DigitalCIO
No Result
View All Result
  • Home
  • Tech News
  • Market Insights
  • CIO Interviews
  • Events and Conferences
  • Opinion and Analysis
  • Resources
DigitalCIO
  • Home
  • Tech News
  • Market Insights
  • CIO Interviews
  • Events and Conferences
  • Opinion and Analysis
  • Resources
No Result
View All Result
Digitalcio
No Result
View All Result
Home Archive

Cryptominers Hit 10x More Organizations Than Ransomware in 2018

DigitalCIO Bureau by DigitalCIO Bureau
February 11, 2019
in Archive
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Cryptominers Hit 10x More Organizations Than Ransomware in 2018, But Only 1 in 5 IT Pros Aware of Infections, Shows Check Point’s 2019 Security Report

Second installment of Security Report highlights the democratization of cyber-crime through malware-as-a-service, and the biggest cyber-threats perceived by organizations

Check Point Software Technologies Ltd. has published the second installment of its 2019 Security Report. It highlights how the tools and services used to commit cyber-crime have become democratized, with advanced attack methods now available to anyone willing to pay for them, as part of the growing ‘malware-as-a-service’ industry.

The second installment of the 2019 Security Report reveals the key cyber-attack trends observed by Check Point researchers during 2018, and shows the significant growth in stealthy, complex attacks designed to stay below the radar of enterprise security teams. It also shows the types of cyber attacks which enterprise IT and security teams rate as the biggest threats to their organizations. Highlights include:

* Cryptominers digging undetected on networks: cryptominers infected 10x more organizations than ransomware in 2018, but only one in five IT security professionals were aware their company’s networks had been infected by mining malware. 37% of organizations globally were hit by cryptominers in 2018, and 20% of companies continue to be hit every week despite an 80% fall in cryptocurrency values.

* Threat risk of cryptominers underrated by organizations: when asked what they rated as the biggest threats to their organization, just 16% stated cryptomining, compared with DDoS attacks (34%), data breaches (53%), ransomware (54%) and phishing (66%). This is concerning, as cryptominers can easily act as stealth backdoors to download and launch other types of malware.

* Malware-as-a-service rises: the GandCrab Ransomware-as-a-Service affiliate program shows how amateurs can now profit from the ransomware extortion business as well. Users keep up to 60% of the ransoms collected from victims, and its developers keep up to 40%. GandCrab has over 80 active affiliates, and within two months in 2018 had infected over 50,000 victims and claimed between $300,000 and $600,000 in ransoms.

“The second installment of our 2019 Security Report shows how cyber-criminals are successfully exploring stealthy new approaches and business models, such as malware affiliate programs, to maximize their illegal revenues while reducing their risk of detection. But out-of-sight shouldn’t mean out-of-mind: even though cyber attacks during 2018 have been lower-profile, they are still damaging and dangerous,” said Peter Alexander, Chief Marketing Officer of Check Point Software Technologies. “By reviewing and highlighting these developments in the Report, organizations can get a better understanding of the threats they face, and how they prevent them impacting on their business.”

Check Point’s 2019 Security Report is based on data from Check Point’s ThreatCloud intelligence, the largest collaborative network for fighting cybercrime which delivers threat data and attack trends from a global network of threat sensors; from Check Point’s research investigations over the last 12 months; and on a brand new survey of IT professionals and C-level executives that assesses their preparedness for today’s threats. The report examines the latest emerging threats against various industry sectors, and gives a comprehensive overview of the trends observed in the malware landscape, in emerging data breach vectors, and in nation-state cyber-attacks. It also includes expert analysis from Check Point’s thought leaders, to help organizations understand and prepare themselves for today’s and tomorrow’s complex fifth-generation cyber-attacks and threats.

Share30Tweet19
DigitalCIO Bureau

DigitalCIO Bureau

Recommended For You

Pax8 Introduces Era of Managed Intelligence

by DigitalCIO Bureau
June 19, 2025
0
Pax8 Introduces Era of Managed Intelligence

Pax8 has released its inaugural research report, The Agentic Inflection Point: And the Rise of the Managed Intelligence Provider. The comprehensive study defines the future of small-to-midsized business (SMB) operations, transformed...

Read moreDetails

Barracuda Unveils AI-Powered Cybersecurity Platform BarracudaONE in India

by DigitalCIO Bureau
June 3, 2025
0

Barracuda Networks has unveiled the BarracudaONE AI-powered cybersecurity platform. BarracudaONE maximizes threat protection and cyber resilience by unifying layered security defenses and providing deep, intelligent threat detection and response for...

Read moreDetails

Check Point Acquires Veriti To Minimize Digital Vulnerabilities

by DigitalCIO Bureau
May 28, 2025
0
Check Point Acquires Veriti To Minimize Digital Vulnerabilities

Check Point Software Technologies has announced a definitive agreement to acquire Veriti Cybersecurity, the first fully automated, multi-vendor pre-emptive threat exposure and mitigation platform. “The acquisition of Veriti...

Read moreDetails

Vats Srivatsan named Interim CEO of WatchGuard Technologies

by DigitalCIO Bureau
May 8, 2025
0
Vats Srivatsan named Interim CEO of WatchGuard Technologies

WatchGuard Technologies Chief Executive Officer (CEO) Prakash Panjwani will transition out of his operational role, continuing to serve on the Board of Directors and as a strategic advisor...

Read moreDetails

Google 2024 Ads Safety Report: AI plays key role in safer advertising ecosystem

by DigitalCIO Bureau
April 19, 2025
0
Google 2024 Ads Safety Report: AI plays key role in safer advertising ecosystem

Google has released its 2024 Ads Safety Report, demonstrating how it is using advanced AI technology to create a safe and responsible advertising ecosystem. A notable finding from...

Read moreDetails
Next Post

Fortinet Secures the Path to 5G at Mobile World Congress 2019

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Infosys to help Siemens Gamesa Renewable Energy digitalise its IT landscape

November 4, 2019
3i Infotech appoints Raj Ahuja as CEO

3i Infotech appoints Raj Ahuja as CEO

August 28, 2024
3i Infotech Partners with Databricks

McDonald’s Corporation and Accenture Expand Partnership to Accelerate Technology Adoption and Reinvent Customer and Crew Experiences

December 21, 2023

Browse by Category

  • Acquisition
  • Appointment
  • Archive
  • Artificial Intelligence
  • CIO Interviews
  • Cloud
  • Datacenter
  • Events and Conferences
  • Market Insights
  • News
  • Opinion and Analysis
  • Products
  • Resources
  • Security
  • Storage
  • Tech News
  • Telecom
Digitalcio

Welcome to DigitalCIO, your ultimate source for staying ahead in the ever-evolving world of technology and business.

BROWSE BY TAG

Acquisition AI Appointment artificial intelligence Artificial Intelligence and Machine Learning AWS Big Data and Analytics Blockchain CISCO Cloud Computing Cloudflare Commvault CrowdStrike Cybersecurity Dell Technologies Digital Transformation Dynatrace E-books Fortinet Gartner GenAI Generative AI Google Cloud HCLTech Honeywell IBM Infographics Internet of Things (IoT) Kaspersky Microsoft Netskope NTT DATA Palo Alto Networks Panel Discussion Qlik Salesforce ServiceNow Sophos Tenable Veeam Veeam Software Vertiv Webinars Whitepaper Zscaler

CATEGORIES

  • Tech News
  • Market Insights
  • CIO Interviews
  • Events and Conferences
  • Opinion and Analysis
  • Resources
  • Archive

NAVIGATION

  • Home
  • About Us
  • Advertise with Us
  • Contact Us

© 2024 digitalcio.in - All rights reserved.

No Result
View All Result
  • Home
  • Tech News
  • Market Insights
  • CIO Interviews
  • Events and Conferences
  • Opinion and Analysis
  • Resources

© 2024 digitalcio.in - All rights reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?