Warnings from Microsoft on COVID-19 Cyber-Scams

Warnings from Microsoft on COVID-19 Cyber-Scams

Published: 02-Jun-2020 | Published By: Market Research Store

Microsoft has cautioned about the new phishing scam that is taking place by using the keyword COVID-19 to steal the personal information.

Using a tweet the Microsoft Security Intelligence tried to convey that this new phishing campaign tries transferring the malware Lokibot – the first in the malware family to use the COVID-19 lures.

The scammers use the phishing technique, where an email from a reputed source is sent to trick the recipients to give some of their sensitive information such as username, password, or any other credit/debit card information.

Lawrence Abrams, owner of the BleepingComputer website, wrote about how Microsoft’s campaign displays how the cybercriminals are evolving their strategies to take advantage of the latest COVID-19 news. 

For instance, the emails have subject lines as “BUSINESS CONTINUITY PLAN ANNOUNCEMENT STARTING MAY 2020” and is pretended to be sent from the CDC community.

Abrams suggest that once the computer is infected with the malware Lokibot every login credentials saved is hacked and is sent to the hacker’s servers for latter retrieval.

Malwarebytes, the cybersecurity site has listed Lokibot as a huge spyware family, which basically hacks the banking information.

One of the cybersecurity company F-Secure has listed the malware under the data stealing category. It also suggests that the malware steals the sensitive data from the mail clients, remote connection programs, browsers, and file sharing programs. It also includes keylogger which can be used by malefactor.

Keyloggers are used for recording the computer user’s keystrokes for stealing the passwords and other sensitive data.

Microsoft is identifying these campaigns with the help of behavior-based machine learning detections.

Abrams wrote “Microsoft was able to detect the attack with the help of Microsoft Threat Protection's machine learning algorithms, with all customers running Microsoft Defender being automatically protected.” 

The Market Research Store has published the report on the global cybersecurity market which showcases that the target market will be in high demand in the coming years owing to increasing cyber-scams.