Security vendor reports security threats increasing

Security software and solutions vendor McAfee released its third quarter threat report on Wednesday, finding a significant increase in mobile malware and a new record for database breaches.

Additionally, McAfee reported jumps in ransomware and signed binaries as well as password-stealing trojans and autorun malware.

“Cybercrime exhibits few signs of slowing down,” said Vincent Weafer, senior vice-president of McAfee Labs, in a statement. “Though we tend to highlight the numbers, the fact is that we continue to see increased sophistication of attacks. Cybercrime, hacktivism, and cyberwarfare are in a continual state of evolution. We all need to equip ourselves with basic situation awareness to our online risks and how best to prevent and combat these threats.”

Source: McAfee.

The researchers at McAfee identified six trends they’re highlighting in this quarter’s report:

● A financial fraud ring McAfee has dubbed Operation High Roller has gone worldwide, with cybercriminals using an automated transfer system to attack financial institutions.
● The number of unique samples of ransomware, which extorts money from its victims, grew by 43 per cent, making it one of the fastest-growing areas of cybercrime. Devices were infected via links in email and social networks, drive-by downloads, and pay-per-install methods.
● Malware growth slowed slightly but the overall number in the malware “zoo” still topped 100 million samples, as predicted. Mobile malware almost doubled the previous quarter’s total, while the Android platform remains the largest target.
● The total number of data breaches in 2012 has already surpassed the figure for the entire 2011 calendar year, with close to 100 new database-related vulnerabilities identified so far.
● Stealth malware, so named as its designed to avoid detection, continued its steady growth.
● Web and messaging threats were up with a 20 per cent increase in suspicious URLs, with more than half of them in North America.

Source | McAfee Threats Report: Third Quarter 2012

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Jim Love, Chief Content Officer, IT World Canada

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Jeff Jedras
Jeff Jedras
Jeff Jedras is a technology journalist with IT World Canada and a member of the IT Business team. He began his career in technology journalism in the late 1990s, covering the Ottawa technology sector for Silicon Valley North and the Ottawa Business Journal. He later covered the technology scene in Vancouver before joining IT World Canada in Toronto in 2005, covering enterprise IT for ComputerWorld Canada and the channel for Computer Dealer News. His writing has also appeared in the Vancouver Sun & the Ottawa Citizen.

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