Digital Identity Blog

Thought leadership for cybersecurity, fraud and digital channel professionals

What Do You Get When You Mix Malware with More People than Ever Doing E-commerce Online Transactions? 28.4 Million Cyberattacks.

By ThreatMetrix
ThreatMetrix®, The Digital Identity Company®, is the market-leading cloud solution for authenticating digital personas and transactions on the Internet. Verifying more than 20 billion annual transactions supporting 30,000 websites and 4,000 customers globally through the ThreatMetrix Digital Identity Network®, ThreatMetrix secures businesses and end users against account takeover, payment fraud and fraudulent account registrations resulting from malware and data breaches.
Follow ThreatMetrix ThreatMetrix's Most Recent Posts:

A new study, “Financial Cyber Threats in 2013,” from Kaspersky Lab says cyberattacks using financial malware increased 27.6 percent in 2013 over the previous year.

Cybercriminals used every possible maltechnology (yes we just coined the word) including banking Trojans, keyloggers and two new types of malware; one targets Bitcoin wallets, the other downloads software to generate the crypto-currency.

Kaspersky Lab senior security researcher, Sergey Lozhkin, said, “The popularity of banking Trojans and other programs targeting financial data is due to the fact cybercriminals can use them to make money quickly. The current situation has forced users and financial institutions to take active measures against online threats, while security software vendors have to develop new protection solutions.”

Banking Trojans such as Zbot, Carberp, and SpyEye were responsible for about two-thirds of financial malware in 2013. However, their “market share” decreased compared to 2012 because most of the attacks were aimed at Bitcoin users. Keylogger use also decreased because cybercriminals opted for improved specialized programs.

Compared to the previous year, financial attacks on Russian users declined by 9.19 percent while attacks on American users increased from 17.56 percent in 2012 to 30.8 percent in 2013. The proportion of attacks on German users almost doubled from 5.83 percent to 9.32 percent.

Also of note in the study:

• 31.45% of all phishing attacks in 2013 targeted financial institutions.

• 22.2% of all attacks involved fake bank websites; the share of banking phishing doubled over 2012.

• In 2013, the number of cyberattacks involving malware designed to steal financial data rose by 27.6% to 28.4 million. The number of users attacked by this financial-targeting malware reached 3.8 million, an 18.6% increase year on year.

• In the study’s malware sample collection, the number of malicious Android applications designed to steal financial data rose almost fivefold in the second half of 2013, from 265 samples in June to 1321 in December.

By ThreatMetrix Posted