AI News, IT threat evolution Q1 2019

Report Reveals Phishing and Rogue Mobile Apps as Top Vectors of Fraud Attacks

Phishing schemes and rogue mobile applications continued to be heavily used by cybercriminals to defraud users and organizations in the first quarter of 2019, according to security firm RSA’s report which looked into 82,938 fraud attacks worldwide.

RSA’s findings on fraudsters’ sustained reliance on phishing and rogue mobile apps is congruent with feedback from the Trend Micro™ Smart Protection Network™ security infrastructure, which uses advanced data science techniques like machine learning (ML): It detected and blocked 4.4 million phishing attempts, i.e., access to phishing URLs by unique client IP address, and 12.5 million malicious apps in Q1 2019.

Phishing attacks remained steady, rogue mobile apps increased exponentially RSA observed that the volume of phishing attacks, which can come in the form of a socially engineered email, phone call, or smishing, experienced an increase of less than 1% from the last quarter of 2018.

The other types of fraud attacks observed include the use of trojan horse or stealthy malware installed under false pretenses and brand abuse or online content that abuses an organization’s brand to mislead users.

Researcher Discovers Serious Vulnerability in Paper Crypto Wallet Site

A security researcher from MyCrypto.com, Harry Denley, has posted a detailed – and damning – analysis of paper wallet site WalletGenerator.net.

Until August 17, 2018 the online code matched the open-source code and the entire project generated wallets using a client-side technique that took in real random entropy and produced a unique wallet.

However, using WalletGenerator.net at various times between May 18, 2019 — May 23, 2019, we would only get 120 unique keys per session.

“We’re still considering this highly suspect and still recommending users who generated public / private keypairs after August 17, 2018, to move their funds,”

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