Average DDoS attack sizes decrease 85% due to FBI’s shutdown of DDoS-for-hire websites

The FBI’s shutdown of the 15 largest distributed denial-of-service (DDoS) for hire vendors (booters) reduced the overall number of attacks worldwide by nearly 11 percent compared to the same period last year. Along with the fewer total attacks, the average size decreased by 85 percent as did the maximum attack size by 24 percent, indicating…

Increasing security measures are driving cybercriminals to alter their techniques

Increased security measures and awareness are driving cybercriminals to alter their techniques in search of a better return on investment (ROI). As a result, two major shifts occured, including decreased reliance on malware and a decline in ransomware, as criminals increased their use of other cybercrime techniques with the potential for greater ROI, according to…

Most IoT devices are being compromised by exploiting rudimentary vulnerabilities

Cybercriminals are looking for ways to use trusted devices to gain control of Internet of Things (IoT) devices via password cracking and exploiting other vulnerabilities, such as through the exploitation via voice assistants, according to the latest Mobile Threat Report unveiled by McAfee. With over 25 million voice assistants in use across the world, these…

Cybercriminals Exploit Gmail Feature to Scale Up Attacks

Some cybercriminals are taking advantage of a long-standing feature in Google Gmail designed to enhance account security, to create multiple fraudulent accounts on various websites quickly and at scale, security vendor Agari said this week. The feature, which some have warned about previously, basically ensures that all dotted variations of a Gmail address belong to…

Cybercriminals increasingly taking aim at businesses

2018 has been the year when cryptominers first dethroned ransomware as the most prevalent threat due to a meteoric spike in Bitcoin value in late 2017, then slowly trailed off when it began to nosedive. It’s also been the year of the mega breach (Facebook, Marriott, MyHeritage, Quora, etc.), the year when extortionists and sextortionists…

Increased dark web activity putting merchants and consumers at risk

Cybercriminals are increasingly targeting retailers and their customers through digital and social channels as retailers leverage new channels for increased revenue opportunities. In a joint report, IntSights scoured the Clear and Dark Web to assess retail data and goods being sold illegally, new cyber scam tactics and how cybercriminals impersonate brands online to trick unknowing…

Cryptomining dethrones ransomware as top threat in 2018

Based on trends in the first half of 2018, Webroot found that cybercriminals are shifting to increasingly sophisticated and targeted means of attack while also expanding their money making endeavors, as shown by the uptick in cryptojacking and cryptomining. There has been a massive shift from ransomware to cryptomining Malware in general, including ransomware and…

A law enforcement view of emerging cybercrime threats

Cybercriminals are adopting creative new techniques to target their victims at an unprecedented pace and are constantly seeking methods to avoid law enforcement detection. To stay ahead of them, law enforcement should target cybercriminals offering “off-the-shelf” cyber-attack services or products to make it more difficult for low-level cybercriminals to carry out high-level attacks. Europol’s fifth…