Phishing business model evolves – a research into phishing as-a-Service (PhaaS)

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We are proud to announce the release of a collaborative research project that we’ve conducted with the cybersecurity company Imperva.

The purpose of the research was to examine the mechanism of a typical phishing campaign, and evaluate phishing from a financial point-of-view: how much would it cost to run a successful campaign? What is the profit from these campaigns? How does the black market facilitates this phenomena?

Using IntSights ongoing persistent presence in the darknet, our researchers, along with Imperva researchers managed to attribute the phishing campaign to an Indonesian hacking group, which is still active on a dedicated IRC channel.

Together we came to a final conclusion that the “As-a-Service” trend has now reached the phishing market – a fact which lowers phishing costs, makes it far more profitable and probably suggests proliferation in phishing campaigns in the year to come ”

For the complete research please click here.

This post was written by Ido Wulkan, intelligence team leader at IntSights

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INTSIGHTS delivers powerful early warning of hacking and fraud attacks, via sophisticated cyber intelligence, rapid mitigation and one click remediation. Smart hackers plan their offensive before attacking the perimeter of an enterprise network. Pre- attack, they scout target and collaborate with like minded individuals on the Darknets and hidden online forums, seeking tools and information that can help them achieve their aims. For experienced cyber intelligence operatives, these are clear signals of an impending attack. Intsights expose hackers' reconnaissance efforts, interprets them, and then provides the tools to avert harmful attacks, enabling proactive defense. By uncovering and deflecting surveillance attempts and attack planning so early in the cyber attack chain, Intsights weakens hacker arsenals and dampens their motivation. These timely insights and countermeasures effectively encourage hackers to seek out easier targets. INTSIGHTS answers the growing need for rapid, accurate cyber intelligence and incident mitigation. The company was founded by veterans of elite cyber security and intelligence military units, where they gained a deep understanding of the way hackers think, collaborate and act. Intsights is backed by Glilot Ventures, one of the leading cyber-focused venture capital companies in the world.

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