This marks the fourth edition of the Modern Bank Heists report, which annually takes the pulse of some of the financial industry’s top CISOs and security leaders. Thank you, again, for reading along, and thank you to the 126 security leaders who participated in this year’s study. 48 percent of the financial institutions (FIs) are […]
Modern Bank Heists 4.0 Read More »
Cybercriminals have always been opportunists, and the 2020 COVID-19 pandemic offered more proof of this than perhaps any other event before it. Threat actors are becoming more powerful, more aggressive and more numerous, increasingly abandoning the tendency to look for the biggest quarry in favor of attacking the least defended. And 2020 was rife with
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Foreword In January 2016, a new financially motivated threat actor group made its debut. Dubbed FIN8, this group is known to have used a diverse array of techniques, from spear-phishing to zero-day exploits in Windows, to infect retail, hospitality and entertainment companies and steal payment card data from POS systems. The FIN8 group uses, among
FIN8 Returns with Improved BADHATCH Toolkit Read More »
UNPRECEDENTED GLOBAL CHANGE CREATES NEW OPPORTUNITIES FOR CYBERCRIMINALS During a year of irrevocable change, cybercriminals have remained consistent. Looking for new opportunities, isolating targets that will deliver the most lucrative gains, and heaping additional pressure on global businesses that were forced to adapt and evolve in the face of unprecedented demand. Several new lines of
The new cybercrime landscape Read More »
INTRODUCTION THE SECURITY IMPLICATIONS OF A CONNECTED WORLD To go forward sometimes we need to look back in time. In 2017, the NotPetya cyberattack temporarily crippled the shipping industry and many global organizations. It also revealed the depth of interdependence between global information systems. The attack started from a single stack of servers responsible for
Lessons Learned Investigating SUNBURST Software Supply Chain Attack Read More »
Foreword Welcome to the Q4 2020 issue of the ESET Threat Report! 2020 was many things (“typical” not being one of them), and it sure feels good to be writing about it in the past tense. As if really trying to prove a point, the pandemic picked up new steam in the last quarter, bringing
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As their speedy exploitation of fears around the COVID-19 pandemic show, cybercriminals adapt quickly to current events and new tactics. This in-depth report takes a look at the evolving trends in spear-phishing and the new ways attackers are tricking their victims Key findings 12% of spear-phishing attacks are BEC attacksBusiness email compromise (BEC) makes up
Executive Summary Since 2018, we estimated that the cost of global cybercrime reached over $1 trillion. We estimated the monetary loss from cybercrime at approximately $945 billion. Added to this was global spending on cybersecurity, which was expected to exceed $145 billion in 2020. Today, this is $1 trillion dollar drag on the global economy.
The Hidden Costs of Cybercrime Read More »
An Irresistible Business Model Once thought to be on the decline, successful ransomware attacks against all types of companies and organisations have dotted the headlines in the last two years. In 2019, the FBI’s Internet Crime Complaint Center (IC3) received more than 2000 ransomware complaints, accounting for US$8.9 million in losses. We expect these numbers
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Eectiveness of Phishing, Training & Understanding the Human Response Executive Summary Utilizing security awareness training and phishing security tests can be a useful and e ective tool to reduce unintentional insider threats. However, if robust metrics are not put in place to e ectively gauge the click rate patterns from a human landscape perspective, phishing tests can
The Phishing Breakthrough Point Read More »
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