In a meticulous research endeavor, Security Explorations, a division of AG Security Research, embarked on an exhaustive analysis of Micr...
So, how do attackers collect information about their targets? Cybercriminals can employ five types of intelligence to obtain and analyze information about their targets. They are:
OSINT is a hacking technique used to gather and evaluate publicly available information about organizations and their employees.
OSINT technologies can help threat actors learn about their target's IT and security infrastructure, exploitable assets including open ports and email addresses, IP addresses, vulnerabilities in websites, servers, and IoT (Internet of Things) devices, leaked or stolen passwords, and more. Attackers use this information to conduct social engineering assaults.
Although SOCMINT is a subset of OSINT, it is worth mentioning. Most people freely provide personal and professional information about themselves on major social networking sites, including their headshot, interests and hobbies, family, friends, and connections, where they live and work, current job positions, and a variety of other characteristics.
Attackers can use SOCINT software like Social Analyzer, Whatsmyname, and NameCheckup.com to filter social media activity and information about individuals to create tailored social engineering frauds.
Assume you download a free chess app for your phone. A tiny section of the app displays location-based adverts from sponsors and event organizers, informing users about local players, events, and chess meetups.
When this ad is displayed, the app sends certain information about the user to the advertising exchange service, such as IP addresses, the operating system in use (iOS or Android), the name of the mobile phone carrier, the user's screen resolution, GPS coordinates, etc.
Ad exchanges typically keep and process this information to serve appropriate adverts depending on user interests, behavior, and geography. Ad exchanges also sell this vital information.
The Dark Web is a billion-dollar illegal marketplace that trades corporate espionage services, DIY ransomware kits, drugs and weapons, human trafficking, and so on. The Dark Web sells billions of stolen records, including personally identifiable information, healthcare records, financial and transaction data, corporate data, and compromised credentials.
Threat actors can buy off-the-shelf data and use it for social engineering campaigns. They can even hire professionals to socially engineer people on their behalf or identify hidden vulnerabilities in target businesses. In addition, there are hidden internet forums and instant messaging services (such as Telegram) where people can learn more about possible targets.
In addition to the five basic disciplines, some analysts refer to AI as the sixth intelligence discipline. With recent breakthroughs in generative AI technologies, such as Google Gemini and ChatGPT, it's easy to envisage fraudsters using AI tools to collect, ingest, process, and filter information about their targets.
Threat researchers have already reported the appearance of dangerous AI-based tools on Dark Web forums such as FraudGPT and WormGPT. Such technologies can greatly reduce social engineers' research time while also providing actionable information to help them carry out social engineering projects.
All social engineering assaults are rooted in information and its negligent treatment. Businesses and employees who can limit their information exposure will significantly lessen their vulnerability to social engineering attacks. Here's how.
Monthly training: Use phishing simulators and classroom training to teach employees not to disclose sensitive or personal information about themselves, their families, coworkers, or the organization.
Draft AI-use policies: Make it plain to employees what constitutes acceptable and unacceptable online activity. For example, it is unacceptable to prompt ChatGPT with a line of code or private data, as well as to respond to strange or questionable queries without sufficient verification.
Utilize the same tools that hackers use: Use the same intelligence sources mentioned above to proactively determine how much information about your firm, its people, and its infrastructure is available online. Create a continuous procedure to decrease this exposure.
Good cybersecurity hygiene begins with addressing the fundamental issues. Social engineering and poor decision-making are to blame for 80% to 90% of all cyberattacks. Organizations must prioritize two objectives: limiting information exposure and managing human behavior through training exercises and education. Organizations can dramatically lower their threat exposure and its possible downstream impact by focusing on these two areas.
In a recent cybercrime incident, a 52-year-old businessman from Bengaluru fell victim to a stock market scam, losing a staggering Rs 5.2 crore. The victim, referred to as Sharath for anonymity, reported the incident to the cybercrime police on April 8. According to his account, the ordeal began when he received a WhatsApp message on March 11 promoting stock market investments with promises of high returns. Despite refraining from clicking the accompanying link, Sharath found himself involuntarily added to a WhatsApp group named "Y-5 Ever Core Financial Leader," boasting around 160 members.
Subsequently, Sharath received numerous calls from unidentified numbers, urging him to download an application linked to the investment scheme. Initially resistant, Sharath eventually succumbed to the persuasion tactics employed by the fraudsters and downloaded the app. Under the guidance of the perpetrators, Sharath began purchasing stocks facilitated by multiple accounts provided by the fraudsters. Assured that his funds were being invested in the stock market, Sharath transferred a staggering Rs 5.2 crore to five designated accounts by April 2.
Despite his growing suspicions, Sharath's attempts to withdraw profits or reclaim some of his invested capital for further investments were thwarted by the fraudsters. It was only then that he realised he had fallen victim to a scam. In response to the complaint, authorities have initiated legal proceedings under the IT Act, with ongoing investigations. Efforts have been made to freeze the funds in the fraudsters' accounts in collaboration with bank officials, raising hopes for potential recovery of some of the lost money, as confirmed by a senior police official.
Senior Citizen Scammed: Woman Loses Rs 6 Lakh
In another distressing incident, a 61-year-old woman fell prey to cybercriminals impersonating Delhi police and Customs officials. Exploiting her fear, the fraudsters falsely accused her of drug smuggling and money laundering, coaxing her to transfer Rs 6.56 lakh. Manipulating her trust, they provided fake validation procedures, leading to her significant loss.
These incidents serve as stark reminders of the growing tactics of cybercrime and the importance of caution while engaging in online transactions. Authorities urge the public to exercise caution and scepticism when encountering unsolicited investment opportunities or suspicious requests for financial transactions. As investigations continue into these cases, efforts to combat cybercrime through deliberate security measures and real-time data sharing remain imperative to safeguard individuals and businesses from falling prey to such fraudulent schemes.