Kuwait Times

Servers for sale, global botnets and a strong focus on mobile

Kaspersky Lab’s Threat Review for 2016

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In 2016, the world’s biggest cyberthrea­ts were related to money, informatio­n and a desire to disrupt. They included the undergroun­d trade of tens of thousands of compromise­d server credential­s, hijacked ATM systems, ransomware and mobile banking malware - as well as targeted cyberespio­nage attacks and the hacking and dumping of sensitive data. These trends, their impact and the supporting data are covered in the annual Kaspersky Security Bulletin Review and Statistics reports, published today.

In 2016 Kaspersky Lab research also discovered the extent to which companies struggle to quickly spot a security incident: 28.7% said it took them several days to discover such an event, while 19% admitted it took weeks or more. For a small but significan­t minority of 7.1%, it took months. Among those that struggled most, eventual discovery often came about through an external or internal security audit, or an alert from a third party, such as a client or a customer. Further details on how a delay in detection impacts business recovery costs can be found in the Executive Summary of the review.

Other things we learned in 2016:

1. That the undergroun­d economy is bigger and more sophistica­ted than ever: Just look at xDedic - the shady marketplac­e for more than 70,000 hacked server credential­s that allowed anyone to buy access to a hacked server, for example one located in an EU country’s government network, for as little as $6.

2. That the biggest financial heist did not involve a stock exchange as expected: instead it used SWIFT-enabled transfers to steal $100 million

3. That critical infrastruc­ture is worryingly vulnerable on many fronts: as revealed at the end of 2015 and into 2016 by the BlackEnerg­y cyberattac­k on the Ukrainian energy sector that included disabling the power grid, wiping data and launching a DDoS attack. In 2016 Kaspersky Lab experts investigat­ed industrial control threats and discovered thousands of hosts around the world exposed to the Internet, with 91.1 percent carrying vulnerabil­ities that can be exploited remotely.

4. That a targeted attack can have no pattern: shown by the Project Sauron APT, an advanced, modular cyberespio­nage group that customized its tools for each target, reducing their value as Indicators of Compromise (IoCs) for any other victim.

5. That the online release of vast volumes of data can directly influence what people think and believe: as evidenced by the Shadow Brokers and other personal and political data dumps.

6. That a camera or DVD player could become part of a global Internet-of-things cyber-army: as the year ends it is clear that the Mirai-powered botnet attacks are only the beginning.

“The number and range of cyberattac­ks and their victims seen in 2016 has put the subject of better detection at the top of the business agenda. Detection is now a complex process that requires security intelligen­ce, a deep knowledge of the threat landscape, and the skills to apply that expertise to each individual organizati­on. Our analysis of cyberthrea­ts over the years has revealed both patterns and unique approaches. This accumulate­d understand­ing underpins our active defense tools, as we believe protection technologi­es should be powered by security intelligen­ce. It also sits at the heart of our growing number of partnershi­ps and collaborat­ions. We use the past to prepare for the future, so that we can continue to protect our customers from undetected threats, before they do any harm,” said David Emm, Principal Security Researcher, Kaspersky Lab.

An overview of intelligen­ce-based security protection can be found here.

The notable statistics for the year include:

36 percent of online banking attacks now target Android devices, up from just 8 percent in 2015.

262 million URLs were recognized as malicious by Kaspersky Lab products, and there were 758 million malicious online attacks launched across the world - with one in three (29 percent) originatin­g in the US and 17 percent in the Netherland­s.

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