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McAfee reports average consumers finally awoke to the reality of cyber crime

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McAfee put the spotlight on a rising cyber crime space, dubbed the “dark web,” in its latest quarterly threats report.

The McAfee Labs team, staffed by approximately 500 researchers across 30 countries who are also responsible for publishing the regularly scheduled report, suggested that the “growing ease of purchasing POS malware online” has significantly contributed toward the growth of these attacks as well as the dark web, where personal consumer data later turns up for sale.

Vincent Weafer, senior vice president for McAfee Labs, went further in the report, defining the fourth quarter of 2013 as a turning point in which average consumers finally awoke to the ever-present reality of cyber crime.

These cyber thefts occurred at a time when most people were focused on their holiday shopping and when the industry wanted people to feel secure and confident in their purchases. The impact of these attacks will be felt both at the kitchen table as well as the boardroom table. For security practitioners, the ‘off the shelf’ genesis of some of these crime campaigns, the scale of operations, and the ease of digitally monetizing stolen customer data all represent a coming of age for both Cybercrime-as-a-Service and the ‘dark web’ overall.

Researchers also warned about the multiplying number of digitally signed malware samples, which tripled over the course of the year to more than eight million. That’s also a 52 percent increase from the previous quarter.

The big problem here is that it causes confusion for users and administrators alike in authenticating safe software. The McAfee Labs team asserted this strand of malware is being fed by an “abuse of automated Content Distribution Networks (CDNs) that wrap malicious binaries within digitally signed, otherwise legitimate installers.”

Other forms of malware predictably continue to rise. Android malware grew by 197 percent from the end of 2012, while the number of suspect URLs jumped by 70 percent during the same time frame.

Over the course of 2013, McAfee Labs found an average of 200 new malware samples every minute, or more than three new threats every second.

Source: Associated Press

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One comment on “McAfee reports average consumers finally awoke to the reality of cyber crime

  1. StellarPhoenixS
    May 27, 2014

    Reblogged this on Stellar Phoenix Solutions.

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This entry was posted on March 10, 2014 by in Internet, Malware, Security and tagged , , , , , , , .
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