The cybercrime economy is one of the runaway success stories of the 21st century — at least, for those who participate in it. Estimates claim it could be worth over $1trillion annually, more than the GDP of many countries. Part of that success is due to its ability to evolve and shift as the threat landscape changes. Trend Micro has been profiling the underground cybercrime community for several years. And over the past five, we’ve seen a major shift to new platforms, communications channels, products and services, as trust on the dark web erodes and new market demands emerge.
Unfortunately, we expect the current pandemic to create yet another evolution, as cyber-criminals look to take advantage of new ways of working and systemic vulnerabilities.
Did you know it’s Safer Internet Day today? The global awareness-raising event plays an important role in promoting mutual respect online and the responsible use of technology. The latest research released to coincide with the event highlights perfectly the light and shade of the internet world. Some 40% of 8-17-year-olds said they’ve felt worried or anxious online in the past week, but on the other hand, 83% said they’ve experienced kindness on the internet over the past year.
At Trend Micro, we’re busy all week with a range of activities designed to promote the positive, while raising awareness of the dangers facing young people online. Continue reading →
The past 12 months have been packed with geopolitical incident, global malware threats and ubiquitous big-name data breaches. From the CIA Vault7 and NSA Shadow Brokers leaks at the start of the year, to the WannaCry and NotPetya ‘ransomware’ campaigns, and Uber’s shock revelations just last month, there’s been plenty for UK CISOs to ruminate on. But now the year is nearly at an end, it might be useful to recap some of the biggest themes of 2017 — with an eye on fortifying systems for the 12 months to come. Continue reading →
Over the past 28 years, Trend Micro has led the industry in trying to better understand those who seek to do us and our customers harm. After all, how can we begin to build effective threat prevention if we don’t know what we’re trying to protect against? The latest of our in-depth reports into regional cybercrime underground markets focuses on the Middle East North Africa (MENA) region, and reveals some surprising findings. This is a cybercrime underground united in its goals with members keen to share and help each other; making it particularly dangerous for targets in the West.
That’s bad news for all of us as local MENA players move beyond DDoS and web defacement activity to more nefarious attacks. Against this backdrop, layered security becomes an essential mitigation strategy. Continue reading →