Strategic Malware Attacks Grow: Report

Monday, March 12, 2018 @ 01:03 PM gHale

No one can deny cybersecurity is becoming a more important issues for manufacturing automation organizations and just one more indication is there were 9.32 billion malware attacks last year and there were more than 12,500 new Common Vulnerabilities and Exposures (CVE) reported for the year, new research found.

“The cyber arms race affects every government, business, organization and individual. It cannot be won by any one of us,” said Bill Conner, chief executive of SonicWall, which did the study. “Our latest proprietary data and findings show a series of strategic attacks and countermeasures as the cyber arms race continues to escalate. By sharing actionable intelligence, we collectively improve our business and security postures against today’s most malicious threats and criminals.”

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The annual threat report looks at advances made by cybersecurity professionals and global cybercriminals. The results show:
• Cyber attacks are becoming the No. 1 risk to business, brands, operations and financials
• 9.32 billion total malware attacks in 2017, an 18.4 percent year-over-year increase from 2016
• Ransomware attacks dropped from 638 million to 184 million between 2016 and 2017
• Ransomware variants, however, increased 101.2 percent
• Traffic encrypted by SSL/TLS standards increased 24 percent, representing 68 percent of total traffic
• Without SSL decryption capabilities in place, the average organization will see almost 900 attacks per year hidden by SSL/TLS encryption

“The risks to business, privacy and related data grow by the day — so much so that cybersecurity is outranking some of the more traditional business risks and concerns,” Conner said.

Law enforcement is now becoming a bigger player in the security arena.

Key arrests of cybercriminals continued to help disrupt malware supply chains and impact the rise of new would-be hackers and authors.

The study found:
• Law enforcement agencies are making an impact by arresting and convicting malware authors and disruptors
• Cybercriminals are being more careful with how they conduct business, including dynamic cryptocurrency wallets and using different transaction currencies
• Cooperation between national and international law enforcement agencies is strengthening the disruption of global cyber threats

“Stabilizing the cyber arms race requires the responsible, transparent and agile collaboration between governments, law enforcement and the private sector,” said the Honorable Michael Chertoff, Chairman of the Chertoff Group, and former U.S. Secretary of Homeland Security. “Like we witnessed in 2017, joint efforts deliver a hard-hitting impact to cybercriminals and threat actors. This diligence helps disrupt the development and deployment of advanced exploits and payloads, and also deters future criminals from engaging in malicious activity against well-meaning organizations, governments, businesses and individuals.”

Click here to register for the report.

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