What is a Honey Token, and why do Cybercriminals Love Them? (2024)

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Posted by Trevagh Stankard on Tue, Aug 1st, 2023

The famous idiom "Set a trap to catch a thief" describes the idea that you can trap criminals using a lure; this concept persists because it often works. In the world of cyber, honey tokens act as a trap to catch a cybercriminal. But what exactly is a honey token, why is it needed, and how does it prevent cyber-attacks?

What is a Honey Token, and why is it Needed?

"Data is the new oil" was coined in 2006 by Clive Humby to describe how valuable data is in a digital world. Since 2006, this valuable commodity has been at the center of cybercrime. A 2023 report by identity vendor ForgeRock has found that while the numbers of breached data records have decreased somewhat between 2022 and 2023, the type of breached record has changed; for example, theft of protected health information (PHI) rose by 160%, and notably, breached records containing login credentials, like a password, increased by 350%. These data evidence the targeting of certain types of valuable data by cybercriminals rather than a generalized attack of any data.

The time taken to respond to a breach is critical; breaches that involve stolen or compromised credentials take around 327 days to identify. During that time, cybercriminals may continuously exfiltrate data and infect your network with malware. Honey tokens provide an opportunity to set an early warning system to trigger alerts of an incoming cyber-attack.

Honey tokens are a type of highly targeted honeypot. However, unlike honeypots, which can be elaborate and mimic systems such as servers, honey tokens are typically small data pieces used to signal an unauthorized access attempt. So, if cybercriminals focus on credentials, which the research suggests, a carefully placed honey token will lure the cybercriminal into a trap. If a cybercriminal falls for the honey token and attempts to use it, a trigger is pulled, and an alert is sent.

The steps below show how a typical honey token works:

  1. A honey token is created that lures cybercriminals in, for example, a fake administrator's login credential.
  2. The honey token is placed in a strategic area attractive to cybercriminals, for example, (fake) credentials set in configuration files used to access highly sensitive resources.
  3. The honey pot is linked to an intrusion detection system (IDS) or security information and event management (SIEM) platform. An alert is generated via the IDS and SIEM when the honey token is accessed or used.
  4. Once an alert is triggered, the incident response plan of an organization goes into action. Typical responses include analyzing the IP address of the access and tracking any access attempts.
  5. The data gathered by the response team can then be used to ensure that security measures are robust. The information gained from using honey tokens offers insights into the parts of a network most at risk and the type of tools needed to harden those areas against attack.

Honey tokens are strategic, so the type of honey token and its placement should be adapted to any changes in the cybersecurity threat landscape.

Types of Honey Token

Honey tokens are data-based and come in several forms; some examples give you a flavor of how these fraudster traps work:

Fake credentials: a data honey token lures cybercriminals with the promise of access to a privileged account.

Fake files: honey token files are fake files that look like they contain sensitive or valuable data. These files are bait, and when opened, they trigger an alert.

Token traps: tokens in web applications, email links, or API keys that provide tracking data to alert security teams if an intrusion attempt is made.

Booby-trapped web elements come in the form of hidden URLs, invisible links, or web pages only accessible via specific tools like phishing turned against a fraudster. If a hacker accesses one of these web elements, an alert is sent, and the security team can respond.

Honey tokens are small and easy to use to deploy across an enterprise in any vulnerable area.

It should also be noted that honey tokens could also identify unauthorized access by an internal employee. This attempt could be innocent but also indicate a malicious insider threat.

Benefits of Honey Tokens

Honey tokens are relatively low-cost and more straightforward to configure than honeypots. An enterprise can use as many honey tokens as they feel necessary. Each one will act like a tripwire and alert the security team once tripped.

Because honey pots are simple to use, they provide an easy way to add to existing security layers, such as email gateways and security awareness training programs.

Some of the main benefits of honey tokens are:

Early warning system: Honey tokens provide an early warning of incoming cyber-attacks. Honey tokens alert your security team to attempted unauthorized access and give them intelligence and time to respond.

Non-intrusive: Honey tokens only activate once they trigger an alert. Otherwise, they sit in a system without impacting performance or requiring maintenance.

Gather threat intelligence: Patterns of attack and potential system vulnerabilities can be identified if a hacker attempts to activate a honey token. This provides intelligence on techniques and tactics, allowing an organization to create more effective security strategies.

Defense-in-depth Augmented with Honey Tokens.

Having a comprehensive multi-layered approach to security is crucial, as sophisticated cyber-attacks that target sensitive and valuable data continue to challenge security teams. Honey tokens are simple but effective and add to the defense-in-depth layered security approach. Using honey tokens should be symbiotic with security solutions that prevent email and web-borne threats.

TitanSecure is a multi-layered security solution featuring SpamTitan Plus, WebTitan, and ArcTitan. It allows you to implement a multi-layered defense system to minimize potential weaknesses and enhance your cybersecurity infrastructure's overall strength, ensuring all fronts are fortified. Cybercriminals may trip your honey token, but TitanSecure will prevent them from causing damage or stealing data.

Using TitanSecure, you will protect your end users from phishing, malware, and cyber-attacks using advanced AI-driven threat intelligence. TitanSecure is a solution with integrated email security, network and DNS protection, data loss prevention, and email and team archiving. This all-in-one advanced security platform defends your organization against the most sophisticated attacks.

To experience the power of a defense in depth, sign up for a free demo of TitanHQ's multi-layered security solution TitanSecure.

Protect your business from phishing threats with SpamTitan email security. Learn how it works today.

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What is a Honey Token, and why do Cybercriminals Love Them? (2024)

FAQs

What is a Honey Token, and why do Cybercriminals Love Them? ›

A honey token is data that looks attractive to cyber criminals but, in reality, is useless to them. Generally speaking, a “honey” asset is a fake IT resource created and positioned in a system or network to get cyber criminals to attack it. In this way, honey tokens are similar to honeypots.

What is a honeypot token? ›

In a honeypot crypto scam, an attacker uses a cryptocurrency wallet, token, or smart contract to bait unsuspecting users into investing, transferring, or trading crypto tokens. Honeypot scams often bait investors with a sumptuous “pot of cryptocurrency” or the promise of substantial returns.

What is Honeynet in cyber security? ›

A honeynet is a network set up with intentional vulnerabilities hosted on a decoy server to attract hackers. The primary purpose is to test network security by inviting attacks.

What is the purpose of a honeypot? ›

The purpose of a honeypot is to refine an organization's intrusion detection system (IDS) and threat response so it is in a better position to manage and prevent attacks. There are two primary kinds of honeypots: production and research.

What is a honey trap in cyber security? ›

In the field of cybersecurity, a "honey trap" is a technique that hackers use to entice victims into risky circ*mstances. Although honey traps can take many forms, they usually entail developing a false identity or online presence to win over an unsuspecting victim.

What is a honey token? ›

A honey token is data that looks attractive to cyber criminals but, in reality, is useless to them. Generally speaking, a “honey” asset is a fake IT resource created and positioned in a system or network to get cyber criminals to attack it. In this way, honey tokens are similar to honeypots.

What is a honeypot in crime? ›

One honeypot definition comes from the world of espionage, where Mata Hari-style spies who use a romantic relationship as a way to steal secrets are described as setting a 'honey trap' or 'honeypot'. Often, an enemy spy is compromised by a honey trap and then forced to hand over everything he/she knows.

What are the disadvantages of a honeynet? ›

Honeypots also have distinct disadvantages. They require some initial effort to configure as believable computers on the network. Installations using default parameters are of little use for deception, as adversaries rapidly identify them and subsequently avoid them.

What is the difference between honeypot and honeynet? ›

A honeypot is a single service or computer on a network, that is configured to act as a decoy, attracting and trapping would-be attackers. A honeynet on the other hand is a network of honeypots that are used to lure in attackers and study their activities across multiple honeypots.

What are the disadvantages of the honeypot? ›

Honeypot security has its limitations as the honeypot cannot detect security breaches in legitimate systems, and it does not always identify the attacker. There is also a risk that, having successfully exploited the honeypot, an attacker can move laterally to infiltrate the real production network.

How does honeypot protect against cyber attacks? ›

A honeypot is a network-attached system set up as a decoy to lure cyber attackers and detect, deflect and study hacking attempts to gain unauthorized access to information systems.

What is the honeypot trick? ›

The honey pot or trap involves making contact with an individual who has information or resources required by a group or individual; the trapper will then seek to entice the target into a false relationship (which may or may not include actual physical involvement) in which they can glean information or influence over ...

What information does honeypot collect? ›

The production honeypot is the most common honeypot type. This decoy is used by businesses to collect information and intelligence about cyberattacks within the production network. This may include IP addresses, intrusion attempt time and dates, traffic volume and other attributes.

How to spot a honeytrap? ›

Inconsistencies in communication: If someone's communication seems inconsistent or doesn't match up with their supposed identity or background, it could be a sign of a honey trap.

What is a CIA honeypot? ›

In espionage terminology, honeypot and honey trap are terms for an operational practice involving the use of a covert agent (usually female), to create a sexual or romantic relationship to compromise a target.

What is honey file in cyber security? ›

A honey file is a fake file located on a network file share. Honey files are designed to detect attackers who are accessing and potentially removing data from your network. Attackers will often find a file share on a network, zip the contents of the share into a folder, and dump the data for offline analysis.

How do you check if a coin is a honeypot? ›

One of the fastest ways to detect if a coin is honeypot or likely to be a scam is the use of coinratecap.com/honeypot scan. Is an advanced honeypot scan tool. This tool help you to analyze a token and does not decide for you.

What is an example of a honeypot? ›

For example, honeypots can be used as part of a bank's IT security. You might set up a honeypot system that, to outsiders or hackers, looks like the bank's network. This helps protect the bank's real network by diverting malicious traffic.

Are crypto honeypots illegal? ›

While honeypots are not illegal themselves, they can be used for fraudulent purposes, trapping victims' funds that only the scammer can recover.

Can you sell honeypot tokens? ›

Honeypot contracts are tokens which users are able to buy but are then unable to sell, making them worthless despite their appearance. This blog looks at the common types of honeypot methods used by scammers and the scale at which they are deployed.

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