–Australia is the number one target for ransomware attacks in the Southern Hemisphere–
Symantec’s Internet Security Threat Report (ISTR), Volume 21, reveals an organisational shift by cybercriminals: They are establishing professional businesses and adopting corporate best practices in order to increase the efficiency of their attacks against enterprises and consumers. This new class of professional cybercriminal spans the ecosystem of attackers, extends the reach of enterprise and consumer threats, and fuels the growth of online crime.
“Advanced criminal attack groups now mirror the skill sets of nation-state attackers. They have well resourced and highly-skilled technical staff that operate during normal business hours – they even take weekends and holidays off,” said Kevin Haley, director, Symantec Security Response. “We are even seeing low-level criminal attackers create call center operations to increase the impact of their scams.”
Advanced professional attack groups are first to leverage zero-day vulnerabilities, using them for their own advantage or selling them to lower-level criminals on the open market. Once they are available in the open market they are quickly commoditised.
In 2015, the number of zero-day vulnerabilities discovered more than doubled to a record-breaking 54, a 125 percent increase from the year before, reaffirming the critical role they play in lucrative targeted attacks. Meanwhile, malware increased at a staggering rate with 430 million new malware variants discovered in 2015. The sheer volume of malware proves that professional cybercriminals are leveraging vast resources in an attempt to overwhelm defenses and enter corporate networks.
Over Half a Billion Personal Information Records Stolen or Lost in 2015
Data breaches continue to impact the enterprise. In fact, large businesses that are targeted for attacks will on average be targeted three more times within the year. Additionally, we saw the largest data breach ever publicly reported last year with 191 million records compromised in a single incident. There were also a record-setting total of nine reported mega-breaches. While 429 million identities were exposed, the number of companies that chose not to report the number of records lost jumped by 85 percent. A conservative estimate by Symantec of unreported breaches pushes the number of records lost to more than half a billion.
“The increasing number of companies choosing to hold back critical details after a breach is a disturbing trend,” said Haley. “Transparency is critical to security. By hiding the full impact of an attack, it becomes difficult to assess the risk and improve security to prevent future attacks.”
Encryption Now Used as a Cybercriminal Weapon to Hold Companies’ and Individuals’ Critical Data Hostage
Ransomware continued to evolve in 2015, with the more damaging style of crypto-ransomware attacks growing by 35 percent. This more aggressive crypto-ransomware attack encrypts all of a victim’s digital content and holds it hostage until a ransom is paid. This year, ransomware spread beyond PCs to smartphones, Mac and Linux systems, with attackers increasingly seeking any network-connected device to hold hostage for profit, indicating that the enterprise is the next target.
“The Symantec Internet Security Threat Report reveals just how lucrative Australia is for cybercriminals. In fact, Australia is the number one target for ransomware targets in the Southern Hemisphere with the average number of ransomware attacks per day increasing 141 percent from the year before. The country was also ranked as one of the top ten targets globally for social media scams and targeted attacks,” said Nick Savvides, Symantec Security Expert.
Don’t Call Us, We’ll Call You: Cyber Scammers Now Make You Call Them to Hand Over Your Cash
In 2015, Symantec saw a resurgence of many tried-and-true scams. Cybercriminals revisited fake technical support scams, which saw a 200 percent increase last year. The difference now is that scammers send fake warning messages to devices like smartphones, driving users to attacker-run call centres in order to dupe them into buying useless services. As people conduct more of their lives online, attackers are increasingly focused on using the intersection of the physical and digital world to their advantage.
From the Experts: Security Tips and Tricks
As attackers evolve, there are many steps businesses and consumers can take to protect themselves. As a starting point, Symantec recommends the following best practices:
For Businesses:
- Don’t get caught flat-footed: Use advanced threat and adversary intelligence solutions to help you find indicators of compromise and respond faster to incidents.
- Employ a strong security posture: Implement multi-layered endpoint security, network security, encryption, strong authentication and reputation-based technologies. Partner with a managed security service provider to extend your IT team.
- Prepare for the worst: Incident management ensures your security framework is optimised, measureable and repeatable, and that lessons learned improve your security posture. Consider adding a retainer with a third-party expert to help manage crises.
- Provide ongoing education and training: Establish simulation-based training for all employees as well guidelines and procedures for protecting sensitive data on personal and corporate devices. Regularly assess internal investigation teams—and run practice drills—to ensure you have the skills necessary to effectively combat cyber threats.
For Consumers:
- Use strong passwords: Use strong and unique passwords for your accounts. Change your passwords every three months and never reuse your passwords. Additionally, consider using a password manager to further protect your information.
- Think before you click: Opening the wrong attachment can introduce malware to your system. Never view, open, or copy email attachments unless you are expecting the email and trust the sender.
- Protect yourself: Prevention is better than a cure. Use an internet security solution that includes antivirus, firewalls, browser protection and proven protection from online threats.
- Be wary of scareware tactics: Versions of software that claim to be free, cracked or pirated can expose you to malware. Social engineering and ransomware attacks will attempt to trick you into thinking your computer is infected and get you to buy useless software or pay money directly to have it removed.
- Safeguard your personal data: The information you share online puts you at risk for social engineered attacks. Limit the amount of personal information you share on social networks and online, including login information, birth dates and pet names.
About the Internet Security Threat Report
The Internet Security Threat Report provides an overview and analysis of the year in global threat activity. The report is based on data from Symantec’s Global Intelligence Network, which Symantec analysts use to identify, analyse and provide commentary on emerging trends in attacks, malicious code activity, phishing, and spam.
About Symantec
Symantec Corporation is the global leader in cybersecurity. Operating one of the world’s largest cyber intelligence networks, we see more threats, and protect more customers from the next generation of attacks. We help companies, governments and individuals secure their most important data wherever it lives.
