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FortiGuard’s Latest Report Reveals Shocking Cybersecurity Findings | IT News Africa

Simon Osuji by Simon Osuji
November 27, 2024
in Technology
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FortiGuard’s Latest Report Reveals Shocking Cybersecurity Findings | IT News Africa
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A recent report from FortiGuard Labs, Understanding Threat Actor Readiness for the Upcoming Holiday Season, reveals the advanced tactics attackers have been developing to exploit this year’s shopping frenzy.

This report’s key findings from the Darknet offer some practical advice to help shoppers and businesses stay secure this season.

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The Cyberthreat Landscape

The holiday season presents an irresistible opportunity for cybercriminals to capitalize on increased online transactions. Tools and services now available on the darknet empower attackers to target e-commerce platforms and unsuspecting shoppers more effectively than ever.

This year, threat actors are leveraging cutting-edge techniques, including AI-powered phishing lures, sophisticated website cloning tools, and remote code execution (RCE) exploits to gain unauthorized access to shopping platforms. AI-driven methods allow attackers to craft convincing emails and replicas of legitimate websites to steal data or trick users into disclosing sensitive information.

The report also highlights the growing use of deceptive holiday-themed domains that mimic trusted retailers to lure shoppers with enticing but fraudulent offers. Sniffing tools are another critical weapon that enables cybercriminals to intercept sensitive data like credit card details during online transactions.

Key highlights from the report include:

  • Shopping-themed phishing lures use generative AI

The report includes examples of cybercriminals using AI models like ChatGPT to craft convincing phishing emails, mimicking legitimate communications from retailers and banks. This increases the effectiveness of their scams, especially during peak shopping periods.

  • E-commerce threats abound this holiday season
Fake J. Crew shopping site

Threat actors are ramping up efforts to exploit online shopping trends. This year’s report notes that thousands of holiday-themed domains mimicking trusted brands like Amazon and Walmart are being registered to deceive consumers with fake offers and promotions. Popular platforms such as Adobe Commerce, Shopify, and WooCommerce are prime targets due to weak configurations and outdated plugins. Attackers are deploying sniffers to capture customer data and using RCE exploits to gain admin access to shopping platforms.

The FortiGuard Labs team has observed a surge in the sale of stolen gift cards, credit card data, and compromised e-commerce site databases. Phishing kits enabling attackers to set up advanced phishing operations, including services, are being sold for between $100 and $1,000, depending on complexity and customizations. Other services, such as sniffing and custom brute-force tools, are also readily available, enabling even low-skilled attackers to exploit vulnerabilities.

  • Rising risks for businesses

Businesses are equally vulnerable, facing significant risks from phishing scams to the theft of financial information through fake websites. Compromised admin panels, unpatched software, and weak credentials can lead to data breaches, fraudulent transactions, and damaged reputations.

Collection of threats to shopping websites

The holiday season should be a time of joy and celebration, not risk and vulnerability. However, for this to happen, businesses must take a proactive stance on cybersecurity, while consumers must stay informed and cautious about the threats lurking online.

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