Some employment scams take an unexpected turn as cybercriminals shift from “hiring” to “firing” staff
Most of us are in a job or looking for one. Or both. That’s largely why employment and work-from-home scams are so popular among cybercriminals (and even some state-aligned threat actors). The schemes typically lure the user by offering amazing job or casual employment opportunities. But in reality, all the scammers usually want is your personal and financial information. In some cases, victims may even end up unwittingly receiving and re-shipping stolen goods, or allowing their bank accounts to be used for money laundering.
However, less-well known is the employment termination scam. This turns the idea on its head: using the threat of losing your job rather than the lure of gaining a new one to catch your attention. So what do they look like and how can you stay safe?
At their simplest, job termination scams are a type of phishing attack designed to trick you into handing over your personal and financial information, or on clicking on a malicious link which could trigger a malware download. Social engineering tactics used in phishing aim to create a sense of urgency in the victim, so that they act without thinking things through first. And you can’t get more urgent than a notice informing you that you have been dismissed.
It could arrive in the form of an email from HR, or an authoritative third-party outside the company. It may tell you that your services are no longer required. Or it may claim to include details about your colleagues that are too hard to resist reading. The end goal is to persuade you to click on a malicious link or open an attachment, perhaps by claiming that it includes details of severance payments and termination dates.
Once you click through/open the attachment, you might find that:
With your work logins, adversaries could hijack your email or other accounts to access sensitive corporate data and networks for theft and extortion. And if you reuse those logins across multiple accounts, they may even be able to run credential stuffing campaigns to unlock those accounts, too.
Termination scams are effective because they exploit the credulity of human beings, creating a sense of dread among the victim, and instilling an urgent need for action. You’d be hard pressed to find an employee that didn’t want to know more about their own termination, or potentially contrived details of supposed misconduct.
It’s no coincidence that phishing remains a top-three initial access tactic for ransomware actors and has contributed to a quarter (25%) of financially motivated cyber-incidents over the past two years.
Several versions of this scam have been observed circulating in the wild. These include:
As with any phishing attack, there are a few warning signs which should flash red if such an email ends up in your inbox. Take a deep breath and look out for giveaways such as:
To ensure you don’t get caught out by job termination scams, understand the warning signs listed above. And also consider the following:
Employment termination scams have been around for some time. But if they’re still doing the rounds, they must still be working. Always be sceptical of anything hitting your inbox.
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