The report by McAfee also found that the cybercriminal underworld is generating 480 new malware threats per minute.
The McAfee Labs Threats Report: December 2018 found that the prevalence of cryptomining and IoT malware has not decreased. In fact, both rose over 70% in Q3 2018. Cybercriminals currently generate nearly 500 new security threats a minute. IoT malware rose 73% and cryptocurrency mining malware rose 71% despite the fact that many of the most popular cryptocurrency values have declined.
The takedowns of dark markets Hansa and Alpha have had a rippling effect on the cybercrime world as cybercriminals find alternative places to evade detection and law enforcement.
“Cybercriminals are eager to weaponize vulnerabilities both new and old, and the number of services now available on underground markets have dramatically increased their effectiveness,” said Christiaan Beek, lead scientist at McAfee, in a statement. “As long as ransoms are paid and relatively easy attacks, such as phishing campaigns, are successful, bad actors will continue to use these techniques. Following up-and-coming trends on the underground markets and hidden forums allow the cybersecurity community to defend against current attacks and stay a step ahead of those in our future.”
Other Key Findings
- Botnets continue to pump out “sextortion” spam designed to scare people into paying ransoms to prevent the revelation of browser habits.
- Mobile malware has declined by 24%.
- Within the financial sector, data breaches have risen 20% and ransomware by 10%.
- IoT malware increased 203%.
- Cryptocurrency malware grew 55%.
- Publicly disclosed security incidents fell 12% from Q2 2018.
- Public sector incidents fell 2% and education sector incidents fell by 14%.
- Total malware, however, grew a stunning 4,467%.