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Cybercrime Reaches New Heights in Q3 with 1Tbps IoT DDoS

10-20-2016 04:41 PM CET | IT, New Media & Software

Press release from: Panda Security

Cybercrime isn’t slowing down anytime soon. This quarter, cybercriminals were increasingly more ingenious, using innovative technologies and new tools to spread their wares. This is confirmed by the 18 million new malware samples captured by PandaLabs in this quarter alone, an average of 200,000 each day.

The Evolution of Cybercrime
Measuring cybercrime is very complex. Cybersecurity professionals who combat these threats on a daily basis understand its mass and know that it is an industry that continues to grow and evolve. But is it really that dangerous? According to the National Crime Agency of the United Kingdom, cybercrime currently makes up more than 50% of the crimes committed in the UK.

In the past few months, increasing large DDoS attacks have spread and have uncovered a number of DDoS businesses that have led massive attacks that have earned them up to $618,000.

In Taiwan, Dozens of First Bank ATMs were completely emptied this quarter, proving that cybercriminals still have their eyes set on financial entities. On another front, one of the biggest bitcoin robberies in history took place this quarter and an equivalent of 60 million dollars in bitcoins was stolen.

Analyzing game sites, we have seen a number of them become massive datawarehouses for sensitive information and been exposed as relatively easy targets for cybercriminals. The main victim of this quarter is Yahoo, who suffered the biggest theft of its kind in history. 500 million Yahoo accounts were compromised.

Future Security Holes
In the coming years we will face new threats and attacks due to the growing Internet of Things and mobile devices.

There are more and more domestic appliances that are connected to our home networks. There is already a way to control the thermostat and raise the temperature to 99 degrees Fahrenheit, then request a ransom to return it to its initial state.

We have also seen frightening ways a person’s life can be threatened if their car is compromised. If a connected car is compromised, those who are in the vehicle may be in danger. Researchers have discovered that reverse engineering can be used to override car signals and tell the parking brake not to activate, disable the steering wheel, and make the wheel turn at any speed on command.

In August, Apple urgently published the iOS version 9.3.5 for its mobile device operating system. Apple is one of the latest businesses to start a rewards program, offering up to $200,000 to researchers who are able to find vulnerabilities in their products.

The full PandaLabs Q3 report is available from http://partnernews.pandasecurity.com/uk/src/uploads/2016/10/Pandalabs-2016-Q3-en.pdf

About Panda Security
Founded in 1990, Panda Security is the world’s leading provider of cloud-based security solutions. With head offices in Spain, the company has direct presence in over 80 countries, products translated into more than 23 languages and millions of customers around the world. The company’s mission is to simplify complexity, creating new and improved solutions to protect users’ digital lives.
For more information, visit http://www.pandasecurity.com/.

Neil Martin
neil.martin@uk.pandasecurity.com
Tel. 0844 335 3791
Direct Tel: 01344 398983

Linkedin - https://www.linkedin.com/in/mrneilmartin
Facebook - facebook.com/PandaSecurityUK
Twitter - twitter.com/PandaSecurityUK
Youtube - http://www.youtube.com/PandaSecurity1

L’Avenir
Opladen Way
Bracknell
Berkshire
RG12 0PH

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