Crimeware Risk Underestimated, Chronicle Finds

guest · Sep 5, 2019

Crimeware Risk Underestimated, Chronicle Finds
September 5, 2019
https://www.securityweek.com/crimeware-risk-underestimated-chronicle-finds

Analysis of malware samples submitted to Chronicle’s VirusTotal service between January 2013 and December 2018 has revealed not only a consistent and continuous evolution of financially motivated threat actors’ toolsets, but also a decrease in the efficiency of countermeasures.
This decrease, Chronicle says, arises from a misconception around the severity of risk from crimeware.

Increasing steadily, crimeware has “desensitized security teams,” resulting in a fatigue that in itself is a threat to organizations and which also adds to the impact crimeware has on businesses. Over time, attacks were optimized for volume and speed, increasing sophistication and targeting towards more lucrative potential victims.
The efficiency of countermeasures, on the other hand, has decreased steadily, as the attackers’ ability to adapt outpaces the ability of traditional law enforcement to find and prosecute criminals.

“As threat groups increased attack sophistication, organized criminal groups that initially targeted consumers switched to deploying new tactics to compromise corporate victims,” the report also notes.
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Chronicle: Paper and Links to Crimeware in the Modern Era

The report details the emergence and growth of banking trojans, ransomware, infostealers and cryptomining malware, the impact of a wide variety of crimeware including: GameOver Zeus, Cryptolocker, Dridex, Dyre, Trickbot, Ramnit, and attacks including the targeted attacks on the SWIFT messaging network, the Mirai botnet, the WannaCry ransomware outbreak, and others.
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