Ransomware and malicious applications The growth in the number of ransomware is directly related to the growing popularity of cryptocurrencies. It is quite easy to request an instant payment with a ransom demand in bitcoins – criminals no longer need to organize a secret meeting to transfer cash in exchange for stolen data. The attack of ransomware is almost the only problem that prevents CISO and employees of information security departments from sleeping at night. Malicious applications are becoming more and more dangerous because they can be used to collect secret keys, personal data or other confidential information about the company. The goal of cybercriminals is to force users to click on pop–ups on the site with the promise of fictitious earnings in cryptocurrency. To prevent criminals from gaining access to confidential data, it is important to implement a Zero Trust strategy. The zero-trust model is based on the principle: “Never trust, always check.” It is applied by granting permissions to users, devices, applications or services only after they have been properly verified. Cyberattack No. 2. Cloud mining of cryptocurrencies Another current trend is the increase in the number of exploits aimed at cloud resources, in particular processor power, for cryptocurrency mining. Trend Micro estimates that the cost of an attack on the cloud for cryptocurrency mining can be $130 per month for one machine. Due to the possibility of instant deployment of programs and the fact that most enterprises rely on several cloud services, companies may face a huge jump in resource consumption and associated additional costs if such malicious use goes unnoticed. Any firm that identifies illegal mining of cryptocurrencies using its resources should take this as a warning that their cloud infrastructure is vulnerable to other types of attacks. Continuous monitoring and visibility are extremely important to ensure effective protection of the cloud infrastructure and its compliance with all requirements. Monitoring of the entire cloud infrastructure in real time Automatic verification of compliance with recommendations for configuring cloud infrastructure Continuous checks for compliance with standards Reporting Step-by-step instructions for fixing vulnerabilities Visibility and monitoring in combination allow you to automate proactive prevention of vulnerabilities and help ensure the security of cloud infrastructure. Cyberattack No. 3. Cryptocurrency Fraud
The thriving cryptocurrency industry itself provides many opportunities for cybercriminals.
This has caused a huge number of cybercrimes. Earlier this year, Trend Micro discovered 249 fake applications for creating cryptocurrency wallets on Android and iOS. They were used to steal more than 4.3 million US dollars. The important fact here is that transactions with cryptocurrencies are irreversible. Businesses need to be proactive in dealing with these types of threats to prevent cyber-extortion. Email security is especially important because it is the most vulnerable place for this kind of attacks. In a recent report on application security threats from Trend Micro, there is evidence that 74.1% of all threats are related to email, while compromising business email (BEC) is among the main incidents leading to business losses. In addition, the FBI reports $2.4 billion in losses from business email hacking complaints in 2021. Since none of these attacks involve malicious links or attachments, scammers can easily bypass traditional security tools. Training, culture and workflow optimization combined with multi-level messaging security technology, which uses the latest means of protection against cyber threats, such as artificial intelligence, machine learning and behavioral analysis in a single dashboard, will help mitigate the consequences of an attack.