Report: Rise Of “Conversation-Hijacking” Phishing Attacks Threatens Businesses

Because the technique involves impersonating a trusted employee, the hacking method has the potential to be unusually effective.

There has been a significant increase in the number of hackers implementing “conversation-hijacking” attacks to trick employees into installing malware, transferring money or disclosing their passwords, according to a new report from Barracuda Networks.

The phishing technique involves a hacker infiltrating real email threads between company employees by taking over accounts with previously stolen login credentials, perhaps bought through the dark web, according to ZDNet. After getting into the email account, attackers will impersonate the worker and attempt to extract information from their colleagues.

In an analysis of 500,000 emails, Barracuda found that conversation hijacking increased by over 400 percent between July and November 2019. The attacks are still relatively rare compared to traditional phishing attacks, which typically involve emails asking employees to click a link that installs malware on their devices and allows the attacker to gain access to a network.

But cybersecurity experts are concerned about the attacks because of how effective the technique could potentially be on gaining access to financial accounts or other sensitive information. Hackers will spend time on reading through conversations, researching victims and impersonating the way they write, according to Olesia Klevchuk, senior product manager for email security at Barracuda.

“These attacks are highly personalized, including the content, and therefore a lot more effective,” Klevchuk told ZDNet. “They have the potential of a very large payout, especially when organizations are preparing to make a large payment, purchase or an acquisition.”

Workers are more likely to believe the impersonation than an email from a random address asking them to click a link, according to Klevchuk. But the attacks are also not impossible to spot.

Attackers usually don’t use the actual compromised account to send the phishing message because the actual user can see if an email has been sent from their account. Instead, the hacker will try to impersonate the employee’s email domain with a technique called “typo squatting” that changes one or two characters to trick recipients into thinking the email is the real deal.

This makes it crucial for recipients to check the email address and domain if they are suspicious that their colleague did not send an email demanding account information or payment. In addition, employees should reach out directly to the employee through another contact method -- in person, by phone or through another email -- to check if they sent the email, according to ZDNet.

About the Author

Haley Samsel is an Associate Content Editor for the Infrastructure Solutions Group at 1105 Media.

Featured

  • Maximizing Your Security Budget This Year

    Perimeter Security Standards for Multi-Site Businesses

    When you run or own a business that has multiple locations, it is important to set clear perimeter security standards. By doing this, it allows you to assess and mitigate any potential threats or risks at each site or location efficiently and effectively. Read Now

  • New Research Shows a Continuing Increase in Ransomware Victims

    GuidePoint Security recently announced the release of GuidePoint Research and Intelligence Team’s (GRIT) Q1 2024 Ransomware Report. In addition to revealing a nearly 20% year-over-year increase in the number of ransomware victims, the GRIT Q1 2024 Ransomware Report observes major shifts in the behavioral patterns of ransomware groups following law enforcement activity – including the continued targeting of previously “off-limits” organizations and industries, such as emergency hospitals. Read Now

  • OpenAI's GPT-4 Is Capable of Autonomously Exploiting Zero-Day Vulnerabilities

    According to a new study from four computer scientists at the University of Illinois Urbana-Champaign, OpenAI’s paid chatbot, GPT-4, is capable of autonomously exploiting zero-day vulnerabilities without any human assistance. Read Now

  • Getting in Someone’s Face

    There was a time, not so long ago, when the tradeshow industry must have thought COVID-19 might wipe out face-to-face meetings. It sure seemed that way about three years ago. Read Now

    • Industry Events
    • ISC West

Featured Cybersecurity

Webinars

New Products

  • Hanwha QNO-7012R

    Hanwha QNO-7012R

    The Q Series cameras are equipped with an Open Platform chipset for easy and seamless integration with third-party systems and solutions, and analog video output (CVBS) support for easy camera positioning during installation. A suite of on-board intelligent video analytics covers tampering, directional/virtual line detection, defocus detection, enter/exit, and motion detection. 3

  • EasyGate SPT and SPD

    EasyGate SPT SPD

    Security solutions do not have to be ordinary, let alone unattractive. Having renewed their best-selling speed gates, Cominfo has once again demonstrated their Art of Security philosophy in practice — and confirmed their position as an industry-leading manufacturers of premium speed gates and turnstiles. 3

  • Camden CM-221 Series Switches

    Camden CM-221 Series Switches

    Camden Door Controls is pleased to announce that, in response to soaring customer demand, it has expanded its range of ValueWave™ no-touch switches to include a narrow (slimline) version with manual override. This override button is designed to provide additional assurance that the request to exit switch will open a door, even if the no-touch sensor fails to operate. This new slimline switch also features a heavy gauge stainless steel faceplate, a red/green illuminated light ring, and is IP65 rated, making it ideal for indoor or outdoor use as part of an automatic door or access control system. ValueWave™ no-touch switches are designed for easy installation and trouble-free service in high traffic applications. In addition to this narrow version, the CM-221 & CM-222 Series switches are available in a range of other models with single and double gang heavy-gauge stainless steel faceplates and include illuminated light rings. 3