BrandPost: Keeping Up With the Botnets

It’s no secret that the global pandemic increased opportunities for threat actors and cybercriminals to target financial services. Throughout 2020, scammers used the economic tension caused by COVID-19 — the promise of financial assistance, the stress of financial hardship — to target people across the globe via phishing attacks.

Keeping up with the speed at which these attacks have been evolving adds another layer of complexity, especially now that phishing as a service is a turnkey business. For example, criminals — using a kit they’ve purchased on the dark web — even employ fake SMS messages from financial institutions to lure unsuspecting victims into sharing their login credentials. One such kit, Kr3pto, has been linked to 4,000+ SMS phishing campaigns, targeting the customers of major banks in the U.S. and U.K.

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