FortiGuard Labs Reports Cyber Adversaries Are Exploiting the Global Pandemic at Enormous Scale

“The first six months of 2020 witnessed an unprecedented cyber threat landscape. The dramatic scale and rapid evolution of attack methods demonstrate the nimbleness of adversaries to quickly shift their strategies to maximize the current events centered around the COVID-19 pandemic across the globe,” says Derek Manky, Chief, Security Insights & Global Threat Alliances, FortiGuard Labs. There has never been a clearer picture than now, of why organizations need to adjust their defense strategies going forward to fully take into account the network perimeter extending into the home. It is critical for organizations to take measures to protect their remote workers and help them secure their devices and home networks for the long term. It is also wise to consider adopting the same strategy for cyber viruses that we are adopting in the real world. Cyber social distancing is all about recognizing risks and keeping our distance.”

Seizing the Opportunity in Global Events: Attackers have used subjects in the news as social engineering lures before, but this moved to the next level in the first half of 2020. From opportunistic phishers to scheming nation-state actors, cyber adversaries found multiple ways to exploit the global pandemic for their benefit at enormous scale. This included phishing and business email compromise schemes, nation-state-backed campaigns and ransomware attacks. They worked to maximize the global nature of a pandemic that affected everyone around the world combined with an immediately expanded digital attack surface. These trends were seen with other newsworthy items and demonstrate how quickly attackers can move to take advantage of major developments with broad social impact at a global level.

The Perimeter Gets More Personal: The increase in remote work created a dramatic inverse of corporate networks almost overnight, which cyber adversaries immediately started to leverage as an opportunity. In the first half of 2020, exploit attempts against several consumer-grade routers and IoT devices were at the top of the list for IPS detections. In addition, Mirai and Gh0st dominated the most prevalent botnet detections, driven by an apparent growing interest of attackers targeting old and new vulnerabilities in IoT products. These trends are noteworthy because it demonstrates how the network perimeter has extended to the home with cybercriminals seeking to gain a foothold in enterprise networks by exploiting devices that remote workers might use to connect to their organizations’ networks.

Browsers Are Targets Too: For attackers the shift to remote work was an unprecedented opportunity to target unsuspecting individuals in multiple ways. For example, web-based malware used in phishing campaigns and other scams outranked the more traditional email delivery vector earlier this year. In fact, a malware family that includes all variants of web-based phishing lures and scams ranked at the top for malware in January and February and only dropped out of the top five in June. This may demonstrate the attempt of cybercriminals to target their attacks when individuals are the most vulnerable and gullible—browsing the web at home. Web browsers, not just devices, are also prime targets for cybercriminals, perhaps more than usual, as cybercriminals continue to target remote workers.

Ransomware Not Running Away: Well-known threats such as ransomware have not diminished during the last six months. COVID-19-themed messages and attachments were used as lures in a number of different ransomware campaigns. Other ransomware was discovered rewriting the computer’s master boot record (MBR) before encrypting the data. In addition, there was an increase in ransomware incidents where adversaries not only locked a victim organization’s data but stole it as well and used the threat of widescale release as additional leverage to try and extort a ransom payment. The trend significantly heightens the risks of organizations losing invaluable information or other sensitive data in future ransomware attacks. Globally, no industry was spared from ransomware activity and data shows that the five most heavily targeted sectors for ransomware attacks are telco, MSSPs, education, government, and technology. Unfortunately, the rise of ransomware being sold as a service (RaaS) and the evolution of certain variants indicates that the situation with ransomware is not going away.

OT Threats After Stuxnet: June marked the 10th anniversary of Stuxnet, which was instrumental in the evolution of threats to, and security of, operational technology. Now, many years later, OT networks remain a target for cyber adversaries. The EKANS ransomware from earlier this year shows how adversaries continue to broaden the focus of ransomware attacks to include OT environments. Also, the Ramsay espionage framework, designed for the collection and exfiltration of sensitive files within air-gapped or highly restricted networks, is an example of threat actors looking for fresh ways to infiltrate these types of networks. The prevalence of threats targeting supervisory control and data acquisition (SCADA) systems and other types of industrial control systems (ICS) is less in volume than those affecting IT, but that does not diminish the importance of this trend.

Mapping Exploitation Trends: A review of the CVE List shows the number of published vulnerabilities added has risen over the last few years, sparking discussion over the prioritization of patching. Even though 2020 looks to be on pace to break the number of published vulnerabilities in a single year, vulnerabilities from this year also have the lowest rate of exploitation ever recorded in the 20-year history of the CVE List. Meanwhile, vulnerabilities from 2018 claimed the highest exploitation prevalence at 65%, and more than a quarter of organizations registered attempts to exploit 15-year-old CVEs. For cyber adversaries, exploit development at scale and distribution via legitimate and malicious hacking tools continues to take time.

The Urgency to Secure the Network Perimeter Extending Into the Home

With the increase in connectivity, devices, and ongoing need for remote work, the digital attack surface is expanding. With the corporate network perimeter extending to the home, attackers are looking for the weakest link and fresh attack opportunities. Organizations need to prepare by taking concrete steps to protect their users, devices and information in ways similar to the corporate network. Threat intelligence and research organizations can help by providing broad insight as the threat landscape evolves as well as in-depth analysis of attack methods, actors, and new tactics to help supplement the cyber knowledge of organizations. The need for secure teleworker solutions to enable secure access to critical resources while scaling to meet the demands of the entire workforce has never been greater. Only a cybersecurity platform designed to provide comprehensive visibility and protection across the entire digital attack surface–including networked, application, multi-cloud, or mobile environments–is able to secure today’s rapidly evolving networks.

Report Overview
This latest Global Threat Threat Landscape Report is a view representing the collective intelligence of FortiGuard Labs, drawn from Fortinet’s vast array of sensors collecting billions of threat events observed around the world during the first half of 2020. It covers global and regional perspectives as well as research into three central and complementary aspects of that landscape: exploits, malware, and botnets.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.