#FactCheck - Viral Video Misleadingly Tied to Recent Taiwan Earthquake

Introduction

Meta is the leader in social media platforms and has been successful in having a widespread network of users and services across global cyberspace. The corporate house has been responsible for revolutionizing messaging and connectivity since 2004. The platform has brought people closer together in terms of connectivity, however, being one of the most popular platforms is an issue as well. Popular platforms are mostly used by cyber criminals to gain unauthorised data or create chatrooms to maintain anonymity and prevent tracking. These bad actors often operate under fake names or accounts so that they are not caught. The platforms like Facebook and Instagram have been often in the headlines as portals where cybercriminals were operating and committing crimes.

To keep the data of the netizen safe and secure Paytm under first of its kind service is offering customers protection against cyber fraud through an insurance policy available for fraudulent mobile transactions up to Rs 10,000 for a premium of Rs 30. The cover ‘Paytm Payment Protect’ is provided through a group insurance policy issued by HDFC Ergo. The company said that the plan is being offered to increase the trust in digital payments, which will push up adoption.

Meta’s Cybersecurity

Meta has one of the best cyber security in the world but that diest mean that it cannot be breached. The social media giant is the most vulnerable platform in cases of data breaches as various third parties are also involved. As seen the in the case of Cambridge Analytica, a huge chunk of user data was available to influence the users in terms of elections. Meta needs to be ahead of the curve to have a safe and secure platform, for this Meta has deployed various AI and ML driven crawlers and software which work o keeping the platform safe for its users and simultaneously figure out which accounts may be used by bad actors and further removes the criminal accounts. The same is also supported by the keen participation of the user in terms of the reporting mechanism. Meta-Cyber provides visibility of all OT activities, observes continuously the PLC and SCADA for changes and configuration, and checks the authorization and its levels. Meta is also running various penetration and bug bounty programs to reduce vulnerabilities in their systems and applications, these testers are paid heavily depending upon the scope of the vulnerability they found.

‍CyberRoot Risk Investigation

Social media giant Meta has taken down over 40 accounts operated by an Indian firm CyberRoot Risk Analysis, allegedly involved in hack-for-hire services along with this Meta has taken down 900 fraudulently run accounts, these accounts are said to be operated from China by an unknown entity. CyberRoot Risk Analysis was responsible for sharing malware over the platform and used it to impersonate themselves just as their targets, i.e lawyers, doctors, entrepreneurs, and industries like – cosmetic surgery, real estate, investment firms, pharmaceutical, private equity firms, and environmental and anti-corruption activists. They would get in touch with such personalities and then share malware hidden in files which would often lead to data breaches subsequently leading to different types of cybercrimes.

Meta and its team is working tirelessly to eradicate the influence of such bad actors from their platforms, use of AI and Ml based tools have increased exponentially.

‍Paytm CyberFraud Cover

Paytm is offering customers protection against cyber fraud through an insurance policy available for fraudulent mobile transactions up to Rs 10,000 for a premium of Rs 30. The cover ‘Paytm Payment Protect’ is provided through a group insurance policy issued by HDFC Ergo. The company said that the plan is being offered to increase the trust in digital payments, which will push up adoption. The insurance cover protects transactions made through UPI across all apps and wallets. The insurance coverage has been obtained by One97 Communications, which operates under the Paytm brand.

The exponential increase in the use of digital payments during the pandemic has made more people susceptible to cyber fraud. While UPI has all the digital safeguards in place, most UPI-related frauds are undertaken by confidence tricksters who get their victims to authorise a transaction by passing collect requests as payments. There are also many fraudsters collecting payments by pretending to be merchants. These types of frauds have resulted in a loss of more than Rs 63 crores in the previous financial year. The issue of data insurance is new to India but is indeed the need of the hour, majority of netizens are unaware of the value of their data and hence remain ignorant towards data protection, such steps will result in safer data management and protection mechanisms, thus safeguarding the Indian cyberspace.

Conclusion

cyberspace is at a critical juncture in terms of data protection and privacy, with new legislation coming out on the same we can expect new and stronger policies to prevent cybercrimes and cyber-attacks. The efforts by tech giants like Meta need to gain more speed in terms of the efficiency of cyber safety of the platform and the user to make sure that the future of the platforms remains secured strongly. The concept of data insurance needs to be shared with netizens to increase awareness about the subject. The initiative by Paytm will be a monumental initiative as this will encourage more platforms and banks to commit towards coverage for cyber crimes. With the increasing cases of cybercrimes, such financial coverage has come as a light of hope and security for the netizens.

Introduction

Cyberspace is the new and the fifth dimension of warfare as recognised by the UN. In recent times we have seen a significant rise in cyber attacks on nations’ strategic interests and critical infrastructure. The scope of cyberwarfare is increasing rapidly in contemporary times. Nations across the globe are struggling with this issue. The Ministry of Defence of the Government of India has been fundamental to take preventive measures towards all attacks on the Republic of India. The ministry is the junction for all three forces: Airforce, Navy and Army and creates coordination between the forces and deploys the force at strategic locations in terms of enemy threats.

The new OS

Governments across the world have developed various cyber security measures and mechanisms to keep data and information safe and secure. Similarly, the Indian Government has been very critical in deploying cybersecurity strategies, policies, measures, and bills to safeguard the Indian cyber-ecosystem.  The Ministry of Defence has recently made a transition in terms of the Operating System used in the daily functions of the ministry. Earlier, the ministry was using an OS from Microsoft, which has now been replaced with the indigenous OS named “Maya” based on open-source Ubuntu. This is the first time the ministry will be deploying indigenous operating software. This step comes at a time of global rise in cyber attacks, and the aspect of indigenous OS will prevent malware and spyware attacks.‍

What is Maya?

Users will not notice many differences while switching to Maya because it has a similar interface and functionality to Windows. The first instruction is to install Maya on all South Block PCs with Internet access before August 15.  In these systems, a Chakravyuh “endpoint detection and protection system” is also being installed. Maya isn’t yet installed on any computers connected to the networks of the three Services; instead, it is solely used in Defence Ministry systems. It had also been reviewed by the three Services and would shortly be adopted on service networks. The Army and Air Force were currently reviewing it after the Navy had already given its approval.

OS Maya was created by government development organisations in less than six months. An official from the ministry has informed that Maya would stop malware attacks and other cyberattacks, which have sharply increased. The nation has recently experienced a number of malware and extortion attacks, some of which targeted vital infrastructure. The Defence Ministry has made repeated attempts in the past to switch from Windows to an Indian operating system.

How will the new OS help?

The OS Maya is a critically developed OS and is expected to cater to the needs of all cybersecurity and safety issues of contemporary threats and vulnerabilities.

The following aspects need to be kept in mind in regard to safety and security issues:

• Better and improved security and safety
• Reduced chances of cyberattacks
• Promotion of Inidegenous talent and innovation
• Global standard OS
• Preventing and precautionary measures
• Safety by Design for overall resilience
• Improved Inter forces coordination
• Upskilling and capacity building for Serving personnel

Conclusion

Finally, the emergence of cyberspace as the fifth dimension of warfare has compelled countries all over the world to adopt a proactive stance, and India’s Ministry of Defence has made a significant move in this area. The significance of strengthened cybersecurity measures has been highlighted by the rising frequency and level of complexity of cyberattacks against key assets and vital infrastructure. The Ministry’s choice to use the local Maya operating system is a key step in protecting the country’s cyber-ecosystem. Maya’s debut represents a fundamental shift in the cybersecurity approach as well as a technology transition. This change not only improves the security and protection of confidential data but also demonstrates India’s dedication to supporting innovation and developing homegrown talent. Government development organisations have shown their commitment to solving the changing difficulties of the digital age by producing cutting-edge operating systems like Maya in a relatively short amount of time.

Introduction

Phishing as a Service (PhaaS) platform 'LabHost' has been a significant player in cybercrime targeting North American banks, particularly financial institutes in Canada. LabHost offers turnkey phishing kits, infrastructure for hosting pages, email content generation, and campaign overview services to cybercriminals in exchange for a monthly subscription. The platform's popularity surged after introducing custom phishing kits for Canadian banks in the first half of 2023.Fortra reports that LabHost has overtaken Frappo, cybercriminals' previous favorite PhaaS platform, and is now the primary driving force behind most phishing attacks targeting Canadian bank customers.

In the digital realm, where the barriers to entry for nefarious activities are crumbling, and the tools of the trade are being packaged and sold with the same customer service one might expect from a legitimate software company. This is the world of Phishing-as-a-Service (PhaaS), and at the forefront of this ominous trend is LabHost, a platform that has been instrumental in escalating attacks on North American banks, with a particular focus on Canadian financial institutions.

LabHost is not a newcomer to the cybercrime scene, but its ascent to infamy was catalyzed by the introduction of custom phishing kits tailored for Canadian banks in the first half of 2023. The platform operates on a subscription model, offering turnkey solutions that include phishing kits, infrastructure for hosting malicious pages, email content generation, and campaign overview services. For a monthly fee, cybercriminals are handed the keys to a kingdom of deception and theft.

Emergence of Labhost

The rise of LabHost has been meticulously chronicled by various cyber security firms which reports that LabHost has dethroned the previously favored PhaaS platform, Frappo. LabHost has become the primary driving force behind the majority of phishing attacks targeting customers of Canadian banks. Despite suffering a disruptive outage in early October 2023, LabHost has rebounded with vigor, orchestrating several hundreds of attacks per month.

Their investigation into LabHost's operations reveals a tiered membership system: Standard, Premium, and World, with monthly fees of $179, $249, and $300, respectively. Each tier offers an escalating scope of targets, from Canadian banks to 70 institutions worldwide, excluding North America. The phishing templates provided by LabHost are not limited to financial entities; they also encompass online services like Spotify, postal delivery services like DHL, and regional telecommunication service providers.

LabRat

The true ingenuity of LabHost lies in its integration with 'LabRat,' a real-time phishing management tool that enables cybercriminals to monitor and control an active phishing attack. This tool is a linchpin in man-in-the-middle style attacks, designed to capture two-factor authentication codes, validate credentials, and bypass additional security measures. In essence, LabRat is the puppeteer's strings, allowing the phisher to manipulate the attack with precision and evade the safeguards that are the bulwarks of our digital fortresses.

LabSend

In the aftermath of its October disruption, LabHost unveiled 'LabSend,' an SMS spamming tool that embeds links to LabHost phishing pages in text messages. This tool orchestrates a symphony of automated smishing campaigns, randomizing portions of text messages to slip past the vigilant eyes of spam detection systems. Once the SMS lure is cast, LabSend responds to victims with customizable message templates, a Machiavellian touch to an already insidious scheme.

The Proliferation of PhaaS

The proliferation of PhaaS platforms like LabHost, 'Greatness,' and 'RobinBanks' has democratized cybercrime, lowering the threshold for entry and enabling even the most unskilled hackers to launch sophisticated attacks. These platforms are the catalysts for an exponential increase in the pool of threat actors, thereby magnifying the impact of cybersecurity on a global scale.

The ease with which these services can be accessed and utilized belies the complexity and skill traditionally required to execute successful phishing campaigns. Stephanie Carruthers, who leads an IBM X-Force phishing research project, notes that crafting a single phishing email can consume upwards of 16 hours, not accounting for the time and resources needed to establish the infrastructure for sending the email and harvesting credentials.

PhaaS platforms like LabHost have commoditized this process, offering a buffet of malevolent tools that can be customized and deployed with a few clicks. The implications are stark: the security measures that businesses and individuals have come to rely on, such as multi-factor authentication (MFA), are no longer impenetrable. PhaaS platforms have engineered ways to circumvent these defenses, rendering them vulnerable to exploitation.

Emerging Cyber Defense

In the face of this escalating threat, a multi-faceted defense strategy is imperative. Cybersecurity solutions like SpamTitan employ advanced AI and machine learning to identify and block phishing threats, while end-user training platforms like SafeTitan provide ongoing education to help individuals recognize and respond to phishing attempts. However, with phishing kits now capable of bypassing MFA,it is clear that more robust solutions, such as phishing-resistant MFA based on FIDO/WebAuthn authentication or Public Key Infrastructure (PKI), are necessary to thwart these advanced attacks.

Conclusion

The emergence of PhaaS platforms represents a significant shift in the landscape of cybercrime, one that requires a vigilant and sophisticated response. As we navigate this treacherous terrain, it is incumbent upon us to fortify our defenses, educate our users, and remain ever-watchful of the evolving tactics of cyber adversaries.

References

• https://www-bleepingcomputer-com.cdn.ampproject.org/c/s/www.bleepingcomputer.com/news/security/labhost-cybercrime-service-lets-anyone-phish-canadian-bank-users/amp/
• https://www.techtimes.com/articles/302130/20240228/phishing-platform-labhost-allows-cybercriminals-target-banks-canada.htm
• https://www.spamtitan.com/blog/phishing-as-a-service-threat/
• https://timesofindia.indiatimes.com/gadgets-news/five-government-provided-botnet-and-malware-cleaning-tools/articleshow/107951686.cms

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