Cybersecurity News Alert: Cybercrime already rising globally following the attack on Ukraine

Be on guard for a potential rise in fake emails with dangerous attachments

The Russian invasion of Ukraine will likely lead to a significant increase in global cybercrime.

A?potent new form of malware?has?already emerged?since the initial attack began last night. Companies and consumers in the U.S. should be?on alert for an increase in the number of phishing emails that contain dangerous malware.

We’ve seen the pattern before: in the past two years,?cybercrime goes up when high-profile news stories break. Phishing emails, ransomware, and financial scams targeting U.S. companies and individuals grew significantly?during COVID outbreaks, the creation of fiscal stimulus packages, and election controversies. There are already signs that?cybercrime linked to the conflict in Ukraine will spread globally.

• McAfee?says?phishing emails related to the Ukraine attack will be particularly effective.?Scammers can easily create?highly topical fake emails,?and payoffs are large because readers are aware and curious about the topic.
• ZDNet?says this week’s major attacks on the power grid, banking, and other Ukrainian infrastructure, are seen as?a “large-scale test” for use later against targets?around the world.
• Already a growing threat to companies,?ransomware is evolving quickly.?Today, British newspaper?The Guardian?says a?newly discovered type of ransomware?attacks firewalls, bypassing traditional methods of cyber protection. To distribute the new malware,?criminals use emails with compelling subject lines?designed to get recipients to?download and open attachments.
• ?MIT?says, because it’s?impossible to localize a cyber-attack,?the impact on Ukraine will quickly?grow across the globe.?In 2017, Russian malware called Petya and WannaCry, targeted at Ukraine, caused?$10 billion in damages in the US,?according to the?Department of Homeland Security,?making it the?most expensive cyberattack in history.
• Disinformation campaigns are ramping up.?Barron’s?reports social media posts in Eastern Europe showing?doctored photos and videos attributed to credible news sources,?along with a spike in anti-Western content, are growing.

What you should do

• Slow down when going through your emails and texts.?Be suspicious of emails that are urgent or compelling.
• Trust your gut.?Does a message seem odd, even if it's from someone you know well??Be suspicious.?
• Don’t open attachments unless?you?know the sender?and you’re?expecting the document.
• If you receive an email or text asking you to?provide or change personal information, send money, or log in to an account,?call the sender directly?using the phone number you have (not the one in the email) to confirm the message is genuine.?

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