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Users and enterprises can stay resilient against these digital extortion attempts by employing effective web and email gateway solutions as a first line of defense. Moreover, we expect GDPR to be used as a social engineering tactic in the same way that copyright violations and police warnings were used in past FAKEAV and ransomware campaigns. This will drive an increase in breach attempts and ransom demands. Companies will have ransom prices associated with them that cybercriminals can determine by taking publicly available financial details and working out the respective maximum GDPR fines the companies could face. Cybercriminals could target private data covered by the regulation and ask companies to pay an extortion fee rather than risk punitive fines of up to 4 percent of their annual turnover. We already saw this in the fallout from the massive WannaCry and Petya outbreaks, and it won’t be long until it becomes the intended impact of the threat.Įxtortion will also come into play when GDPR gets imposed. They will also go for the bigger buck by targeting a single organization, possibly in an Industrial Internet of Things (IIoT) environment, for a ransomware attack that will disrupt the operations and affect the production line. Attackers will continue to rely on phishing campaigns where emails with ransomware payload are delivered en masse to ensure a percentage of affected users. The current success of ransomware campaigns - especially their extortion element - will prompt cybercriminals looking to make generous profits out of targeting populations that will yield the most return possible. Emulating this behavior of FAKEAV, ransomware took the stage from then on.

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Then, the breed of threats went out to disguise themselves as anti-malware solutions ( FAKEAV), whereby users were duped into downloading the software and paying up to regain access to the victimized computers. The early online threats were heavy on infostealers and malware that hijacked banking transactions to steal private information. If the evolution of cybercriminal tactics over the years is any indication, cybercriminals are now going straight for the money instead of tricking users into giving up their credentials. Ransomware maturity as a catalyst for digital extortion campaigns With ransomware-as-a-service (RaaS) still being offered in underground forums, along with bitcoin as a secure method to collect ransom, cybercriminals are being all the more drawn to the business model. Cybercriminals have been resorting to using compelling data as a weapon for coercing victims into paying up. On the contrary, it can only be anticipated to make further rounds in 2018, even as other types of digital extortion become more prevalent. We do not expect ransomware to go away anytime soon. True enough, the year unfolded with incidents such as WannaCry and Petya’s rapidly propagated network attacks, Locky and FakeGlobe’s widespread spam run, and Bad Rabbit’s watering hole attacks against Eastern European countries.

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Read on to find out how to make informed decisions with regard to the security focus areas that will figure prominently in 2018.įor 2017, we predicted that cybercriminals would diversify ransomware into other attack methods. Trend Micro has looked into the current and emerging threats, as well as the security approaches tailored for the landscape. As environments become increasingly interconnected and complex, threats are redefining how we should look at security. As such, they will serve as further proof that the days of threats being addressed with traditional security solutions are behind us. These are the threats that will make inroads in the 2018 landscape. Not only will enterprises be riddled with vulnerabilities, but loopholes in internal processes will also be abused for production sabotage. Companies will face the challenge of keeping up with the directives of the General Data Protection Regulation (GDPR) in time for its enforcement. Machine learning and blockchain applications will pose both promises and pitfalls. The age of fake news and cyberpropaganda will persist with old-style cybercriminal techniques. Business Email Compromise scams will ensnare more organizations to fork over their money. Vulnerabilities in IoT devices will expand the attack surface as devices get further woven into the fabric of smart environments everywhere. In 2018, digital extortion will be at the core of most cybercriminals’ business model and will propel them into other schemes that will get their hands on potentially hefty payouts.

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Download Paradigm Shifts: Security Predictions for 2018