Cybercriminals target unlikely sources

Trend Micro’s Q1 roundup reveals evolving game plan for cyber criminals

Tags: Cyber crimeTrend Micro Incorporated
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Cybercriminals target unlikely sources Genes: Creative cybercriminals continue to find new opportunities to commit their crimes.
By  Stephen McBride Published  May 17, 2014

Cybercriminals have upped their game, finding fresh ways to target victims for financial theft, according to Trend Micro Inc’s first-quarter security roundup, which the company has titled “Cybercrime Hits the Unexpected”.

Digital miscreants are branching out, deploying advanced threats towards a number of unlikely targets, such as point-of-sale (PoS) terminals.

Trend Micro cyber threat specialists also found that online banking malware continued to plague the industry with previously unseen malware families, each with different targets and varying anti-detection techniques. This quarter’s online banking malware volume significantly dropped from the end of 2013, but the first quarter number did not differ much from the same period in 2013, and the high numbers at the close of last year could be attributed to the holiday season when cybercriminals pursue online shoppers.

And on the mobility side, the number of apps vulnerable to malware, which has grown at breakneck speed for the past five years, has hit 2m since the introduction of the Android platform.

“This year’s first quarterly report sheds light [on] the cyber underground where creative cybercriminals continue to find new opportunities to commit their crimes,” said Raimund Genes, CTO, Trend Micro.

“To remain protected against these ever-evolving cyber threats, users must be diligent in using best practices when surfing the Web, especially when conducting online financial transactions.”

“Organizations continued to struggle with attacks that were targeted in nature, which could be directly aimed at the energy, financial, healthcare, and retail industries or critical infrastructure,” said JD Sherry, vice president of technology and solutions, Trend Micro.

“It came down to a simple equation: high-value targets that promised massive payouts were compromised despite the determined efforts of organisations to protect their valuable information.”

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