Accounting sector targeted in successive Trojan email attacks

Posted by Jaclyn McRae on 19 September 2016 09:42:00 AEST

 Accountants and bookkeepers have been the target of high-volume phishing attacks in the past week.

In each attack, cybercriminals sent out fake invoices bearing the logos of accounting software providers Xero, FreshBooks and Intuit QuickBooks.

The attacks were large in volume and, in some cases, varied and persistent. In each case, recipients were asked to click a link to view an outstanding invoice. Unfortunately, those curious enough to click the link played right into the cybercriminals’ hands.

Quickbooks_malware_email_scam_MailGuard.jpg

In each case, the links directed users to a malicious download in the form of a JavaScript file bearing a Trojan. This has the potential to allow hackers easy access to a computer, and any valuable information it holds.

Why target accountants and bookkeepers?

It’s an increasingly popular tactic among scammers: leverage the good reputation of a known brand name to exploit victims.

Accountants, bookkeepers and finance professionals within businesses are an especially popular target of these scams.

Global cybercrime networks know that those individuals are the custodians of valuable financial credentials and sensitive employee data. Plus, they are regularly downloading attachment invoices and clicking through to links, so they’re a vulnerable and attractive target.

By simply amending account details on an invoice run, or within a pay run, attackers can yield hundreds of thousands of dollars with little prospect of being caught.

What do scammers want me to click a link?

The object of this type of phishing scam isn’t simply to get the victim to hand over money.

Scams of this nature are typically attempting to steal valuable data such as usernames and passwords or sensitive banking and financial information.

The danger of Trojans is the user may not realise their computer is housing malware. Meanwhile, the Trojan is working behind the scenes to take actions not authorised by the user, such as modifying, stealing, copying or even deleting data.

For a few dollars per staff member per month, add MailGuard's cloud-based email and web filtering solution to your business security. You’ll significantly reduce the risk of new variants of malicious email from entering your network. 

Our benchmarking shows that MailGuard is consistently 2-48 hours ahead of the market in preventing new attacks.

Find more tips on identifying email scams by subscribing to MailGuard’s blog.

Keep up to date on the latest email scams by subscribing to MailGuard’s weekly update or follow us on social media.

Keep Informed with Weekly Updates

^ Back to Top

Topics: Cyber Criminals Malware email scam Email Spam Trojan Scam QuickBooks Trojan Malware malicious email email fraud xero email scam xero invoice FreshBooks Intuit

Back to Blog

Comments:


Something Powerful

Tell The Reader More

The headline and subheader tells us what you're offering, and the form header closes the deal. Over here you can explain why your offer is so great it's worth filling out a form for.

Remember:

  • Bullets are great
  • For spelling out benefits and
  • Turning visitors into leads.

Recent Posts

Posts by Topic

see all