Year-Long Phishing Campaign Targets Energy, Oil & Gas Companies Using Spoofed B2B Correspondence

Stu Sjouwerman | Jul 14, 2021

Year Long Phishing Campaign Targeting Oil and Gas CompaniesUncovered by the research team at cloud protection vendor Intezer, this new phishing campaign seeks to steal information and position each victim as the foothold to spear phish additional companies.

I love seeing the big picture; it let’s me know my educated guesses about who, why, and what’s next based on attack after attack I’ve seen are all pretty well-founded. In the case of this latest attack documented by security researchers at Intezer, we get to see the entire picture from start to finish. And it appears the Energy sector (and a few related industries) have been the target of a phishing campaign spanning over one year.

The campaign uses some traditional tactics we’ve all seen before to phish the user into taking the bait. Emails appear to be legitimate correspondence, usually related to requests for quotations (RFQ), contracts, and references to real projects related to the business of the victim company. An example from Intezer is below:

Phishing-Email

 

 

 

 

 

 

 

 

 

 

 

Source: Intezer

Sender addresses use lookalike domains, forged email headers, and spoofed email addresses of real individuals to convince potential victims into engaging with malicious attachments – usually IMG, ISO, or CAB files containing .NET-based malware including Formbook and Agent Tesla, which can steal banking info, credentials, and more, as well as provide remote access to threat actors.

And, because much of the malware this campaign uses is fileless – meaning, it installs directly to memory, many AV solutions miss this. So, it’s necessary to ensure the human element of your security strategy is fully engaged via Security Awareness Training so they can see through the spoofing tactics and immediately know something is off before they even begin to think about clicking on that link or attachment.

Discover Your Organization’s Phish-prone™ Percentage

Ninety-one percent of data breaches begin with spear phishing. Launch our Free Phishing Security Test for up to 100 users to uncover your team's vulnerability and see how your security posture stacks up against industry benchmarks.

Get Your Free Phishing Security Test

Secure the Digital Workforce: Human + AI

KnowBe4 empowers the modern workforce to make smarter security decisions every day. Trusted by more than 70,000 organizations worldwide, KnowBe4 is the pioneer of digital workforce security, securing both AI agents and humans. The KnowBe4 Platform provides attack simulation and training, collaboration security, and agent security powered by AIDA (Artificial Intelligence Defense Agents) and a proprietary Risk Score. The platform leverages 15 years of behavioral data to combat advanced threats including social engineering, prompt injection, and shadow AI. By securing humans and agents, KnowBe4 leads the industry in workforce trust and defense.