Connect with us

Hi, what are you looking for?

HEADLINES

IoT devices at homes are latest target for cryptojacking

Recent attack trends show they are turning to agile development practices to make their malware even more difficult to detect and to counter the latest tactics of anti-malware products. 

Fortinet announced the findings of its latest Global Threat Landscape Report. The research reveals cyber criminals are becoming smarter and faster in how they leverage exploits to their advantage. They are also maximizing their efforts by targeting an expanding attack surface and by using iterative approaches to software development facilitating the evolution of their attack methodologies.

Highlights of the report follow:

  • Virtually No Firm is Immune from Severe Exploits: Analysis focused on critical and high-severity detections demonstrates an alarming trend with 96% of firms experiencing at least one severe exploit. Almost no firm is immune to the evolving attack trends of cyber criminals. In addition, nearly a quarter of companies saw cryptojacking malware, and only six malware variants spread to over 10% of all organizations. FortiGuard Labs also found 30 new zero-day vulnerabilities during the quarter.
  • Cryptojacking Moves to IoT Devices in the Home: Mining for cryptocurrency continues, cyber criminals added IoT devices, including media devices in the home to their arsenals. They are an especially attractive target because of their rich source of computational horsepower, which can be used for malicious purposes. Attackers are taking advantage of them by loading malware that is continually mining because these devices are always on and connected. In addition, the interfaces for these devices are being exploited as modified web browsers, which expands the vulnerabilities and exploit vectors on them. Segmentation will be increasingly important for devices connected to enterprise networks as this trend continues.
  • Botnet Trends Demonstrate the Creativity of Cyber Criminals: Data on botnet trends gives a valuable post-compromise viewpoint of how cybercriminals are maximizing impact with multiple malicious actions. WICKED, a new Mirai botnet variant, added at least three exploits to its arsenal to target unpatched IoT devices. VPNFilter, the advanced nation-state-sponsored attack that targets SCADA/ICS environments by monitoring MODBUS SCADA protocols, emerged as a significant threat. It is particularly dangerous because it not only performs data exfiltration, but can also render devices completely inoperable, either individually or as a group. The Anubis variant from the Bankbot family introduced several innovations. It is capable of performing ransomware, keylogger, RAT functions, SMS interception, lock screen, and call forwarding. Keeping tabs of morphing attacks with actionable threat intelligence is vital as creativity expands.
  •  Malware Developers Leverage Agile Development: Malware authors have long relied on polymorphism to evade detection. Recent attack trends show they are turning to agile development practices to make their malware even more difficult to detect and to counter the latest tactics of anti-malware products. GandCrab had many new releases this year, and its developers continue to update this malware at a rapid pace. While automation of malware attacks presents new challenges, so does agile development because of the skills and processes to roll out new evading releases of attack methods. To keep pace with the agile development cyber criminals are employing, organizations need advanced threat protection and detection capabilities that help them pinpoint these recycled vulnerabilities.
  •  Effective Targeting of Vulnerabilities: Adversaries are selective in determining what vulnerabilities they target. With exploits examined from the lens of prevalence and volume of related exploit detections, only 5.7% of known vulnerabilities were exploited in the wild. If the vast majority of vulnerabilities won’t be exploited, organizations should consider taking a much more proactive and strategic approach to vulnerability remediation.
  •  Education and Government Application Usage: When comparing application count usage across industries, government use of SaaS applications is 108% higher than the mean and is second to education in the total number of applications used daily, 22.5% and 69% higher than the mean, respectively. The likely cause for the higher usage in these two industry segments is a greater need for a wider diversity of applications. These organizations will require a security approach that breaks down silos between each of these applications, including their multi-cloud environments, for transparent visibility and security controls.

The threat data in this quarter’s report once again reinforces many of the prediction trends unveiled by the FortiGuard Labs global research team for 2018. A security fabric that is integrated across the attack surface and between each security element is vital. This approach enables actionable threat intelligence to be shared at speed and scale, shrinks the necessary windows of detection, and provides the automated remediation required for the multi-vector exploits of today.

Advertisement
Advertisement
Advertisement

Like Us On Facebook

You May Also Like

HEADLINES

Unlike core IT teams, HR environments may not always be subject to the same level of hardened security controls. Yet, they often handle sensitive...

HEADLINES

As generative AI fuels large-scale impersonation imagery and remote work reshapes enterprise security, identity has become the perimeter, and high-assurance verification is essential to...

HEADLINES

Cybersecurity experts warn that aside from sexualized content, AI-generated images are also increasingly used for fraud, scams, and identity theft, and share tips on...

HEADLINES

AI-enabled adversaries increased operations by 89% year-over-year, weaponizing AI across reconnaissance, credential theft, and evasion.

HEADLINES

Dataiku announced the launch of the 575 Lab, Dataiku's Open Source Office. The 575 Lab will release two new open-source toolkits designed to help...

HEADLINES

Enterprise complexity is working in the attackers' favor — identity weaknesses were exploited in 89% of investigations, while 87% of attacks involved multiple attack...

HEADLINES

AI-first businesses – those integrating AI into key processes and offerings from the outset rather than as a secondary enhancement – are hurtling towards...

HEADLINES

The acquisition is an important step in Sophos’ strategy to help organizations strengthen cybersecurity strategy and governance across all levels of maturity, delivered through...

Advertisement