RATs (Remote Access Tools): Another Cyber Scam

A RAT (Remote Access Tool), in combination with phishing attacks, can compromise digital devices like mobile phones, tablets, laptops and desktops.

How a RAT-based attack works:

  1. First, the fraudster sends a phishing email with a link or attachment that appears legitimate.
  2. Once the victim clicks, the RAT is installed on that device without any notification to the user and automatically connects to a remote server controlled by the attacker.
  3. At this point, the attacker can:
    • Steal sensitive data (passwords, financial details, etc.)
    • Monitor user behavior through keylogging and screen recording
    • Gain access to anything the user accesses using the infected device. This online access can let them set up fraudulent trades and/or money movements.
  4. This type of attack is difficult to detect for many reasons, including:
    • The fraudulent activity is generated by a device that’s trusted by the user.
    • These attacks may use legitimate applications, so the problem may not show up in antivirus/malware scans.
Example of a RAT Attack

A client receives a text message that appears to be from their financial institution, asking them to verify account information by clicking a link. This phishing text directs the user to a spoofed website, a RAT is downloaded to the device, and then the bad actor uses the remote tool to gain access to the user’s online accounts.

White Oaks recommends the following best practices:
  • Close the browser window you use as soon as your session is over.
  • Be sure reputable antivirus/anti-malware software is active on each device you use.
  • Avoid clicking on unknown or unsolicited links or attachments.
  • To avoid landing on spoofed websites, type a website’s full URL into your browser’s address bar, and then add it as a favorite for your convenience later.
  • Remove recently downloaded applications that you do not recognize.
  • Add unique, strong passwords and consider the use of a password manager.
  • Always logout of websites once you are done with your task.
  • Take advantage of advanced security features, such as multi-factor authentication, and biometrics.
  • Keep devices updated and patched.

Remember: Reach out to any member of the White Oaks team to report any suspicious activity on your accounts or personal devices.

The foregoing content reflects the opinions of White Oaks Wealth Advisors and is subject to change at any time without notice. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that the statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.

Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns.

Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.

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Investment advisory services provided by White Oaks Wealth Advisors, Inc. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.

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