A special type of hacker, also known as Malvertisers, has stepped up their attempts to exploit potential victims during this ongoing Covid-19 pandemic. Many businesses are being affected without even realizing how and many probably will never find out until many months later.
What’s Going On?
Cyber-attacks spread through infected or malicious ads surged as the lockdown orders came into force around the world back in March and hit a peak of more than double the baseline average on 28 March, according to research from AdSecure.
This ad-tech security firm reports that while malicious ads surged globally over the period between March 1 to April 15, 2020, the US was hit particularly hardest.
“As millions of people are now working from home, where online security isn’t as stringent compared to office cybersecurity systems, the pandemic has created a perfect storm for malvertisers,” according to AdSecure, which echos what Dytrix’s very own CEO Regina Lowrie has been saying for weeks now. “All these conditions have created the Perfect Cybersecurity Storm for many lenders and other businesses whose employees are currently working from home.”
The trending method for hackers to use is Scareware which makes up 83% of the threats logged over the recent weeks. Scareware is a hacker code that attempts to trick users into buying worthless services or software on the basis that their machines are riddled with non-existent threats – has been a favored choice of the cybercriminal over recent weeks. Malvertisers are using well-known company logos in attempts to trick users into clicking on the malicious ads which ultimately lead to scareware or other scams. The other attacks involved attempts to distribute either malware, adware (annoying pop-up generating software), or promote fake websites designed to harvest login credentials through phishing. Phishing attacks recently used fake Walmart offers in the US and Amazon offers in multiple countries to gain access to the victim’s computers.
How Do You Protect Your Business from these Hackers and Malvertisers?
- Come up with a Security Plan that your IT department approves
- Require all computers connecting to the company have Security Software installed
- Require password change every few months
- Verify your vendor/contacts information especially that the email address domain is correct
- Pick up the phone if you don’t trust the email it’s coming from
- Recommend to avoid downloading memes which can be riddled with malicious code
Others steps you can take to protect the Mortgage Lending Industry
The solution is very simple. Dytrix offers to help mitigate your counterparty risk management thus helping reduce your workload and responsibility. Our Plug and Play feature will integrate with the Loan Originating Software being used by lenders to give you 24 SLA access to all your vendors to verify and authenticate the wire information in seconds.