October 4, 2023

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Latest technological developments

Phishing scam uses PayPal to send malicious invoices to potential victims


Security scientists have found a phishing fraud that includes hackers using PayPal Holdings Inc. accounts to mail destructive invoices to opportunity victims.

In-depth today by researchers at Avanan, the fraud involves hackers sending destructive invoices from PayPal’s domain, working with a no cost PayPal account they have signed up for. The body of the email messages sent spoof manufacturers these as Norton to trick victims into imagining they have been genuine.

Resembling a very similar rip-off that employed pretend invoices sent from Quickbooks specific before this month, the PayPal invoices contain messages these kinds of as “thank you for getting Norton Safety Premium system, if you have not licensed this transaction, be sure to simply call us with your credit rating card aspects.”

Termed a “double spear” attack, the fraud can make the buyers simply call the number and, when it is called, the hackers check out to make the buyers shell out the bill, obtaining their credit card specifics in the approach.

The researchers warn that any person obtaining an invoice really should Google the amount and check accounts to see if there were being any fees. In a corporate environment, anybody getting an invoice is urged to ask the details technological know-how department about of the legitimacy of an email.

“The attack is a reminder of the genius and persistence of threat actors,” Mark Arnold, vice president of advisory providers at facts protection consulting firm Lares LLC, advised SiliconANGLE. “They keep on to build new methods on existing kinds to earnings from safety loopholes. Sellers and conclude buyers need to increase thanks diligence versus new ways exploiting a mix of reliable applications like e-mail, QuickBooks and PayPal. There are surely others that attackers are curating to exhaust this tactic just before the protection loophole is shut.”

Patrick Tiquet, vice president, safety and architecture at zero-know-how cybersecurity software corporation Keeper Stability Inc., pointed out that this is a quite difficult course of phishing attack to counter with the common technology-based mostly tools.

“Prevention of this form of attack actually will come down to training and recognition,” Tiquet explained. “Users should be produced mindful that this variety of assault exists and how to recognize it. This is the only way of protecting against this, shorter of filtering and examining all e-mails that surface to be an invoice.”

Picture: Avanan

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