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Check Point Reveals 37% of Organizations Hit by Cryptomining in 2018

Check Point Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber security solutions globally.....

BANGKOK, Thailand, January 22 – Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber security solutions globally, has published the first installment of its 2019 Security Report.

It highlights the main tactics cyber-criminals are using to attack organizations worldwide across all industries, and gives cyber security professionals and C-Level executives the information they need to protect their organizations from today’s fifth-generation cyber-attacks and threats.

The first installment of the 2019 Security Report reveals the key malware trends and techniques observed by Check Point researchers during the past year.

Highlights include:

Cryptominers dominated the malware landscape: Cryptominers occupied the top four most prevalent malware types and impacted 37% of organizations globally in 2018. Despite a fall in the value of all cryptocurrencies, 20% of companies continue to be hit by cryptomining attacks every week. Cryptominers have also highly evolved recently to exploit high profile vulnerabilities and to evade sandboxes and security products in order to expand their infection rates.

Mobiles are a moving target: 33% of organizations worldwide were hit by mobile malware, with the leading three malware types targeting the Android OS. 2018 saw several cases where mobile malware was pre-installed on devices, and apps available from app stores that were actually malware in disguise.

Multi-purpose botnets launch range of attacks: Bots were the third most common malware type, with 18% of organizations hit by bots which are used to launch DDoS attacks and spread other malware. Bot infections were instrumental in nearly half (49%) of organizations experiencing a DDoS attack in 2018.Ransomware logo - Science and Digital NewsRansomware attacks in decline: 2018 saw ransomware usage fall sharply, impacting just 4% of organizations globally.

“From the meteoric rise in cryptomining to massive data breaches and DDoS attacks, there was no shortage of cyber-disruption caused to global organizations over the past year. Threat actors have a wide range of options available to target and extract revenues from organizations in any sector, and the first installment of the 2019 Security Report highlights the increasingly stealthy approaches they are currently using,” said Peter Alexander, chief marketing officer of Check Point Software Technologies.

“These multi-vector, fast-moving, large-scale Gen V attacks are becoming more and more frequent, and organizations need to adopt a multi-layered cybersecurity strategy that prevents these attacks from taking hold of their networks and data. The 2019 Security Report offers knowledge, insights and recommendations on how to prevent these attacks.”

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 threat landscape. (Check Point)

Hello, Cyber World! A journalist's passion for news, which for me is every and any kind of news, but specially on Science, Technology, Innovation, Digital, and Current News, or just about anything under Heaven, birthed this news platform. Disclosure: I am not a scientist nor an expert on anything Science, and not a techie either; just some journalist who loves and care to bring the good news and share them to everyone out there. It is a big, big physical world out there, but the Industrial Revolution 4.0, the Internet in the Digital Age, has shrunk Earth into one small virtual community. Each human being a "neighbor" to everyone in the Philippines and in any point of the compass. Whatever you may see or think could be my and this site's shortcoming, my apologies. So, there, please join me in my journey in cyberspace! Be home, be safe, be mindful of your neighbors, of the Creator! Thanks so much.

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