Cybercriminals shift tools, tactics and procedures to improve infection rates

Trend Micro released its Midyear Security Roundup 2018, revealing that cybercriminals are moving away from attention-grabbing ransomware attacks to more covert methods intended to steal money and valuable computing resources. Cryptojacking attempts are making the biggest impact so far this year. Trend Micro recorded a 96 percent increase in cryptocurrency mining detections in 1H 2018…

Blocking compromised passwords: How and why to do it

Passwords are beginning to feel like the zombie that just won’t die. Even after Bill Gates famously called for their demise in 2004, this antiquated form of user verification is still alive and kicking. Yet, many remain hopeful that passwords will slowly be phased out as the world move towards stronger authentication. That is not…

Ransomware back in big way, 181.5 million attacks since January

SonicWall announces record numbers for malware volume, ransomware attacks, encrypted threats and chip-based attacks in the mid-year update of the 2018 SonicWall Cyber Threat Report. “Real-time cyber threat intelligence is more critical than ever as cybercriminals continue to find new attack vectors — like encrypted and chip-based attacks,” said Chad Sweet, CEO at The Chertoff…

Cryptomining: the new lottery for cybercriminals

Cryptomining has surpassed even ransomware as the revenue generator of choice according to a Cisco Talos report, which claims crypto-mining botnets can earn hackers up to $500 dollars a day and a dedicated effort could equate to more than $100,000 dollars a year. Representing the perfect balance of stealth and wealth for cybercriminals and some unscrupulous,…

Cryptocurrency Fraud: In the Midst of a Gold Rush, Beware of Scammers

Bitcoin is the pioneer and obvious leader in the cryptocurrency market. But in 2017 alternative coins, or “altcoins,” began to transform the market. Nearly 1,500 cryptocurrencies are currently in circulation, and new altcoins emerge every week with Monero, Zcash and Ethereum among the top challengers to Bitcoin. But beware. Much like opportunists who devised various…

Why Smart Devices Need Even Smarter Security

The introduction of a new generation of connected, intelligent devices into the workplace has helped businesses become more productive, serve customers more efficiently and expand into new markets. But as more smart devices join the burgeoning Internet of Things (IoT), the transition has scrambled the historical notion of the corporate endpoint. We’ve moved beyond the…

Don’t Let a Retail Vulnerability Cause Holiday Havoc

Retail data breaches have historically occurred during the holiday season. The high volume of transactions and management’s focus on sales and inventory distract attention from a potential retail vulnerability, exposing opportunities for cybercriminals to infiltrate point-of-sale (POS) systemsand online transaction streams.

How To Beat Cybercrime’s Prey-and-Pay Villains

Cybercrime pays, so much so that successful cybercriminals now run their operations like a business, complete with technical support centers, in-house training, and HR. To protect your digital assets, you need to approach your cybersecurity like a business, and not as a one-time point solution that is bolted onto existing infrastructures, programs, and procedures.

ATM hackers switch to network-based attacks

More and more attacks against ATMs are network-based, Trend Micro researchers have found. Since the discovery of the first ATM malware back in 2009, criminals have concentrated on opening the ATM’s case and accessing the machine’s internals to boot the malware up from an external USB or CD. But lately, as banks have ramped up…