Feeds

Phishers switch focus to targeted attacks, warns Cisco

Looking for the higher-value victim

SANS - Survey on application security programs

Cybercrims are switching tactics from traditional email-based mass security threats to lower volume targeted attacks, according to a report by Cisco Security Intelligence Operations.

A survey of more than 360 IT bods across 50 organisations found that in the past year the cost of email-based hacks - financial, stolen credentials, remediation - fell from $1bn to $300m but but scam and malicious attacks grew from $50m to $200m.

"The business activity caused by highly-personalised targeted attacks is growing rapidly, tripling in the last year," stated the report.

A number of high profile victims include RSA, Google and Sony,

Proliferation was compounded by the shift toward mobility, uncontrolled endpoints and IT policies focusing on identifying classic threats in messages or malicious downloads.

Spam message volumes fell by 80% from 300 billion to 40 billon a day as law enforcement agencies, along with security and IT industry firms worked together to "shut down or limit the largest spam-sending botnets and their associates".

Targeted attacks, which typically use some form of malware, are aimed at a specific user or user group - customers of a bank - containing high levels of personal info gleaned from dossiers collated on social networking sites, press releases or company correspondence.

"[These] are difficult to protect against and have the potential to deliver the most negative impact to victims," said the report, adding that the value per victim is roughly 40 times higher than a mass security attack.

"Spearphishing attack campaigns are limited in volume but offer higher user open and click through rates. With these constraints, cybercriminals are increasingly focusing on business users with access to corporate banking accounts to make sure they're seeing a sufficient return per infection." it added.

The cost to organisations not limited to financials or remediation of injected hosts but to the brand reputation of the victim.

"With the number of targeted attacks expected to increase cybercriminal activity will continue to evolve, as will its impact," the report concluded. ®

High performance access to file storage

More from The Register

next story
Parent gabfest Mumsnet hit by SSL bug: My heart bleeds, grins hacker
Natter-board tells middle-class Britain to purée its passwords
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Mounties always get their man: Heartbleed 'hacker', 19, CUFFED
Canadian teen accused of raiding tax computers using OpenSSL bug
Web data BLEEDOUT: Users to feel the pain as Heartbleed bug revealed
Vendors and ISPs have work to do updating firmware - if it's possible to fix this
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.