Symantec: "Email Becomes the Weapon of Choice"

Stu Sjouwerman | May 29, 2017

Email_Weapon_Of_Choice_Symantec_ISTR.pngSymantec's 2017 Internet Security Threat Report (ISTR) details how simple tactics and innovative cyber criminals led to unprecedented outcomes in global threat activity. This report covers a lot of areas like international bank heists, disrupted elections, and state-sponsored attacks. However, one thing stood out and that is the following paragraph:

Email Becomes the Weapon of Choice

Email posed a dangerous and efficient threat to users: one in 131 emails contained malware, the highest rate in five years.  And Business Email Compromise (BEC) scams, relying on spear-phishing emails, targeted over 400 businesses every day, draining $3 billion over the last three years.

A combination of PowerShell, a common scripting language installed on PCs, and Microsoft Office files was an effective weapon. Cyber criminals used the two to leave a lighter footprint and hide in plain sight. Last year, 95 percent of PowerShell files seen by Symantec in the wild were malicious.

Which was followed by:

USA is an Easy Mark for Ransomware Scammers

64 percent of Americans cave in to digital extortion

Ransomware escalated across the globe as a profit center for criminals. Symantec identified 100 new malware families released into the wild, more than triple the amount seen previously, and a 36 percent increase in ransomware attacks worldwide.

The United States was the biggest – and softest – target. Symantec found 64 percent of Americans are willing to pay a ransom, compared to 34 percent globally. And the average ransom spiked 266 percent, with criminals demanding an average of $1,077 per victim.

I suggest you grab a copy of this report. It is excellent ammo if you need to get more IT security budget:

https://www.symantec.com/security-center/threat-report

 

 

Topics: Ransomware

Secure the Digital Workforce: Human + AI

KnowBe4 empowers the human and AI workforce to make safer security decisions every day. Trusted by over 70,000 organizations worldwide, we help strengthen security culture and manage risk. Our comprehensive AI-driven platform includes awareness and compliance training, cloud email security, real-time coaching, crowdsourced anti-phishing, AI Defense Agents, agent security and more. As the only global security platform of its kind, KnowBe4 provides personalized content, tools, and techniques to keep the modern workforce safe from phishing, vishing, deepfakes, and emerging threats.

Get the latest insights, trends and security news. Subscribe to CyberheistNews.