Cybercrime Part of Everyday Life, Study Finds

With all the threats that have occurred lately (Wannacry, Qakbot, Zomato breach, etc.), it is clear that these events touch almost everyone. Cybercrime is industry-agnostic; a democratic thief, if you will. The 2017 Verizon Data Breach Investigations Report (VDBIR) illustrates just how far-reaching cybercrime has become in our daily lives.

You can hardly go a week without the mainstream media reporting another major incident or breach. It’s become commonplace to hear that millions of private records have been disclosed or a major ransomware attack has occurred.

Let’s look at some of the trends and recommendations covered in the Verizon report.

Use of Malware Continues to Rise

Cybercriminals continue to use malware to wreak havoc: the use of malware increased from 33 percent to 51 percent of all threats containing or using some form of malware in 2016 – this is a 55 percent year over year (YoY) growth. Today’s malware is more toxic than in previous years, with new variants like those generated by Cerber morphing as often as every 15 seconds, making it difficult for signature-based defenses to keep up.  

The use of preventative prediction to stop malware is becoming one of the only mechanisms to prevent both known and unknown attacks before they are ever developed. Cylance calls this the Temporal Predictive Advantage, which is a measurement of how far in advance artificial intelligence (AI) models are able to predict malware and autonomously prevent it.

Stolen Credentials Are Becoming a Hot Commodity

Over a billion credential sets were stolen in 2016 – more than three times greater than the previous high-water mark in 2013. The percentage of hacking-related breaches involving the misuse of stolen or weak credentials has now reached 81 percent. The finance and healthcare industries are particularly prone to damage and (Read more...)

This is a Security Bloggers Network syndicated blog post authored by Ed Metcalf. Read the original post at: Cylance Blog