Earlier this month Cisco released their 2017 Mid-year Cybersecurity Report. Cisco has been publishing this comprehensive cybersecurity report for nearly a decade with the goal to keep security teams updated on the latest cybersecurity threats and steps they can take to improve security and cyber-resiliency. The latest report highlights the “rapid evolution of threats and the magnitude of the attacks” seen throughout the first half of this year.
Revenue generation is still the primary driving factor of cybercriminals. It is no secret that ransomware is major player in cybersecurity this year, and has become big business for cybercriminals. Ransomware is the most profitable malware in history, profiting cyber criminals over $1 billion in 2016! However, ransomware is not the only cyber threat worrying experts this year. Attackers are now aiming to not only attack, but to destroy organizations’ “safety nets” and prevent them from restoring systems and data. Cisco has coined a name for this new attack inclination – destruction of service (DeOS).
In the first half of 2017 experts have reported a trend in malware development – authors are focusing more on delivery, obfuscation and evasion. Malware adversaries are using sandbox environments for malware distribution. This prevents detection of maliciousness allowing these malicious emails to bypass automated malware detection systems. Ransomware-as-a-service platforms are also quickly growing.
The mid-year report also outlines:
Read the Cisco 2017 Midyear Cyber Security Report Executive Summary here.
Register for the free webinar 9/14 addressing the findings from the Cisco 2017 Midyear Cybersecurity Report here.
Written By: Eden Penman, LookingPoint Marketing Manager