Email Threat Review February 2022

Executive Summary

• Hornetsecurity registered an increase in threat emails during February 2022.
• URL-based email and phishing attacks continue to be significant.
• With 47.1 % of impersonated brands, LinkedIn has been the most impersonated brand in ongoing phishing campaigns.

Summary

In this installment of our monthly email threat review, we present an overview of the email-based threats observed in February 2022 and compare them to the previous month’s threats.

The report provides insights into:

• Unwanted emails by category
• File types used in attacks
• Industry Email Threat Index
• Attack techniques
• Impersonated company brands and organizations

Unwanted emails by category

The following table shows the distribution of unwanted emails per category.

The following time histogram shows the email volume per category per day.

The spike in rejected emails starting on 2022-02-16 can be attributed to a large-scale reoccurring sextortion email scam campaign in the German language. This campaign then transitioned to the Dutch language on 2022-02-24. Parallel to these campaigns, we also registered more threat emails.

Methodology

The listed email categories correspond to the email categories listed in the Email Live Tracking of Hornetsecurity’s Control Panel. So our users are already familiar with them. For others, the categories are:

File types used in attacks

The following table shows the distribution of file types used in attacks.

The following histogram shows the email volume per file type used in attacks per seven days.

There has been a decline in email attacks using HTML documents for either payload delivery or credential phishing compared to previous ones. Instead, attacks using archive files, e.g., ZIP documents, to encapsulate malicious script files and other executables were on the rise. The increase of malicious Excel documents from 10 % to 12.4 % can be attributed to Emotet activity, which currently uses malicious Excel documents as an infection vector.

Industry Email Threat Index

The following table shows our Industry Email Threat Index calculated based on the number of threat emails compared to each industry’s clean emails (in median).

The following bar chart visualizes the email-based threat posed to each industry.

Overall our email threat index increased over all industries. The top four industries’ positions remain unchanged. However, the threat index of the research industry rose the most out of all the observed industries. While the threat index of the research industry increased from 6.8 % to 10.5 %, the threat index of the entertainment industry only rose from 6.4 % to 7.3 %. The threat index of the healthcare industry increased from 5.3 % to 7.3 %.

Methodology

Different (sized) organizations receive a different absolute number of emails. Thus, we calculate the percent share of threat emails from each organization’s threat and clean emails to compare organizations. We then calculate the median of these percent values for all organizations within the same industry to form the industry’s final threat score.

Attack techniques

The following table shows the attack techniques used in attacks.

The following histogram shows the email volume per attack technique used per hour.

Impersonated company brands and organizations

The following table shows which company brands and organizations our systems detected most in impersonation attacks.

The following histogram shows the email volume for company brands and organizations detected in impersonation attacks per hour.

LinkedIn was impersonated in several phishing campaigns this month.

Additionally, we detected the continuation of the phishing campaigns against German banks, namely Volks- und Raiffeisenbank, Sparkasse, and Postbank.