Hackers are adapting their tactics to exploit the global emergency. AP
Hackers are adapting their tactics to exploit the global emergency. AP
Hackers are adapting their tactics to exploit the global emergency. AP
Hackers are adapting their tactics to exploit the global emergency. AP

Coronavirus: cyber criminals launch Covid-19 attack barrage


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Cyber criminals are exploiting the coronavirus pandemic by launching an unprecedented barrage of Covid-19 themed attacks, experts have warned.

The UAE has been revealed as the leading target in the region, accounting for more than half of the examples of malicious online Covid-19 theme behaviour detected in the Gulf.

Across the globe, there has been a huge increase in cyber attacks over recent weeks, as hackers seek to take advantage of new systems of working, fears about the coronavirus and the fact that people are spending more time online.

Their tactics have included emails promising urgent coronavirus updates which attempt to con internet users into downloading malicious software, fake appeals for donations to help those affected by the pandemic, and websites selling cures, vaccines or protective equipment that do not exist.

As GCC employees adapt to new methods of working, they should be wary of cybercriminals using popular online tools and file attachments in their scams

In total, Trend Micro, an international cybersecurity and defence firm, said it had detected 1,541 Covid-19 attacks in the UAE, including 775 malware threats, 621 email spam attacks and 145 URL attacks during March.

Across the GCC, the figure was 3,067 over the same period.

“While the GCC countries are bringing Covid-19 coronavirus under control from a public health standpoint, cyber-attacks show that organisations need to do more to tighten their cyber security solutions and processes,” said Moataz Bin Ali, vice president of Trend Micro in the Middle East and North Africa.

“As GCC employees adapt to new methods of working, they should be wary of cybercriminals using popular online tools, sharing software, and file attachments in their scams.

"Unverified mobile apps tracking Covid-19 can also present major risks.”

Worldwide, Trend Micro recorded more than 907,000 spam messages, more than 48,000 hits on malicious URLs, and detected 737 malware threats all related to Covid-19 coronavirus in the first quarter of 2020.

The figures are based on threats that were blocked by Trend Micro.

In threats related to Covid-19, URL attacks increased by 260 times and email spam attacks increased 220 times between February and March.

Outside of the region, the United States experienced the most Covid-19 attacks.

Some of the most common were email scams, where hackers disguised malicious attachments as updates from government public health departments.

Fake appeals for donations were also made by criminals claiming to represent organisations such as the World Health Organisation.

Others tried to get users to click on an email link by pretending it contains a revised shipping or delivery schedule due to a coronavirus-related transport disruption.

One website was discovered that encouraged users to download a “Corona Antivirus” app that falsely claimed to have been developed by Harvard University scientists.

Downloading it allowed attackers to take control of the device, giving them the opportunity to steal passwords, digital currency and browsing histories.

A fake UK government website was also uncovered by experts. It aimed to steal bank details by urging users to upload account numbers to receive money from coronavirus-related income support schemes.

Other fake websites have been set up to trick people into thinking they belong to legitimate companies, including Netflix or PayPal.

Ransomware attacks – where computers are locked by hackers until they receive a fee – have been targeted at a hospital being used as a Covid-19 testing centre in the Czech Republic.

An Android mobile app, called CovidLock, claimed to helps users track cases, but instead leads to a demand for $100 in bitcoin to regain access to the device if downloaded.

Last week, Tonya Ugoretz, the deputy assistant director of the FBI’s Cyber Division, said its internet crime complaints centre was receiving between 3,000 and 4,000 cybersecurity complaints each day, a major jump from prior to the Covid-19 pandemic when about 1,000 complaints were received daily.

“We have increased vulnerabilities online, and increased interest from threat actors to exploit those,” Mr Ugoretz said.

First Person
Richard Flanagan
Chatto & Windus 

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Washmen Profile

Date Started: May 2015

Founders: Rami Shaar and Jad Halaoui

Based: Dubai, UAE

Sector: Laundry

Employees: 170

Funding: about $8m

Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures

Generational responses to the pandemic

Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:

Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.

Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.

Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.

Dubai World Cup nominations

UAE: Thunder Snow/Saeed bin Suroor (trainer), North America/Satish Seemar, Drafted/Doug Watson, New Trails/Ahmad bin Harmash, Capezzano, Gronkowski, Axelrod, all trained by Salem bin Ghadayer

USA: Seeking The Soul/Dallas Stewart, Imperial Hunt/Luis Carvajal Jr, Audible/Todd Pletcher, Roy H/Peter Miller, Yoshida/William Mott, Promises Fulfilled/Dale Romans, Gunnevera/Antonio Sano, XY Jet/Jorge Navarro, Pavel/Doug O’Neill, Switzerland/Steve Asmussen.

Japan: Matera Sky/Hideyuki Mori, KT Brace/Haruki Sugiyama. Bahrain: Nine Below Zero/Fawzi Nass. Ireland: Tato Key/David Marnane. Hong Kong: Fight Hero/Me Tsui. South Korea: Dolkong/Simon Foster.

What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

While you're here ...

Damien McElroy: What happens to Brexit?

Con Coughlin: Could the virus break the EU?

Andrea Matteo Fontana: Europe to emerge stronger

SCHEDULE

Thursday, December 6
08.00-15.00 Technical scrutineering
15.00-17.00 Extra free practice

Friday, December 7
09.10-09.30 F4 free practice
09.40-10.00 F4 time trials
10.15-11.15 F1 free practice
14.00 F4 race 1
15.30 BRM F1 qualifying

Saturday, December 8
09.10-09.30 F4 free practice
09.40-10.00 F4 time trials
10.15-11.15 F1 free practice
14.00 F4 race 2
15.30 Grand Prix of Abu Dhabi

SPECS
%3Cp%3E%3Cstrong%3EEngine%3C%2Fstrong%3E%3A%202-litre%20direct%20injection%20turbo%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3C%2Fstrong%3E%3A%207-speed%20automatic%20%0D%3Cbr%3E%3Cstrong%3EPower%3C%2Fstrong%3E%3A%20261hp%20%0D%3Cbr%3E%3Cstrong%3ETorque%3C%2Fstrong%3E%3A%20400Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3C%2Fstrong%3E%3A%20From%20Dh134%2C999%26nbsp%3B%3C%2Fp%3E%0A
THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5