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Beyond the SEG / Microsoft + Tessian, Security Awareness Coaching, Integrated Cloud Email Security, Advanced Email Threats
Latest Microsoft Report Confirms Need for AI-Based Phishing Protection
by Bob Boyle Tuesday, May 30th, 2023
Nearly all forms of Business Email Compromise (BEC) attacks are on the rise, according to the fourth edition of Microsoft Threat Intelligence Cyber Signals published last week. In the latest Microsoft research for phishing protection, Microsoft Threat Intelligence Digital Crimes Unit (DCU) detected and investigated 35 million BEC attempts between April 2022 and April 2023, or 156,000 attacks every day. The FBI Internet Crime Report 2022 also found that BEC attacks were responsible for over $2.7 billion in losses last year alone. Microsoft saw an increase in both the sophistication of attacks and the tactics used by adversaries in BEC attacks. Cybercrime-as-a-Service organizations enable advanced phishing techniques at scale for bad actors, allowing them to easily circumvent traditional detection methods like “impossible travel” flags and malicious URL detection.  According to the Microsoft Threat Intelligence Cyber Signals report, BEC attacks stand apart in the cybercrime industry for their emphasis on social engineering and the art of deception. The report goes on to explain that, rather than targeting software vulnerabilities, BEC attacks exploit the daily sea of email traffic to lure victims into providing financial information or taking action which unknowingly helps criminals perform fraudulent money transfers. 
Key Findings by Microsoft Threat Intelligence Digital Crimes Unit from April 2022 to April 2023:   35 million annual BEC attempts detected and investigated  156,000 daily BEC attempts detected and investigated   417,678 unique phishing URL takedowns   38% increase in Cybercrime-as-a-Service targeting business email [2019 – 2022]   BEC threat actors increasingly purchase credentials and local IP addresses from end-to-end Cybercrime-as-a-Service (CaaS) providers to evade traditional detection methods Top Targets for BEC Attacks:   Executives & Senior Leadership   Finance Teams & Management   HR Staff with access to employee records (i.e. Social Security numbers, Payroll, and other PII)   New employees less likely to verify unfamiliar requests via email Top Trends for BEC Attacks in 2023 (January to April)   LURE attacks (Legacy URL Reputation Evasion)   Payroll/Invoice attacks   Gift Card Requests   Business Information Requests Defending Against BEC Attacks – Microsoft’s Recommendations The Microsoft Threat Intelligence Cyber Signals report discusses many best practices that organizations can implement in the fight against BEC, but their recommendations can really be boiled down into two key initiatives:     Enhancing existing defenses through AI-based phishing protection    Training employees to better spot BEC attacks in real-time
Microsoft + Tessian – Better Together Tessian’s Complete Cloud Email Security Platform is an ICES solution that defends against advanced email threats, protects your most sensitive data from being lost via email, helps security teams respond to email security incidents faster and more efficiently, all while coaching end-users to drive better security decisions in real time. Organizations leveraging Microsoft’s native email security capabilities along with Tessian find the most complete cloud-based AI-driven email security coverage for defending against BEC attacks.  Aligning with the recommendations in the most recent Microsoft Threat Intelligence Cyber Signals report, Tessian enhances Microsoft’s native email security capabilities by leveraging behavioral based AI detection for more effective prevention against social engineering attacks. Tessian also offers customizable, bespoke in-the-moment security coaching that encourages end-users to take a step back and consider the potential risks and costs associated with successful BEC attacks.  To learn more about how organizations are pairing Microsoft + Tessian for the most complete email security protection, download our Tessian + Microsoft 365 Solution Guide.  
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Product Updates, Advanced Email Threats
Unlock Email Security Visibility Within Splunk
by Seema Shah Thursday, May 11th, 2023
Security teams are deploying an increasing number of security tools to defend against the rapidly evolving threat landscape and protect against data loss. Each security tool generates granular insights into a business’s cyber risks, events and incidents. Security teams at large enterprises typically manage 64 security tools on average, which leads to high overhead and little room for active investigation. Even with a comprehensive security stack, teams face increased need to gain consolidated visibility and improve their business’s cyber security posture. It is no surprise that a third of security teams (33%) feel as though they are being drained of time because of administrative tasks and 70% of SOC teams feel emotionally overwhelmed.  Cybersecurity has become a boardroom issue and needs to be communicated effectively to stakeholders throughout the business. Security teams find themselves spending over half their time producing reports across a number of different security tools in an effort to paint an accurate picture of their cyber security controls and their contribution to risk reduction.  Drowning in data?  The true value of a well curated security stack is amplified through consolidation of data from separate applications focused on specific security problems to form a holistic picture of an organization’s investment in the protection of their core assets and customers’ data.  Today Tessian has released an native application for Splunk® Enterprise and Splunk Cloud customers which allows security teams to ingest data from the Tessian Cloud Email Security Platform into their Splunk instance, enabling them to gain further visibility of security events across multiple tools in one place. As a well-established leader in Security Information and Event Management (SIEM) Splunk empowers organizations to collect, analyze, and visualize data at scale.  When customers consolidate Tessian’s email security data with other solutions within Splunk Enterprise and Splunk Cloud, it enables the streamlining of processes and workflows and provides a more contextualized and complete risk profile of their environment, down to the employee level.  The Tessian Splunk integration allows security events and more to be ingested into Splunk Enterprise and Splunk Cloud, and facilitate the following crucial use cases: Advanced threat analysis for email based attacks  Email continues to be one of the most significant risks in any organization. In 2022 phishing and business email compromise cost an organization, on average, $4.9 million per year—ten times the cost of DDOS and ransomware attacks combined.  Customers can leverage Tessian event data within Splunk Enterprise and Splunk Cloud to correlate email-based threats with other security events across an organization. Splunk collects and analyzes data from any source set up by the security teams, including network traffic, system logs, and endpoint security solutions, to create a comprehensive view of security threats. This holistic approach enables security teams to identify patterns and trends in cyber-attacks and potential risks for data loss, which can help to prevent future incidents and will accelerate diagnostics of the extent of any attack.
Unified and Customizable Reporting  The ability to efficiently monitor, analyze and correlate every data point associated with a security event in one place is instrumental to enabling security teams to take a more proactive approach to tackling the issue of advanced threats and data loss on email. A unified view of cyber risk driven by clear reporting not only saves a security teams’ time but also improves cyber risk management.  The customizable dashboard building experience of the Splunk platform provides visibility into email security events, enabling security teams to quickly identify and analyze threats, whilst factoring in insights from other security tools. The dashboards and data views can be customized to meet specific business needs such as team, business or compliance KPIs, drive boardroom conversations and tactical decision making. Tessian customers have used the Splunk platform to triage email security events, prioritizing key actions for team members to efficiently and effectively manage their operations.  Ultimately, the Tessian Splunk Integration allows security teams to:  Gain a unified view of email security data within the context of data from many different security tools to provide holistic picture of threats to the business Save security teams hours on manual reporting, giving them time to focus on actions and investigations  Mature the reporting process with customized dashboards for risk committees, insider threat programs and executive teams  Build Tessian data into security operations workflows, automating threat team notifications, incident reviews and user follow ups By combining the Tessian Cloud Email Security Platform which protects against advanced threats and data loss on email, with Splunk software’s analysis and automation capabilities, security teams can significantly raise the efficiency of their threat and risk management processes.
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Beyond the SEG / Microsoft + Tessian, Advanced Email Threats
Tessian in Action: This Attack Got Through a SEG and M365, but Not Tessian.
by Tessian Threat Engineering Group Tuesday, March 28th, 2023
Cyber attacks are getting more sophisticated and more targeted. In this Tessian in Action update we explore how an attack got through legacy security solutions, but not Tessian.  Legacy security solutions just aren’t able to combat advanced threats over email the way that Integrated Cloud Email Solutions can. At Tessian, we’re seeing more and more attacks bypass traditional secure email gateways only to be stopped by our platform. The attack below sailed right through the client’s SEG and their Microsoft 365 defenses, only to be flagged by Tessian. The client, a medical firm, handles highly sensitive data and personal identifiable information. Fines from PII data breaches can be huge. In February 2023 Arizona-based Banner Health was fined $1,250,000 following a 2016 breach.
The target of the attack The attackers had clearly done their research, as this attack was specifically targeted at the client’s Chief Legal Officer, and one other senior member of the legal team. They were both targeted with a malicious URL sent from a look alike domain. The timing of the attack was 12-1 UTC, which was in the morning of the client’s location, perhaps in an attempt to catch them early and be top of their inbox.  Stopped dead in its tracks This attack was able to get past the client’s SEG and MS365 but Tessian flagged it as an impersonation attack. Tessian also identified the URL as malicious, and the fact it was a first time sender. Tessian’s Behavioral Intelligence models detected additional anomalies increasing our confidence score to 100/100. Consequently, this email never reached either of the recipients. The security team at the organization are well aware that attacks against their exec team can have devastating consequences. In fact, the security team that highlighted this attack to Tessian are highly active with the Tessian portal, and so quarantined it themselves, but had they not, Tessian Defender would have hard-quarantined this email or displayed a warning message to end users, coaching them and raising their security awareness ‘in the moment’.  It’s situations exactly like this that more and more firms are facing. Tessian was built exactly to stop these kinds of highly targeted attacks that slip by existing and legacy solutions. If you’d like to see how Tessian can better protect your organization, find out more with our Microsoft + Tessian Solutions Guide.
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Advanced Email Threats
Tessian in Action: Phishing Attack Sends Credentials to Telegram
by Tessian Threat Engineering Group Monday, March 27th, 2023
Contributors : Catalin Giana & Razvan Olteanu In this example of Tessian in Action members of our Threat Intel Team saw this Microsoft credential attack target several of Tessian’s customers. There are four interesting things to note in this attack.  There was a zipped set of password instructions attached Within that was HTML that hid obfuscated Javascript which forwarded to a credential harvesting site The attack had a custom sender name for each individual attack Any successfully captured credentials were forwarded to Telegram. Here’s how the attack sequence worked. The email came as a Microsoft impersonating campaign with a zip file attached containing password instructions. Much like a sealed present, the hope was that the user would unpack the zip file to see what was in it, believing it to be legitimate.  
The copy in the email backs this up by specifically asking the user to unzip and follow the instructions within. There’s also an implied sense of urgency about the account expiring in the next 24 hours, which is further encouragement for the user to act.  It’s worth noting the ‘in the moment’ warning provided by Tessian at the top of the email here. Tessian adds custom warnings like this to Outlook (it looks a little different for gmail) to provide ‘in-the-moment’ security awareness for end users. Depending on how you have Tessian configured, and what our confidence score of threats are, we can either hard quarantine (as we did in this case) or add a warning and release to the user. You can see more on how Tessian protects against threats like these here. Upon downloading and unzipping the archive the team found malicious HTML. When executed it shows that it loads something from Microsoft Sharepoint which finally redirects to a Microsoft login phishing page.
Adding user credentials causes a script to execute which then queries ipinfo.io, to determine the IP address. It then attempts to pass the response along with the password entered directly to a telegram group using Telegram’s api.
Let’s look now at that HTML in detail.  Original form: The html contains multiple chunks of base64-encoded Javascript that needs decoding manually and concatenating in order to find the original script. Doing that reveals a new obfuscated Javascript that is hex-encoded and has appended some base64 code at the end.
After removing the hex code character and adding all the other base64 encoded chunks the original script looks like this.
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Beyond the SEG / Microsoft + Tessian, Threat Stories, Advanced Email Threats
Tessian in Action: Microsoft Credential Scraping Attempt
by Tessian Threat Engineering Group Monday, March 20th, 2023
Recently Tessian’s Threat Engineering Group identified an emerging threat detected by Tessian Defender targeting around 45 of our customers. The campaign was an email credential harvesting attack and was not detected by Microsoft Exchange Online Protection (EOP) when the attack began.  Anatomy of the attack The attack email was able to bypass legacy security solutions, like secure email gateways, as well as Microsoft 365. Let’s explore some of the reasons why it was able to do that: Firstly, the email was ‘sent’ by Amazon Simple Email Service (SES), which is a common tool leveraged by attackers to send automated attacks. However, the display name impersonated the company being targeted, no doubt attempting to add legitimacy, • The display name was actually dynamically generated, taking the first three letters of the recipient address and pretending to be the company name. • This is done to avoid basic aggregation and detection methods by secure email gateways and native security controls of email providers. • Looking at the subject of the email, it’s fairly innocuous, and again a rule in a SEG to flag the word ‘payment’ would trigger hundreds of false positives. • Finally, the body of the email itself is benign, simply stating “Please consider the environment before printing this email”. If anything, the attack attempt is a little too spartan in content, which might have raised suspicions in the user that received it.
Let’s now look at the HTM attachment, which contains JavaScript, which is encoded (below)
And when decoded twice it looks like this. Note that some of the content is still encoded.
All this encoding and obfuscation is attempting to hide the fact that the script redirects the user to a credential harvesting form. The form is hosted on a domain registered one day before the first phishing email was seen on the Tessian network. What’s more, to add legitimacy, the customer’s logo is hosted at the top of the form. Remember, this attack went to several organizations, so the logo must be dynamic. It’s therefore likely that it was scraped by the attacker using automated tooling. The user the “username” field is already pre-populated with the recipient’s email address. Again, adding legitimacy and lower the amount of effort for the recipient to share their password. Finally, when the password is entered, it is posted to a PHP script hosted on the same domain.
How did Tessian Defender detect this threat? So how did Tessian Defender stop this threat when SEGs and Microsoft 365 didn’t? Well, as well as detecting unusual file characteristics, Tessian’s Behavioural Intelligence models detected additional anomalies increasing our confidence score to 100/100. They are as follows:   The recipient company name was used in the display name.  The recipient has no historical relationship with the sender. Multiple emails were sent to each customer in a short period of time, to unconnected employees, this is known as a bust attack.  Tessian’s Natural Language Processing (NLP) models classified the email as being payments-related Depending on the specific customer configuration, Tessian Defender either hard-quarantined this email or displayed the following warning message to end users, coaching them and raising their security awareness
Indicators of Compromise (IOCs) Tessian Threat Engineering Group reacted to add the below IOCs to the Tessian Unified Threat Interface. We recommend readers do the same Sender Address: jorgezamora@powderiverdev[.]com Credential Harvesting Site Domain: https://emdghouseltd4[.]pro
Contributors: Ed Bishop and Catalin Giana.
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Attack Types, Threat Stories, Advanced Email Threats
Dozens of SVB and HSBC-themed URLs Registered
by Tessian Threat Engineering Group Wednesday, March 15th, 2023
As we explored 48 hours ago, the recent turbulence in the banking sector provided a potential opportunity for threat actors to launch attacks. So it comes as no surprise that we’re starting to see domains spun up for just such purposes. Tessian’s Threat Intel Team have been monitoring the situation as it unfolds, and found that multiple domains featuring both SVB and HSBC were registered. Malicious domains are being added to Tessian’s Unified Threat Feed to proactively protect our customers from future phishing attacks. What is interesting about this is that some are for legitimate, if a little unorthodox, activities like driving traffic, marketing and selling merchandise. It’s in this ‘fog of war’ that bad actors like to hide, and clearly some have been registered with attacks in mind. So let’s look at those first.  Siiiconvalleybank[.]com and siliconvalleybonk[.]com have clearly been set up to launch impersonation attacks, hoping people don’t notice those typos in the URLS. Other examples include myaccount-hsbc[.]com and thesiliconvalleybank[.]com. Meanwhile Svb-usdc[.]com and svb-usdc[.]net are both already set up to launch phishing attacks.
Google is already blocking these and alerts any visitors to that effect. Exploring beyond that warning reveals a ‘lookalike’ site offering a reward program and clicking ‘claim’ opens a QR code.
Fake URLs to drive traffic Some of the newly registered URLs are also being used to drive traffic. hsbcinvestdirect.co[.]in uses HSBC brand in order to gain more traffic for an Indian-based website with adult content. Meanwhile SVBlogin[.]com loads up All Day Capital Partners website offering to ‘help’ SVB customers. Many of the others are cybersquatting, no doubt hoping to sell on, while others registered but don’t contain any content or redirect, as if waiting to see how things pan out. Perhaps one of the oddest is svbbankrun2023[.]com, which hosts a merchandise shop selling SVB-themed items.  
Tessian Recommends: The following list should be used as a blocklist at your own risk, but we advise adding the newly registered domains on a watchlist for monitoring purposes. Here’s a full list of SVB and HSBC URLs we’ve documented so far.    Hsbcsvb[.]com Siiiconvalleybank[.]com Login-svb[.]com Svbankcollapseclaimants[.]com Svbankcollapselawsuit[.]com Svblawsuits[.]com Hsbcinvestdirect.co[.]in Svbanklegal[.]com Svbankcollapse[.]com Svbankcollapseclaims[.]com siliconvalleybankfilm[.]com siliconvalleybankcrash[.]com siliconvalleybankcollaps[.]com siliconvalleybankcolapse[.]com siliconvalleyfederalbank[.]us silliconvalley[.]ink siliconvalleyfederalbank[.]net siliconvalleybank-usdc[.]com siliconvalleybonk[.]com ziliconvalley[.]sk siliconvalleybankcustomerservice[.]com siliconvalleybankhelp[.]com siliconvalleyentrepreneursbank[.]com siliconvalleybankcreditors[.]com siliconvalleyentrepreneurbank[.]com siliconvalleybankclasaction[.]com wwwsiliconvalleybankclassaction[.]com siliconvalleybankfailures[.]com siliconvalleybanksettlement[.]com siliconvalleybank[.]xyz siliconvalleybank[.]lol siliconvalleyfederalbank[.]biz siliconvalleyfederalbank[.]lol siliconvalleybankmovie[.]com siliconvalleybank[.]biz siliconvalleybn[.]com siliconvalleybanklawsuit[.]com siliconvalleybankclassaction[.]com siliconvalleybankreceivershipcertificate[.]com siliconvalleybankcollapse[.]com siliconvalleybust[.]com svbbankrun2023[.]com svbalternative[.]com svbankclassaction[.]com svbanklawsuit[.]com svb-cash[.]com svbfdic[.]com svbwiki[.]com svbcollapseexplained[.]com banksvb[.]com svbdeposit.fyi svbcollapse[.]net svbbailout[.]org fucksvb[.]com svbcoin[.]xyz svbchain[.]xyz svb-usdc[.]com svb-usdc[.]net svbfailure[.]com svbopenletter[.]com svbplaintiffs[.]com svbinfo[.]com svbbankrun[.]com svbrecovery[.]com svbmeltdown[.]fyi wefundsvbclients[.]com svbreceivership[.]com svblogin[.]com svbcollapse[.]com svbclaim[.]com svbdebt[.]com svbclaims[.]net svbbailout[.]com svbi[.]io svbank[.]com hsbcbdubai[.]com hsbc079[.]com hsbc757[.]com Hsbc736[.]com hsbc119[.]com hsbc719[.]com hsbc938[.]com Hsbc891[.]com Hsbc-premium[.]com Hsbckyc[.]com Hsbclogin[.]co Myaccount-hsbc[.]com Thesiliconvalleybank[.]com 1svb[.]com Circle-svb[.]com Svb2023[.]com Svbgate[.]com Svbtoken[.]com Svbnfts[.]com whatissvb[.]com
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Attack Types, Threat Stories, Advanced Email Threats
The Current SVB Banking Crisis Will Increase Cyberattacks, Here’s How to Prepare
by Tessian Threat Engineering Group Monday, March 13th, 2023
The recent banking turmoil involving Silicon Valley Bank and Signature Bank sent shockwaves through technology firms globally as they scrambled to transfer their capital, secure payroll, and pay their bills. However, this mass changeover in banking details is exactly the situation that breeds targeted cyberattacks. Although the swift intervention of The Federal Reserve, The Bank of England, HSBC and others helped calm the liquidity crisis, a cyber threat crisis is likely now brewing as threat actors spin up a host of impersonation attacks and campaigns. The Tessian Threat Intel Team has already seen dozens of SVB and HSBC-themed URLs registered, some of which are used to launch phishing campaigns. 
Money, distraction, urgency Bad actors are driven by money. And there is a lot of money at play with this crisis. The streaming firm Roku indicated it has about $487 million in deposits at SVB. They are likely making changes now to diversify where they deposit this money and, accordingly, updating wiring instructions to reflect these new banking relationships. In their Q4 Risk Insights index, Corvus Insurance indicated 28% of all claims in Q4 2022 were due to fraudulent funds transfers. Threat actors relish the confusion and rapid changes that come with a crisis like this. The sheer number of updates to wiring instructions increases the chances that standard operating procedures around changing wiring instructions are ignored. Common operating procedures around changing wiring instructions might include (a) verifying the authenticity of each request by calling the person (using a known, existing phone number, not one provided in a new email) (b) implementing a call-back verification system for each vendor when any wiring instructions are changed, and (c) implementing dual control and multiple “eyes” on every wire change request. Tessian is already seeing genuine email traffic related to changing wiring instructions and expects to see advanced attacks leveraging this crisis soon. Finally, the scale of this crisis is huge and information about it is widespread. There are a large number of affected entities – Reuters published a list detailing not only the firms affected but their financial exposure – ensuring a target rich environment for the bad guys.
Fraudulent (and genuine) wire transfers The top 2 common attack vectors with fraudulent funds transfers are (1) impersonation attacks and (2) targeted phishing attacks. In an impersonation attack, the bad actor impersonates someone or some company that is known to the organization. They will typically do this by registering a new domain name that is largely similar to the targeted company’s domain. Tessian stopping a lookalike threat
In this example, the attacker registered a new domain name (salesciricle-receivables.com) which looks similar to salescircle.com. They are reaching out to the finance department at Acme to request a change in bank accounts for future payments. Sophisticated attackers will conduct research using publicly available information (10-K annual reports, LinkedIn blog posts, LinkedIn connections to the CFO or Accounts payable personnel, and any website mentions) to build a convincing approach.  A targeted phishing attack would use similar impersonation methods while attempting to gain access – either electronically with a username and password or via socially engineered approach – to implement a fraudulent funds transfer. In the below example, the attacker is impersonating a known, trusted domain and attempting to gain access to an accounts payable employee.  Tessian stopping a potential phishing email
Recommended next steps Tessian’s Threat Engineering teams are monitoring our datasets closely for emergent threat signals and updating Tessian’s Global Threat Library and Behavioral Intelligence Model in response. Our existing Defender customers will automatically benefit from this protection. In addition, we are recommending the following steps to further protect our existing customers: Deployment hygiene: review your deployment coverage to ensure Defender’s protection is configured to apply to all mailboxes on all devices. Schedule a deployment health-check.  Enable warnings for money requests: for additional protection, Defender Customers can leverage Defender’s Custom Protection to detect and warn users when an email “requests money”.  Reinforce approval processes: work with your finance teams to revise and review your payment approval workflows, and consider adding an additional internal verification layer to account for the increased risk 
How Tessian stops wire fraud attacks Built ready: The SVB crisis and other events like this are exactly the sort of thing Tessian was built to handle. Tessian covers fraudulent fund transfer attacks and other scenarios that are difficult to detect and that are often missed by legacy email security tools. Tessian is built to detect and prevent any variations of wire fraud attacks. Tessian stops wire fraud attacks
Spotting imposters: Tessian catches thread hijacking attempts by looking for subtle indications of domain spoofing and small changes in behavior that suggest the sender isn’t who they say they are.  Custom protection: All Tessian customers have access to an additional layer of protection that allows them to educate users at the point of receiving a suspicious email including those involving fraudulent funds transfers. Defender’s Custom Protection gives organizations an additional layer of security by alerting users when an email triggers specified conditions. This provides further fine tuning around threats specific to your organization or specific groups within your organization. how to Configure defender
Proactive defense: As this situation evolves, Tessian’s Threat Engineering Team are closely monitoring incoming emails for new phishing tactics and upward trends in existing ones, continuously improving the breadth and accuracy of the protection we provide to our customers. Our threat intelligence team can also respond to new phishing campaigns in a matter of minutes by updating our global threat library, ensuring that all of our customers are protected against malicious sender domains and URLs. Guidance: While we may see more basic attacks leveraging the SVB crisis initially, threat actors will quickly evolve in sophistication to take advantage of the sheer volume of wire changes occurring to better target organizations. Legacy email security tools that use rules and policies are more likely to miss these attacks or report large numbers of false positives. Tessian’s guidance to our customers and anyone else is to expect a significant uptick in volume and in quality (more convincing) attacks on your employees over the coming weeks and months. See Defender in action (video) or request a free trial of Tessian to start detecting wire fraud attacks today.
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Beyond the SEG / Microsoft + Tessian, Advanced Email Threats
Why You Should Download the Microsoft 365 + Tessian Guide
by Bob Boyle Thursday, March 9th, 2023
With Business Email Compromise (BEC) attacks remaining the number one cybercrime in 2022, and 82% of data breaches involving humans – email continues to be the largest threat vector for any organization. The effectiveness of legacy gateway solutions like Proofpoint, Ironport, and Mimecast has come under scrutiny as organizations look to solve new security concerns in a cloud-first world. Organizations that have already begun adopting cloud-hosted productivity suites, like Microsoft 365, are finding an overlap in their native-security capabilities, which legacy email security solutions have traditionally addressed.  Microsoft has made significant strides in improving the native-security features built into their different licensing models. This allows security leaders to reduce cost and complexity within their security stack, as the email security capabilities offered by Microsoft 365 mirror that of a Secure Email Gateway (SEG):  Traditional Email Security URL & Attachment Protection Manual Investigation & Response Rule-Based DLP Policies  These overlapping capabilities have given security leaders a good enough option to move beyond legacy SEGs, but understanding what is included within each Microsoft licensing model is key to effectively securing an organization’s email environment. Microsoft offers various packaging bundles and add-ons, allowing flexibility for security leaders to maintain the same level of protection offered by their legacy gateway solutions.
Microsoft 365 Tessian Guide Is good enough really good enough?  The global shift to a remote workforce has also opened up new threat vectors and emerging attack types that security leaders are still struggling to prevent. Round-the-clock access to sensitive data has increased the human risk of malicious, negligent, and accidental data loss. Attackers are leveraging social engineering to trick end-users by abusing trusted relationships. Relying solely on traditional detection methods to defend against advanced attacks and rule-based policies to protect against insider risk, is leaving organizations more vulnerable than ever before.  A more intelligent approach is needed. Organizations can continue to rely on traditional detection methods to filter out bulk phishing and spam, but simply put, scanning for malicious signatures based on known threat intelligence doesn’t stop the advanced threats that security leaders face today.
Microsoft 365 Tessian Guide There is, however, a solution. The advanced detection capabilities of an Integrated Cloud Email Security (ICES) solution close the gaps where legacy, rule-based detection or current Microsoft tools fall short. ICES solutions employ advanced machine learning to map an organization’s typical email behavior and detect unusual communication patterns, providing a more accurate defence against BEC attacks. In addition, ICES solutions can warn end-users of potential misdirected emails or instances of sensitive data loss.
In this Solution Guide, we discuss the decline of legacy gateway solutions, how to reduce cost & complexity by migrating to Microsoft 365, and what email security capabilities are available in each Microsoft licensing package. In the end, readers will understand how Tessian + Microsoft 365 enables the most complete Integrated Cloud Email Security platform. Microsoft 365 Tessian Guide
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Compliance, Advanced Email Threats
Will Australia’s Tougher Cyber Regulation Force Firms to Upgrade Their Security?
by Andrew Webb Friday, March 3rd, 2023
2023 saw several shifts around the world in data privacy laws. But by far the biggest is the news that the Australian authorities have increased penalties for data breaches following a spate of major cyberattacks.  Australian firms are facing a hacking ‘pile on’ as threat actors find relatively few sophisticated defenses and an undersized and overstretched cybersecurity workforce to stop them. The Australian cybersecurity minister, Clare O’Neil, has warned of a new world “under relentless cyber-attack” as Australia’s security agencies scramble to stop the latest ransomware attacks.  This is exacerbated by a country-wide lack of skilled security professionals across all disciplines which, according to the latest research, is nearing crisis levels. Finally, Australia isn’t immune to global pressures like the post-pandemic shift to remote working which has only increased the attack surface.
Previous attempts to address the issue It’s not like the Australian Government has been sitting on its thumbs over the issue. In 2016, the government released its first Cyber Security Strategy, which included investments in cybersecurity research and development, increased collaboration between government and industry, and the establishment of the Australian Cyber Security Centre (ACSC). The ACSC is a key element of Australia’s cybersecurity infrastructure and provides a range of services to government agencies and businesses, including threat intelligence, incident response, and advice on cybersecurity best practices. The ACSC also works with international partners to share information and collaborate on cybersecurity initiatives. The Australian government has also introduced legislation aimed at improving cybersecurity. The Security of Critical Infrastructure Act 2018 requires owners and operators of critical infrastructure to report cyber incidents to the government, while the Telecommunications and Other Legislation Amendment (Assistance and Access) Act 2018 provides law enforcement agencies with greater powers to access encrypted communications.
Australian privacy breach fines just got a whole lot bigger The new bill aims to increase fines from a current maximum of AU$ 2.22 million (USD$ 1.4m) to whichever of the following is greater; AU$50 million (USD$ 34m), three times the value of any benefit obtained through the misuse of information, or 30% of a company’s adjusted turnover in the relevant period. That’s a significant increase on the old fine and dwarfs IBM’s average total cost of a data breach which stood at USD$4.35 million in 2022. It is even bigger than the estimated $25m and $35m fallout costs of the attack on Australian healthcare provider, Medibank. Further damage was done as Medibank’s value fell by AU$1.6 billion in just a single week after the breach.
Australia’s cyber future Another key trend that will shape the future of cybersecurity in Australia is the increasing use of cloud computing. Many businesses are moving their data and applications to the cloud, which can provide cost savings and greater flexibility. However, cloud computing also introduces new cybersecurity challenges, such as the need to secure data stored in multiple locations and the risk of third-party data breaches. As mentioned above, the shortage of skilled cybersecurity professionals is also likely to remain a challenge in the future. The Australian Cyber Security Centre’s 2020 Cyber Security Survey found that 88% of surveyed businesses had difficulty recruiting cybersecurity professionals. To address this shortage, the Government and industry need to work together to provide training and education opportunities for cybersecurity professionals. Looking further ahead, the Government recently launched the 2023-2030 Australian Cyber Security Strategy Discussion Paper, seeking the views and opinions of interested parties and experts (the option to contribute closes April 15 2023). The aim is to assemble an offensive cyber team to become the world’s “most cyber-secure country” by the end of the decade. That’s going to take a while. In the meantime, Australian firms, or global enterprises that have data there, are left with the threat of large, potentially ‘business ending’ fines. Interestingly, The ‘breach turnover period’ stands at 12 months or the duration of the contravention, whichever is longer. For longer-term systemic breaches by larger organizations, this framework could lead to maximum penalties significantly higher than the A$50 million figure. Indeed some commentators are asking if 2023 will see the first AU$1 billion data privacy fine. All this raises the question about the effectiveness of state sanctions on companies who fall foul of cyber regulations. But will, as the Australian authorities hope, bigger fines lead to companies upgrading their security stance and ultimately fewer breaches? We’ll have to wait and see. But with email the biggest attack vector, Australia-based organizations should give serious thought to adopting an Integrated Cloud Email Security solution, and quickly. 
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Beyond the SEG / Microsoft + Tessian, Advanced Email Threats
Tessian in Action: Account Takeover & SharePoint File Share Attack
by Tessian Threat Engineering Group Wednesday, February 22nd, 2023
Recently, Tessian Defender detected and prevented an emergent threat across a large number of our legal and financial customers. Here’s how it happened… This external Account Take Over (ATO) campaign contained over 500 malicious emails that evaded Microsoft’s and customers’ secure email gateway (SEG) controls. Subsequently, it went on to reach 20 of our customers’ inboxes. An ATO often occurs when a user accidentally shares their credentials with a threat actor allowing them full access to their email account. Because a legitimate account was compromised, this ATO attack was sent from a trusted email address, with the correct domain, meaning it would have been almost impossible for an end user to identify it as malicious. What’s more, the email content was a legitimate Microsoft SharePoint file sharing email pointing to a OneNote file in SharePoint. The hosted file pointed to a malicious website used to harvest user credentials.  Here’s a screenshot of the SharePoint email (the name, file and entities have been anonymized).
Why did the SEGs not detect this threat? There are two main reasons why a traditional SEG didn’t stop this attack. Firstly, external ATOs are extremely difficult to detect because the phishing email is sent from a legitimate account, it’s just a bad actor operating the account. This means all email authentication methods such as Sender Policy Framework (SPF), DomainKeys Identified Mail (DKIM), and Domain-based Message Authentication Reporting and Conformance (DMARC), will pass. Secondly, the email pointed to a legitimate SharePoint URL which, at the time of delivery, was not present on URL Threat Feeds. SEG detection relies heavily on signature-based, threat intelligence feeds. But for new and emerging threats, when the URL has not been seen before, there is no signature to detect so the only option they have is to deliver the email.
How did Tessian Defender detect this threat? Tessian Defender’s behavioral intelligence models identified two clear anomalous signals to predict this ATO attack. Firstly, Unusual Sender Behavior. A large amount of emails (~500) were sent from the compromised account, to many disconnected users on the Tessian network, in a short period of time. Successfully compromising an account is a rare event for an attacker, therefore the attacker will likely send many emails from the compromised account to trusted contacts in the account’s address book, as quickly as possible, before being discovered and before the credentials are changed. Secondly, Unusual File Sharing Service Used. As mentioned above, Microsoft SharePoint was leveraged in this attack. There is nothing unusual or suspicious about SharePoint, however because Tessian Defender’s behavioral models have a deep understanding of every relationship in our customer’s accounts, they were able to identify that the sender of this email had never used the SharePoint service in previous interactions. Depending on the specific customer configuration, Tessian Defender either hard-quarantined this email or displayed the following warning message to end users:  
This email was confirmed to be malicious by end users and security analysts across our customer base – reinforcing and strengthening the Tessian Global Threat Network, and nullifying this emergent threat.  Account takeover attacks are becoming an increasingly common category of threat – driven by their ability to evade existing Microsoft and secure email gateway controls. Consequently, there is a strong likelihood of an end user being tricked into trusting the legitimacy of the email. Once inside a threat actor can deploy ransomware, instigate fraudulent fund attacks, and continue to move laterally through a customer by compromising higher target accounts. 
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Attack Types, Insider Risks, Email DLP, Advanced Email Threats
Preventing ePHI Breaches over Email for Healthcare Organizations
by Matt Smith Friday, February 10th, 2023
Healthcare organizations handle some of our most sensitive and personal data, which makes them highly vulnerable to cyber attacks. Here’s how to prevent them. Electronic protected health information (ePHI) breaches over email occur when sensitive patient information is transmitted or stored through unsecured email communication. The cause of this type of breach can be unauthorized access, hacking, human error, and technological malfunction.  Healthcare organizations are complex with employees and contractor stakeholders across medical records teams, practitioners in clinic settings, non-technical employees, medical officers, and patients themselves accessing data. This diverse set of users and use cases makes managing ePHI and understanding when a breach has occurred that much more challenging. In the US, the Health Insurance Portability and Accountability Act’s Breach Notification Rule (45 CFR §§ 164.400-414) requires covered entities and their business associates to provide notification of a breach that involves unsecured protected health information. For breaches that affect over 500 individuals, organizations must notify the Department of Health & Human Services (HHS) and prominent media outlets within their state within 60 days following a breach. Additionally, many states including California, Michigan, Florida, and Arizona have similar or more stringent reporting requirements.
Impact of ePHI Breaches Breaches not only cause reputational damage, but the HHS’ Office for Civil Rights (OCR) imposes fines based on the severity of a breach and an organization’s compliance with recommended security controls. For example in 2022, Oklahoma State University Center for Health Sciences was fined $875,000 for a breach affecting 279k records. To help reduce these large fines and to drive the right security controls, the recent amendment to the HITECH Act in 2021 incentivizes HIPAA-regulated organizations to adopt “recognized security practices” to better protect patient data.  There are 18 HIPAA Identifiers considered ePHI. These identifier elements include: Name, Address, Dates related to an individual (e.g., DOB, discharge date), telephone number, email address, social security number, medical record numbers, health plan beneficiary numbers, account numbers, IP addresses or web URLs, biometrics, and photographs. 
A common breach scenario is when an employee or contractor sends an email with ePHI to the wrong recipient. This can occur when an incorrect email address is entered, autocorrect selects a different email, a recipient forwards an email to another person, or the recipient’s email account is compromised. Privacy and GRC leaders in healthcare struggle with user error and user accidents with ePHI as it is a top cause of data breaches.   Let’s look at the numbers. The HIPAA Journal Breach report has been documenting breaches for the last 23 years. To date, there have been 5,150 data breaches reported between October 21, 2009, and December 31, 2022. What’s more, 882 of these breachers are still under investigation
The HHS’ Office for Civil Rights reports show a sharp increase in business associate reported breaches. These are the business partners and counterparties to healthcare providers who access ePHI. Many larger healthcare organizations now require security audits and data protection reviews for their business counterparties to mitigate this risk. Why? Because In 2022, nearly 90% of healthcare breaches involved third party vendors. In one example, a large health plan provider recently mandated stricter email data loss controls with one of their business partners (and subsequent acquisition) to ensure the ePHI shared between the parties was closely monitored and accidental sharing was eliminated.
Preventing ePHI Data Loss Over Email There are few solutions that can effectively prevent cases of ePHI data loss via email without implementing complex and time-consuming policies and rulesets. Tessian is used today at many large healthcare organizations to protect ePHI data loss over email by:  Ensuring confidentiality that ePHI data being is being sent to the correct, authorized recipient via email (preventing misdirected emails)  Preventing impermissible disclosure of sensitive or unauthorized data from leaving the org (i.e. data exfiltration)  Enforcing proper classification and compliance of emails being sent out (data labeling, keyword matching, etc.) Tessian protects ePHI data over email in 3 main ways:   Historical analysis of email activity, behavioral context, and natural language processing to create a Behavioral Intelligence Model for each employee  Understanding the working relationships between individuals and their external contacts to detect anomalous activity  Classifying email content and warning users with in-the-moment training or automatic blocking of ePHI data Through historical email analysis of an organization’s email activity as well as constant email monitoring and threat intelligence, Tessian applies advanced machine learning techniques such as content analysis (URLs/Attachments), Behavioral Context, Natural Language Processing, Linguistic Styles (sense of urgency), Intent Analysis (payment request/fake invoice) to form a customer-specific Behavioral Intelligence Model that detects and filters unintentional and malicious data loss events on email. By forming an understanding of the expected working relationships between individuals and baselining normal end-user behavior on email,  Tessian can detect anomalous activity such as misdirected emails as well as identify end-users who have the riskiest behaviors. Often ePHI breaches result in data being accidentally shared with the wrong party which often results in a reportable event. Tessian’s ML Algorithm identifies the level of sensitivity of email content (e.g., containing social security numbers) while warning users with in-the-moment training or blocking exfiltration attempts where required.  Within the Tessian portal, administrators can automatically detect data leaving the organization that contains ePHI. Admins can choose to just monitor, warn, or automatically block emails that contain sensitive data. These controls are automatic and do not require building extensive policies using regex or other lists
With Tessian’s reporting capability a security team can provide a clear summary of potential breach events to share with the Data Protection or Compliance Officer for further investigation. Using the unique anomaly detection reporting, analysts can see these reports in seconds as opposed to the content search in Microsoft or other platforms that can take hours.
Within the Risk Hub, Tessian automatically identifies the personal email addresses associated with all employees in an organization. This is useful in determining the risk level of a potential breach. HIPAA allows an organization to conduct a risk assessment to “demonstrate a low probability that the protected health information has been compromised by the impermissible use or disclosure.” see this link for details. For example, if an employee emails ePHI to their personal email account for printing at home or to conduct work from a home device, an organization can (a) identify that this was a personal email address for an employee and (b) require the employee to delete this data from the personal device. This example is a risk mitigation practice used by a current Tessian healthcare customer.
Here’s how Tessian can automatically detect and monitor of data sent to personal email addresses
Want to find out more about how Tessian can help protect your organization? Find out more here
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Integrated Cloud Email Security, Email DLP, Advanced Email Threats
Secure Email Gateways (SEGs) vs. Integrated Cloud Email Security (ICES) Solutions
by Tessian Thursday, February 9th, 2023
Recent market developments in email security signal there is a new player in town. And what has been considered a solved-for cybersecurity challenge is receiving renewed attention, both in the enterprise and in the analyst community.  The next generation of email security, referred to by Gartner as Integrated Cloud Email Security (ICES) solutions, bring a welcome and new approach to solving for increasingly sophisticated and elusive email security threats.
Advanced threats require a new approach to addressing email security risk Threat actors are using more sophisticated techniques, and attacks are achieving greater success. This is largely due to the commercialization of cybercrime, with Phishing-as-a-Service and Ransomware-as-a-Service offerings becoming more prevalent on the dark web.  The pace of digital transformation underway and key shifts in the way we work help explain it, too. In the wake of the pandemic, the accelerated adoption of public cloud has significantly expanded attack surface risk, with employees working from home, and often on personal devices.  Threat actors are exploiting these developments by targeting the most common threat vector for a breach, phishing via email.
Secure Email Gateways (SEGs) SEGs were, until recently, considered a staple in the cybersecurity stack. But SEGs that run on static, rule-based detection engines are finding it increasingly challenging to protect in today’s threatscape. This is  largely due to SEGs relying on adversaries exploiting common and well-known attack vectors.  SEG solutions sit in-line and filter all inbound emails. SEGs use a threat intelligence engine that is combined with manual policy orchestration, creating “allow” or “deny” lists. In the world of SEGs, security administrators have to configure MX records, develop specific emails security policies, block domains, and triage incidents – with many of these incidents false positives due to its “wide-net” email filtering approach.  Given the threat engine for SEGs also relies on known threats, it can enable threat actors to bypass SEG controls, for example, by registering new domains which are combined with advanced impersonation techniques. That’s why Tessian saw 2 million malicious, inbound emails evade SEGs in a 12-month period. And once an adversary has compromised an organization’s email (i.e. passed through the gateway) there is little stopping them. SEGs also offer very limited protection against insider threats or advanced methods for email based data exfiltration, for example renaming document file names to bypass manual orchestrated SEG DLP policy labels. 
The key attributes of SEGs include: Designed to protect against commonly seen threats i.e. mainstream phishing activity, malware and spam The redirection of mail via MX records pointing to the SEG to scan all incoming email  Using a sandbox for detecting, isolating, and detonating suspected malicious emails or attachments Clawback ability for internal email only No ability to detect lateral movement by a threat actor that has breached the gateway Supplemental scanning solutions are often required to detect advanced inbound threats Manual orchestration of basic DLP policies
Integrated Cloud Email Security (ICES) Solutions The main distinguishing characteristic of ICES solutions like Tessian compared to SEGs, is that ICES solutions were born in the cloud, for the cloud. But, they’re also able to provide protection for hybrid and on-premise environments.  Using machine learning and connecting via connectors or an API, the algorithm of an ICES solution develops a historical behavioral map of an organization’s email ecosystem. This historical behavioral map is leveraged along with Natural Language Processing (NLP) and Natural Language Understanding (NLU) capabilities, to dynamically, and in-real-time, scan and detect any anomalous email behavior on both the inbound and the outbound side.  ICES solutions also offer a high degree of email security automation, including triaging of security incidents, which significantly reduces the SOC burden and ultimately improves security effectiveness.
The key attributes of ICES solutions include: Designed to detect advanced social engineering attacks including phishing, impersonation attacks, business email compromise (BEC), and account takeover (ATO) Require no MX record changes and scan incoming emails downstream from the MX record, either pre-delivery via a connector, or post-delivery via an API Behavioral detection engine for advanced inbound and outbound threats, resulting in greater detection efficacy and lower false positives i.e. less business interruption and  more SOC optimization A banner can be added to an incoming email indicating the level of risk of the scanned email Lateral attack detection capability Malicious emails are hidden from users’ inboxes. With the pre-delivery option, only email that is determined to be safe is delivered. Post-delivery solutions will claw-back a suspected email determined to be malicious All of the email fields are analyzed and compared against a historical mapping of email correspondence. Fields scanned include the sender, recipient, subject line, body, URL and attachments Prompts the end-user with in-the-moment contextual warnings on suspected malicious emails to take safe action, in real-time Some have advanced DLP capability
The evolution of the threatscape combined with the mainstream adoption of public cloud offerings and associated productivity suites, helps contextualize the emergence of the ICES vendor category.  Many of the productivity suites such as Microsoft 365 and Google Workspace include SEG-like features as part of their standard offerings. And Gartner predicts that by 2023, 40% of enterprises will be leveraging an ICES solution like Tessian with a public cloud’s productivity suite for comprehensive email protection. 
Want to learn more? See how Tessian prevents ransomware attacks, and protects against DLP, watch a product overview video, download our platform architecture whitepaper, or book a demo.
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