Story image

8 million malware detections in NZ so far, according to new report

12 Sep 2017

More than 8 million malware detections in New Zealand were recorded by Trend Micro in the first half of this year, according to the company’s newly-released 2017 Midyear Security Roundup: The Cost of Compromise report.

Asia Pacific has been a heavy target for total attacks in the first half of this year. Out of 82 million ransomware attacks worldwide, 33.8% of those attacks targeted APAC.

New Zealand was also exposed to more than 2 million malicious URLs, the report says.

Businesses should keep a close eye on business email compromise (BEC) attacks, the report says. Statistics from the US FBI put the total global losses attributed to BEC scams since 2013 have topped US$5.3 billion.

BEC attacks attempt to convince or impersonate high-level executives in order to steal money or information. This year, top job title targets were CEO (41.8%), managing director/director (28.3%) and president (6.9%).

“The first half of 2017 undeniably saw cyberattacks becoming more diverse and sophisticated, with as many as 28 new ransomware families identified each month. Although businesses are more aware of the economic and reputational impact, cybercriminals are continuously evolving to outsmart enterprise,” comments Dr. Jon Oliver, senior security architect at Trend Micro.

Oliver says that evidence still points to vulnerabilities in IoT devices, such as routers. He says the WannaCry attacks demonstrate those vulnerabilities, as they affected speed cameras and red light cameras.

A recent analyst report by Forrester found that enterprises are still not investing enough in security.

 “Enterprises need to prioritise funds for effective security upfront, as the cost of a breach is frequently more than a company’s budget can sustain,” comments Trend Micro CIO Max Cheng.

The report also highlighted that while there were 382 new vulnerabilities discovered in the first half of 2017, however the existing EternalBlue exploit took advantage of one major vulnerability (CVE-2017-0144), which spurred the WannaCry ransomware.

The report found that most spam emails detected by Trend Micro contained malware.

Amongst the top five file types for spam attachments, .PDF files topped the list at 28.7 million worldwide, followed by .XLS (12.1 million), .JS (8.5 million), .WSF (5.1 million), and .DOCX (4.8 million.)

“Major cyberattacks against enterprises globally have continued to be a hot-button topic this year, and this trend is likely to continue through the remainder of 2017. It’s integral to the continued success of organisations to stop thinking of digital security as merely protecting information, but instead as an investment in the company’s future, brand and reputation,” Cheng concludes.

Kiwis know security is important, but they're not doing much about it
Only 49% of respondents use antivirus software and even fewer – just 19% -  change their passwords regularly.
Avi Networks: Using visibility to build trust
Visibility, also referred to as observability, is a core tenet of modern application architectures for basic operation, not just for security.
Privacy: The real cost of “free” mobile apps
Sales of location targeted advertising, based on location data provided by apps, is set to reach $30 billion by 2020.
Myth-busting assumptions about identity governance - SailPoint
The identity governance space has evolved and matured over the past 10 years, changing with the world around it.
Forrester names Crowdstrike leader in incident response
The report provides an in-depth evaluation of the top 15 IR service providers across 11 criteria.
Slack doubles down on enterprise key management
EKM adds an extra layer of protection so customers can share conversations, files, and data while still meeting their own risk mitigation requirements.
Security professionals want to return fire – Venafi
Seventy-two percent of professionals surveyed believe nation-states have the right to ‘hack back’ cybercriminals.
Alcatraz AI to replace corporate badges with AI security
The Palo Alto-based startup supposedly leverages facial recognition, 3D sensing, and machine learning to enable secure access control.