The Latest Trends In Email Threats

Uploaded on 2023-10-24 in NEWS-Cybersecurity News, FREE TO VIEW, BUSINESS-Services-IT & Telecoms

Threat actors are increasingly hiding malicious links in Google Drive and other cloud storge spaces. Examples include PDF files as a malspam delivery tool have more than quadrupled since Q1 this year, and callback phishing and user-friendly Redline malware is also on the rise.

Now, leadning cyber security company, VIPRE Security, has released its Q3 Email Threat Trends Report 2023.

Analysing nearly two billion emails, the report finds that cyber criminals are adapting their methods to reflect changing consumer habits, alongside exploiting evolving technology to evade detection.

Key highlights of the report include:

233.9 million malicious emails detected in Q3 2023.

110 million emails attributed to malicious content, 118 million to malicious attachments.

150,000 emails displayed previously unknown behaviours.

Threat actors favour link-based delivery (58%) over attachments (42%).

Combined heuristic approaches detected roughly ten times more spam instances than a similar signature-based detection approach

Clearly, email threats remain a big source of trouble in the side of cybersecurity teams. The 150,000 emails containing newly created exploits represent a significant shift in the landscape.

Cyber criminals are also changing their delivery methods to reflect changing consumer habits. As cloud storage services have grown in popularity, so have they developed as a malspam delivery method, accounting for 67% of all malspam delivery methods in Q3 2023. Legitimate, compromised websites made up the remaining 33%.

Leveraging combined heuristics, VIPRE identified over one million spam incidents across two distinct subsets: legacy heuristic rules caught 810,000, while new heuristic rules reeled in more than 72,000. To put this into perspective, traditional, signature-based approaches identified 150,000 overall.

These numbers represent a shift in the email security landscape as older defensive technologies struggle to keep pace with phishing-as-a-service offerings and an onslaught of novel malware models.

“Cybercriminals are extremely capable, informed, and effective; we mustn’t underestimate them... However, by exposing cyber criminal attack methods and trends, through this report we aim to empower organisations to combat those who seek to do them harm.” said Usman Choudhary, Chief Product & Technology Officer at VIPRE.

The report also reveals how cyber criminals are increasingly utilising AI tools to make their emails more believable. Only recently, many, if not most, spoof emails were betrayed by poor grammar, spelling mistakes, or strange formatting. Today, Generative AI tools such as ChatGPT have made this detection method largely obsolete; at the click of a button, cyber criminals can produce literate, well-formatted emails that few could distinguish from legitimate communications.

ChatGPT continues to improve phishers’ ability to dupe, and LinkedIn Slink is an unforeseen malicious work-around.

Image: Brett Jordan

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