoid malvertising and minimize your risk of identity theft.  

  • Take advantage of identity protection software like McAfee. We can help you stay protected against cybercrime with identity monitoring and identity restoration services (in the event of identity theft).  
  • Always ensure that your ad blocker and antivirus software are up to date. These can help reduce the risk of malvertising. Keep in mind that outdated software becomes less effective with time.  
  • Don’t use Java or Flash. The Flash player is vulnerable to cyberthreats since it’s an outdated plugin. Java is another plugin that allows software to be executed within your browser and carries a high risk of being abused to circumvent security measures on your device. You can disable the plugins or uninstall them entirely.  

Keep your information secure online with McAfee

With so much sensitive information being shared online, it’s never been more important to take the necessary steps to help keep your data and privacy safe.  

McAfee Total Protection services can help increase cybersecurity on your devices and keep your identity private from hackers. We offer all-in-one protection so you can get the peace of mind you deserve while enjoying the internet. 

All products include identity monitoring, automated privacy using a virtual private network (VPN), a password manager, a firewall, and much more. We also offer identity restoration assistance and up to $1 million in identity theft coverage to help relieve the burden of data breaches.  

Get comprehensive identity protection from McAfee and get back to surfing the internet with confidence.  

The post What Is Malvertising and How Do You Avoid It? appeared first on McAfee Blog.

SonicWall Issues Patch for Critical Bug Affecting its Analytics and GMS Products

By Ravie Lakshmanan
Network security company SonicWall on Friday rolled out fixes to mitigate a critical SQL injection (SQLi) vulnerability affecting its Analytics On-Prem and Global Management System (GMS) products. The vulnerability, tracked as CVE-2022-22280, is rated 9.4 for severity on the CVSS scoring system and stems from what the company describes is an "improper neutralization of special elements" used in

Microsoft Resumes Blocking Office VBA Macros by Default After 'Temporary Pause'

By Ravie Lakshmanan
Microsoft has officially resumed blocking Visual Basic for Applications (VBA) macros by default across Office apps, weeks after temporarily announcing plans to roll back the change. "Based on our review of customer feedback, we've made updates to both our end user and our IT admin documentation to make clearer what options you have for different scenarios," the company said in an update on July

A Unique Cybersecurity Career Path: From Journalism to Cisco

By Mary Kate Schmermund

Few security career paths are linear. For Stephanie Frankel the journey to Cisco Secure was circuitous. The Ann Arbor, Michigan native studied journalism at the University of Michigan before managing communications for the Washington Capitals and NBC Sports. But after several stints at communications agencies, she charted a new path for herself in cybersecurity. Not only has her diverse background served as a strength in her current role as senior manager for strategy and operations, but it’s also informed her management philosophy.

Road to Cybersecurity

After doing project management and account direction at consulting agencies, Frankel was interested in honing her skills and expertise on the client side. She had heard amazing things about Duo and wanted to stay in Ann Arbor and work for a company with local roots. After interviewing, Frankel realized that “working at Duo was a cool, exciting opportunity with a really awesome group of people.”

Frankel was on the ground running working as a technical project manager in research and development overseeing the Multi-Factor Authentication, applications and mobile engineering teams despite not having worked in information security before.

Duo’s security education allowed Frankel to understand the industry and is something she values for getting more people into the cybersecurity field. At Duo and Cisco Secure, employees come from a variety of backgrounds and some don’t have much (or any) experience with cybersecurity.

Robust educational programs build knowledge about security and specific products which empower new team members to grow and learn. Every team also has a learning and development budget for employees to quench their curiosity and enhance their knowledge through courses, books or other programs Manager of Global Employee Programs Anndrea Boris shared.

“People are open to having conversations and open to ideas and ways to solve those ideas. If you have an idea of how to solve a problem, no matter whether it’s your job or not, people are open and willing to listen to you.” – Stephanie Frankel

Something Frankel also appreciates most is that ideas are valued at Duo and Cisco Secure: “Even in my first job, I would have ideas and go to my boss or our head of engineering and say, ‘Hey, I think this could be a really cool opportunity, and I think it needs this.’ People are open to having conversations and open to ideas and ways to solve those ideas. If you have an idea of how to solve a problem, no matter whether it’s your job or not, people are willing to listen to you.”

After a year, Frankel moved from engineering to marketing to run operations for Duo’s in-house brand team, leading the team through a rebrand. “The team really rallied behind this new brand and it was amazing to see their pride and hard work when sharing it,” she said. With Frankel’s leadership, the team showcased not only the new look and feel of the brand but also the customer research that went into understanding the need for the change.

“Our amazing team knew that for it to catch on internally we needed to help people understand the why. The team put together an amazing training and went around the company to help people understand the security buyer, the industry overall and our differentiators and how we could do all of this within the umbrella of Cisco,” she said.

Recognizing that she most enjoys and feels best suited for a strategic operations role, she had open conversations with her manager. “I told my boss, ‘It’s just not a great fit.’” Her manager was very supportive, and they worked through potential options. “You’ll find a lot of that at Cisco,” she said.

Now as senior manager in the Strategy and Operations Group within Cisco’s Security and Collaboration division, Frankel runs key initiatives for business operations that drive business growth. She is empowered to creatively solve problems and collaborate “with all the stakeholders within each group to move these programs forward, to understand the problems we’re looking to solve, create objectives, a program plan, and continue to track metrics and progress towards those ultimate goals,” she said.

Growing as a Leader at Cisco

A self-described “over communicator,” Frankel believes that as a leader, “the more you communicate and the more transparent you are, the better.” Frankel loves leading people who are experts in their fields and letting them do what they do best.

On the brand team, for example, she trusted her team’s expertise in producing stories, videos and animations to demystify Cisco’s security products.

“All I needed to do was give them the objective and the goals and they were able to come up with the solutions,” Frankel said.

She fondly remembers the boss at one of her first jobs out of college. In that job Frankel wrote press releases and wanted her boss to fully approve the final versions before sending them to the media. Once her boss told her, “Stephanie, if you keep giving it back to me, I will keep finding things to change. I trust you to know when it is ready to go.” That confidence in her so early in her career “gave me so much confidence in myself,” she said.

Frankel emulates his approach to management by recognizing that each employee has different needs in their lives, in their careers, and in how they like to receive feedback. From that boss Frankel first learned that for every piece of negative feedback, you must give four pieces of positive feedback for “someone to actually hear it because that’s how you balance things out in your mind.”

Frankel believes feedback is crucial for growth. “I don’t see how you can improve or grow without it, no matter what level of your career you’re at. Feedback shouldn’t be taken as negative, as much as it is a way for you to improve,” she said.

One of the most helpful things Frankel learned in a Cisco class for managers was the importance of asking a person if they are in a good place to receive critical feedback. “You might not be in the mindset to accept the feedback and to do something constructive with it,” she said. ”If you’re having a bad day or struggling, you could say, ‘You know what, I’m not going to be able to take it today, but let’s talk tomorrow and I’ll be in a better place to receive it.’’’

The Power of Pivot on a Security Career Path

Frankel has spent the last year thriving in a role she never anticipated in an industry her college training in journalism didn’t fully prepare her for. The secret, she says, is keeping an open mind to new possibilities and a willingness to take on new challenges, even if you don’t feel 100% ready.

“A lot of it is getting real world experience and learning your way through it and knowing that there’s a lot of opportunities and a lot of people that are willing to teach you,” she said.

cisco

To pivot professionally Frankel advises not feeling pigeonholed just because you studied a particular topic or have been in a certain industry for a long time. Take what you can from where you started such as storytelling and communications skills in the case of journalism for Frankel. While trying something new may require taking a different level or type of job “sometimes it’s worth it because you have that opportunity to grow and you might find you’re happier somewhere else,” she said.

When discerning professional steps Frankel recommends having open and honest conversations with yourself and others such as mentors.

“Cisco has so many mentorship programs and so many people that are knowledgeable about a lot of things,” she said. ”Just because your current role isn’t a great fit doesn’t mean that there’s not another good fit within the corporation, or it doesn’t mean that you can’t create your own good fit.”

Get started on your career path

Did you know that Cisco offers cybersecurity trainings and certifications? Start developing your cybersecurity skills today! And if you’re ready to jump into an exciting new career in security, check out the open roles at Cisco Secure and Duo Security.


We’d love to hear what you think. Ask a Question, Comment Below, and Stay Connected with Cisco Secure on social!

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The Unsolved Mystery Attack on Internet Cables in Paris

By Matt Burgess
As new details about the scope of the sabotage emerge, the perpetrators—and the reason for their vandalism—remain unknown.

Google Bringing the Android App Permissions Section Back to the Play Store

By Ravie Lakshmanan
Google on Thursday said it's backtracking on a recent change that removed the app permissions list from the Google Play Store for Android across both the mobile app and the web. "Privacy and transparency are core values in the Android community," the Android Developers team said in a series of tweets. "We heard your feedback that you find the app permissions section in Google Play useful, and

An Easier Way to Keep Old Python Code Healthy and Secure

By The Hacker News
Python has its pros and cons, but it's nonetheless used extensively. For example, Python is frequently used in data crunching tasks even when there are more appropriate languages to choose from. Why? Well, Python is relatively easy to learn. Someone with a science background can pick up Python much more quickly than, say, C. However, Python's inherent approachability also creates a couple of

Ukrainian Radio Stations Hacked to Broadcast Fake News About Zelenskyy's Health

By Ravie Lakshmanan
Ukrainian radio operator TAVR Media on Thursday became the latest victim of a cyberattack, resulting in the broadcast of a fake message that President Volodymyr Zelenskyy was seriously ill. "Cybercriminals spread information that the President of Ukraine, Volodymyr Zelenskyy, is allegedly in intensive care, and his duties are performed by the Chairman of the Verkhovna Rada, Ruslan Stefanchuk,"

Candiru Spyware Caught Exploiting Google Chrome Zero-Day to Target Journalists

By Ravie Lakshmanan
The actively exploited but now-fixed Google Chrome zero-day flaw that came to light at the start of this month was weaponized by an Israeli spyware company and used in attacks targeting journalists in the Middle East. Czech cybersecurity firm Avast linked the exploitation to Candiru (aka Saito Tech), which has a history of leveraging previously unknown flaws to deploy a Windows malware dubbed

Sextortion: What Your Kids Need to Know

By Toni Birdsong

Sextortion is something no parent wants to think could happen to their child, nor a topic most of us would ever imagine we’d need to discuss in our homes. However, according to the latest FBI reports, sextortion is a digital threat to children that, woefully, is on the rise.

According to the FBI, there has been a considerable increase lately in sextortion cases involving children and teens being coerced by adults online.

What is sextortion?

A sextortion scenario can emerge in several ways. Most often, it occurs when an adult (posing as a peer) engages in casual conversation with an underage child, gains their trust through online conversation, then pressures or threatens the child into sharing sexual photos or videos of themselves.

Random contacts

In some cases, the initial contact with the criminal will be a threat. The person may claim to already have a revealing picture or video of a child that they threaten to share if the victim does not send more pictures.

Known contacts

According to the FBI, this crime more often starts when young people believe they are communicating with someone their age who is interested in a relationship or with someone who is offering something of value. This catfish (false profile) relationship usually involves the predator using gifts, money, flattery, lies, or other methods to get a young person to produce an image.

How does sextortion begin?

These dangerous conversations can be initiated through text, a social or chat app, a gaming site, or any number of digital connection points.

After a criminal successfully obtains a photo or video from their victim, the threats can escalate to promises to publish the content or even hurt the child if they don’t send more. This emotionally harrowing situation can ignite shame, fear, and confusion in children who may be too embarrassed to ask for help or report the abuse.

While these criminals rarely request to meet their victims face-to-face, the emotional and physical impact of sextortion can be devastating to a child. According to the FBI, some victims report abusers who become vicious with non-stop harassment and threats. Victims can feel scared, alone, embarrassed, and increasingly desperate. Sadly, as reported in the news, this type of crime can leave some children feeling like they have no way out of the situation.

What can families do?

Talk about the reality of sextortion.

If you are a parent or caregiver, explain to your child how sextortion can happen to anyone online and why it’s important to only connect with known friends and family. Parents: Consider boosting your device security with parental controls that filter content, report your child’s online activity, and reveal potential problems.

Master and repeat the basics.

Some essential safety protocols kids should follow online are worthy of repeating. They are:

1) Make social accounts private, don’t share personal information, and only connect with known friends

2) Ignore and block messages from strangers

3) Keep your guard up. People can pretend to be anyone online, and photos can be altered

4) Be suspect if anyone asks you to message or text with them privately

5) Never share risky photos with anyone online—even a trusted friend

6) Tell someone immediately if someone is threatening you online.

Audit all digital connections.

With your child, go through their apps, social networks, chats, gaming communities, and friend groups and do some editing, defriending, and blocking. Make sure both you and your child know and trust all their online connections. Remember: Open communication and an honest relationship with your child are the most powerful tools you have to keep your child safe online.

Be clear to remove any fault.

A sextortion situation for a child can be incredibly confusing and cause them to isolate and avoid telling anyone about it. Remind and be clear with your child that they would never be in trouble for coming to you with any problem. Let them know that sextortion is a crime for the perpetrator and that they have not broken any laws by sending photos (despite what an abuser might have told them).

Report the crime.

Victims of sextortion should go to a parent or trusted adult and tell them they need help. While doing this can feel terrifying, it’s crucial for victims to know people understand and want to help. For parents and caregivers, contact the FBI at 1-800-CALL-FBI or report the crime online at tips.fbi.gov.

While the bad actors online are out to exploit and ruin our digital spaces, it’s important to maintain a healthy perspective rather than responding with fear. Remind your kids that there’s an army of people even more dedicated than the criminals; people like the FBI who are out to stop online crime and keep the internet safe for families. Additionally, as a parent or caregiver, your commitment to helping your family stay informed, equipped, and empowered online is how we all win.

The post Sextortion: What Your Kids Need to Know appeared first on McAfee Blog.

Kicking off my Second Career: Gayatri’s McAfee Journey

By Life at McAfee

Our How I Got Here series spotlights the stories of team members who have successfully grown their career here at McAfee. This journey features Gayatri who kicked off her second career at McAfee after leaving her role and returning to further education.

My McAfee Career Journey

McAfee truly kicked off my second career journey! I previously worked as a Software Engineer before I joined the McAfee Pre-sales Operations team as a summer intern as part of my business graduate program. One thing led to another, and I joined McAfee full-time as a Technical Project Analyst after I graduated later that year!

I’ve always believed in having a growth mindset, I embrace learning and looking for ways to build on my achievements. I’m proud to be part of an organization that nurtures this and helps you pursue your passions. For example, in 2019 I moved from a team focused on products and services for large businesses to a team focused on individual consumers. The needs of consumers versus big businesses are very different, so the business operations work supporting that focus are very different as well. It was a steep learning curve, but I felt supported every step of the way, and since then have grown so much!

Getting outside my comfort zone

Back in 2011, I was a software engineer spending my days doing programming and web development. While I was happy doing that, it was after working on many client-facing projects that I aspired to work at the intersection of business and technology. So, I left engineering and went to business school.

Taking a break from my full-time job to pursue formal business education in a new country was a big step outside my comfort zone. It was challenging to find balance, but the journey was worth it!

Teaming together to see the bigger picture

Today, I am a Sales Enablement and Operations Manager supporting sales teams all over the world. My focus areas include managing platforms and tools like Salesforce, Power BI, and SharePoint Sales Portal, as well as our department’s training and enablement programs – in other words, technology and professional development that help our team members be successful. Plus, I’m a key team member for an array of programs and projects that are pushing the business forward.​​​​​​​​

My work is highly collaborative, and I really enjoy working on projects with colleagues across different departments all over the world. I get to see the bigger picture, better understand the business context, and see the WHY behind the initiatives we drive.​​​​​​​​​​​​​​​​​​​​​

From business projects to being a part of the McAfee WISE (Women in Security) Board, it’s the people, culture, and opportunity that sets McAfee apart. I love working with the amazing people at McAfee!

Underlying it all: Working at McAfee matters because ultimately what we do helps protect lives of millions of people online.

My advice for anyone looking to drive their career forward is:

I have come to realize that the pain of staying the same is greater than the pain of changing and growing. Develop a growth mindset to keep moving forward!

The post Kicking off my Second Career: Gayatri’s McAfee Journey appeared first on McAfee Blog.

Massive Losses Define Epidemic of ‘Pig Butchering’

By BrianKrebs

U.S. state and federal investigators are being inundated with reports from people who’ve lost hundreds of thousands or millions of dollars in connection with a complex investment scam known as “pig butchering,” wherein people are lured by flirtatious strangers online into investing in cryptocurrency trading platforms that eventually seize any funds when victims try to cash out.

The term “pig butchering” refers to a time-tested, heavily scripted, and human-intensive process of using fake profiles on dating apps and social media to lure people into investing in elaborate scams. In a more visceral sense, pig butchering means fattening up a prey before the slaughter.

“The fraud is named for the way scammers feed their victims with promises of romance and riches before cutting them off and taking all their money,” the Federal Bureau of Investigation (FBI) warned in April 2022. “It’s run by a fraud ring of cryptocurrency scammers who mine dating apps and other social media for victims and the scam is becoming alarmingly popular.”

As documented in a series of investigative reports published over the past year across Asia, the people creating these phony profiles are largely men and women from China and neighboring countries who have been kidnapped and trafficked to places like Cambodia, where they are forced to scam complete strangers over the Internet — day after day.

The most prevalent pig butchering scam today involves sophisticated cryptocurrency investment platforms, where investors invariably see fantastic returns on their deposits — until they try to withdraw the funds. At that point, investors are told they owe huge tax bills. But even those who pay the phony levies never see their money again.

The come-ons for these scams are prevalent on dating sites and apps, but they also frequently start with what appears to be a wayward SMS — such as an instant message about an Uber ride that never showed. Or a reminder from a complete stranger about a planned meetup for coffee. In many ways, the content of the message is irrelevant; the initial goal to simply to get the recipient curious enough to respond in some way.

Those who respond are asked to continue the conversation via WhatsApp, where an attractive, friendly profile of the opposite gender will work through a pre-set script that is tailored to their prey’s apparent socioeconomic situation. For example, a divorced, professional female who responds to these scams will be handled with one profile type and script, while other scripts are available to groom a widower, a young professional, or a single mom.

‘LIKE NOTHING I’VE SEEN BEFORE’

That’s according to Erin West, deputy district attorney for Santa Clara County in Northern California. West said her office has been fielding a large number of pig butchering inquiries from her state, but also from law enforcement entities around the country that are ill-equipped to investigate such fraud.

“The people forced to perpetrate these scams have a guide and a script, where if your victim is divorced say this, or a single mom say this,” West said. “The scale of this is so massive. It’s a major problem with no easy answers, but also with victim volumes I’ve never seen before. With victims who are really losing their minds and in some cases are suicidal.”

West is a key member of REACT, a task force set up to tackle especially complex forms of cyber theft involving virtual currencies. West said the initial complaints from pig butchering victims came early this year.

“I first thought they were one-off cases, and then I realized we were getting these daily,” West said. “A lot of them are being reported to local agencies that don’t know what to do with them, so the cases languish.”

West said pig butchering victims are often quite sophisticated and educated people.

“One woman was a university professor who lost her husband to COVID, got lonely and was chatting online, and eventually ended up giving away her retirement,” West recalled of a recent case. “There are just horrifying stories that run the gamut in terms of victims, from young women early in their careers, to senior citizens and even to people working in the financial services industry.”

In some cases reported to REACT, the victims said they spent days or weeks corresponding with the phony WhatsApp persona before the conversation shifted to investing.

“They’ll say ‘Hey, this is the food I’m eating tonight’ and the picture they share will show a pretty setting with a glass of wine, where they’re showcasing an enviable lifestyle but not really mentioning anything about how they achieved that,” West said. “And then later, maybe a few hours or days into the conversation, they’ll say, ‘You know I made some money recently investing in crypto,’ kind of sliding into the topic as if this wasn’t what they were doing the whole time.”

Curious investors are directed toward elaborate and official-looking online crypto platforms that appear to have thousands of active investors. Many of these platforms include extensive study materials and tutorials on cryptocurrency investing. New users are strongly encouraged to team up with more seasoned investors on the platform, and to make only small investments that they can afford to lose.

The now-defunct homepage of xtb-market[.]com, a scam cryptocurrency platform tied to a pig butchering scheme.

“They’re able to see some value increase, and maybe even be allowed to take out that value increase so that they feel comfortable about the situation,” West said. Some investors then need little encouragement to deposit additional funds, which usually generate increasingly higher “returns.”

West said many crypto trading platforms associated with pig butchering scams appear to have been designed much like a video game, where investor hype is built around upcoming “trading opportunities” that hint at even more fantastic earnings.

“There are bonus levels and VIP levels, and they’ll build hype and a sense of frenzy into the trading,” West said. “There are definitely some psychological mechanisms at work to encourage people to invest more.”

“What’s so devastating about many of the victims is they lose that sense of who they are,” she continued. “They thought they were a savvy, sophisticated person, someone who’s sort of immune to scams. I think the large scale of the trickery and psychological manipulation being used here can’t be understated. It’s like nothing I’ve seen before.”

A $5,000,000 LOSS

Courtney Nolan, a divorced mother of three daughters, says she lost more than $5 million to a pig butchering scam. Nolan lives in St. Louis and has a background in investment finance, but only started investing in cryptocurrencies in the past year.

Nolan’s case may be especially bad because she was already interested in crypto investing when the scammer reached out. At the time, Bitcoin was trading at or near all-time highs of nearly $68,000 per coin.

Nolan said her nightmare began in late 2021 with a Twitter direct message from someone who was following many of the same cryptocurrency influencers she followed. Her fellow crypto enthusiast then suggested they continue their discussion on WhatsApp. After much back and forth about his trading strategies, her new friend agreed to mentor her on how to make reliable profits using the crypto trading platform xtb.com.

“I had dabbled in leveraged trading before, but his mentor program gave me over 100 pages of study materials and agreed to walk me through their investment strategies over the course of a year,” Nolan told KrebsOnSecurity.

Nolan’s mentor had her create an account website xtb-market[.]com, which was made to be confusingly similar to XTB’s official platform. The site promoted several different investment packages, including a “starter plan” that involves a $5,250 up-front investment and promises more than 15 percent return across four separate trading bursts.

Platinum plans on xtb-market promised a whopping 45 percent ROI, with a minimum investment of $265,000. The site also offered a generous seven percent commission for referrals, which encouraged new investors to recruit others.

The now-defunct xtb-market[.]com.

While chatting via WhatsApp, Nolan and her mentor would trade side by side in xtb-market, initially with small investments ranging from $500 to $5,000. When those generated hefty returns, Nolan made bigger deposits. On several occasions she was able to withdraw amounts ranging from $10,000 to $30,000.

But after investing more than $4.5 million of her own money over nearly four months, Nolan found her account was suddenly frozen. She was then issued a tax statement saying she owed nearly $500,000 in taxes before she could reactivate her account or access her funds.

Nolan said it seems obvious in hindsight that she should never have paid the tax bill. Because xtb-market and her mentor cut all communications with her after that, and the entire website disappeared just a few weeks later.

Justin Maile, an investigation partner manager at Chainalysis, told Vice News that the tax portion of the pig butchering scam relies on the “sunk costs fallacy,” when people are reluctant to abandon a failing strategy or course of action because they have already invested heavily in it.

“Once the victim starts getting skeptical or tries to withdraw their funds, they are often told that they have to pay tax on the gains before funds can be unlocked,” Maile told Vice News. “The scammers will try to get any last payments out of the victims by exploiting the sunk cost fallacy and dangling huge profits in front of them.”

Vice recently published an in-depth report on pig butchering’s link to organized crime gangs in Asia that lure young job seekers with the promise of customer service jobs in call centers. Instead, those who show up at the appointed place and time are taken on long car rides and/or forced hikes across the borders into Cambodia, where they are pressed into indentured servitude.

Vice found many of the people forced to work in pig-butchering scams are being held in Chinese-owned casinos operating in Cambodia. Many of those casinos were newly built when the Covid pandemic hit. As the new casinos and hotels sat empty, organized crime groups saw an opportunity to use these facilities to generate huge income streams, and many foreign travelers stranded in neighboring countries were eventually trafficked to these scam centers.

Vice reports:

“While figures on the number of people in scam centers in Cambodia is unknown, best estimates pieced together from various sources point to the tens of thousands across scam centers in Sihanoukville, Phnom Penh, and sites in border regions Poipet and Bavet. In April, Thailand’s assistant national police commissioner said 800 Thai citizens had been rescued from scam centers in Cambodia in recent months, with a further 1,000 citizens still trapped across the country. One Vietnamese worker estimated 300 of his compatriots were held on just one floor in a tall office block hosting scam operations.”

“…within Victory Paradise Resort alone there were 7,000 people, the majority from mainland China, but also Indonesians, Singaporeans and Filipinos. According to the Khmer Times, one 10-building complex of high-rises in Sihanoukville, known as The China Project, holds between 8,000 to 10,000 people participating in various scams—a workforce that would generate profits around the $1 billion mark each year at $300 per worker per day.”

THE KILLING FLOOR

REACTs’ West said while there are a large number of pig butchering victims reporting their victimization to the FBI, very few are receiving anything more than instructions about filing a complaint with the FBI’s Internet Crime Complaint Center (IC3), which keeps track of cybercrime losses and victims.

“There’s a huge gap in victims that are seeing any kind of service at all, where they’re reporting to the FBI but not being able to talk to anyone,” she said. “They’re filling out the IC3 form and never hearing back. It sort of feels like the federal government is ignoring this, so people are going to local agencies, which are sending these victims our way.”

For many younger victims of pig butchering, even losses of a few thousand dollars can be financially devastating. KrebsOnSecurity recently heard from two different readers who said they were in their 20s and lost more than $40,000 each when the investment platforms they were trading on vanished with their money.

The FBI can often bundle numerous IC3 complaints involving the same assailants and victims into a single case for federal prosecutors to pursue the guilty, and/or try to recapture what was stolen. In general, however, victims of crypto crimes rarely see that money again, or if they do it can take many years.

“The next piece is what can we actually do with these cases,” West said. “We used to frame success as getting bad people behind bars, but these cases leave us as law enforcement with not a lot of opportunity there.”

West said the good news is U.S. authorities are seeing some success in freezing cryptocurrency wallets suspected of being tied to large-scale cybercriminal operations. Indeed, Nolan told KrebsOnSecurity that her losses were substantial enough to warrant an official investigation by the FBI, which she says has since taken steps to freeze at least some of the assets tied to xtb-market[.]com.

Likewise, West said she was recently able to freeze cryptocurrency funds stolen from some pig butchering victims, and now REACT is focusing on helping state and local authorities learn how to do the same.

“It’s important to be able to mobilize quickly and know how to freeze and seize crypto and get it back to its rightful owner,” West said. “We definitely have made seizures in cases involving pig butchering, but we haven’t gotten that back to the rightful owners yet.”

In April, the FBI warned Internet users to be on guard against pig butchering scams, which it said attracts victims with “promises of romance and riches” before duping them out of their money. The IC3 said it received more than 4,300 complaints related to crypto-romance scams, resulting in losses of more than $429 million.

Here are some common elements of a pig butchering scam:

Dating apps: Pig-butchering attempts are common on dating apps, but they can begin with almost any type of communication, including SMS text messages.
WhatsApp: In virtually all documented cases of pig butchering, the target is moved fairly quickly into chatting with the scammer via WhatsApp.
No video: The scammers will come up with all kinds of excuses not to do a video call. But they will always refuse.
Investment chit-chat: Your contact (eventually) claims to have inside knowledge about the cryptocurrency market and can help you make money.

The FBI’s tips on avoiding crypto scams:

-Never send money, trade, or invest based on the advice of someone you have only met online.
-Don’t talk about your current financial status to unknown and untrusted people.
-Don’t provide your banking information, Social Security Number, copies of your identification or passport, or any other sensitive information to anyone online or to a site you do not know is legitimate.
-If an online investment or trading site is promoting unbelievable profits, it is most likely that—unbelievable.
-Be cautious of individuals who claim to have exclusive investment opportunities and urge you to act fast.

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