Is GDPR A Win For Cybercriminals?

By Tyler Moffitt, Webroot

GDPR represents a massive paradigm shift for global businesses. Every organization that handles data belonging to European residents must now follow strict security guidelines and businesses are now subject to hefty fines if data breaches are not disclosed. Organizations around the world have been busy preparing to comply with these new regulations, but many internet users are unaware of how GDPR will impact them. While this new oversight enhances user privacy protection, its implementation also opens the door for GDPR-specific cyber threats.

Anyone with even the slightest online presence has been subject to a barrage of new terms and conditions released by companies concerning GDPR, which became effective on May 25, 2018. Criminals are taking advantage of this overwhelming surge of new terms of agreements to execute scams.

A phishing scam purporting to come from Apple is the most popular that we’ve seen. It declares that “For Your Safety, Access To Your Apple ID Has Been Restricted”, then prompts users to update account information before being allowed back in. This particular campaign was designed to capitalize on fatigue from the myriad of updated terms of agreement and privacy policy notifications internet users have encountered in the weeks leading up to GDPR, hoping to catch them off guard. The idea behind the scam is that potential victims are less alert and more likely to agree to and click through anything related to updated terms and conditions. Here’s what the phishing page looks like: