social engineered attacks

Targeted phishing takes aim at Acronis – and loses

Phishing attacks, which involve criminals posing as legitimate contacts use emails and instant messaging to trick victims into providing valuable information like login credentials and banking or credit card details, is a major challenge for organizations ... and it’s on the rise.

The Anti-Phishing Working Group’s (APWG) Phishing Activity Trends Report for Q1 2020 notes that phishing attacks rose to the highest level since 2016, with more than 60,000 phishing sites being reported in March alone.

As a member of APWG, Acronis can confirm that we’ve seen an uptick as well and Acronis employees of all levels receive well-crafted phishing emails every day. Let’s look at one recent example that targeted one of our c-level executives. 

Phishers are back in the news, but they never really went away

The recent embarrassing hack of Twitter that led to the compromise of some very famous accounts (Bill Gates, Elon Musk, Barack Obama, et. al.) for use in a bitcoin-stealing scam grabbed global headlines for a few days. The story started winding down with the arrests of three young men in the UK and Florida. 

Twitter should feel lucky today that the thieves only set their sights on a small payday (netting less than $120K before they got caught) rather than broadcasting false headlines that might have shaken global financial markets. It’s a useful reminder that phishing remains among the most popular and successful attack vectors for a variety of cybercrimes, accounting for some 30% of all breaches.