Canadian firms targeted with increasingly sophisticated phishing techniques

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A recent Proofpoint analysis found nearly 100 criminal cyber campaigns that targeted Canada between Jan. 1 and May 1 this year, in addition to thousands of other generic campaigns that reached Canada through the internet

One type of malware noted by Proofpoint was DanaBot, which has been used to send out Canada Post-themed lures.

David Masson, the Canada country manager for Darktrace – a cybersecurity firm – agrees that spoofing scams that hijack well-known brands are quite common internationally and Canada’s experience is similar. A database search done for The Canadian Press by the Canadian Anti-Fraud Centre suggests there’s been a rise in reports of suspected Canada Post-themed scams this year. It found 35 suspected frauds using Canada Post branding over 12 months ended May 1, including 26 in 2019.

“Every single one of us has our e-mail credentials tied up with all of these huge breaches that we hear about.” Once fraudsters have figured out a key person’s password, they can wreak havoc on a company by impersonating a supervisor and instructing a staff member to redirect the payroll or other payments to a different account.

 

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