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McAfee Labs Predicts Top Cybersecurity Threats for 2015

2015 cybersecurity trends

In 2015, cybercriminals will increasingly be non-state actors who monitor and collect data through extended, targeted attack campaigns, McAfee Labs predicts. In the group’s 2015 Threats Predictions, Intel Security identified internet trust exploits, mobile, internet of things and cyber espionage as the key vulnerabilities on next year’s threat landscape.

“The year 2014 will be remembered as ‘the Year of Shaken Trust,’” said Vincent Weafer, senior vice president of McAfee Labs. “This unprecedented series of events shook industry confidence in long-standing Internet trust models, consumer confidence in organizations’ abilities to protect their data, and organizations’ confidence in their ability to detect and deflect targeted attacks in a timely manner. Restoring trust in 2015 will require stronger industry collaboration, new standards for a new threat landscape, and new security postures that shrink time-to-detection through the superior use of threat data. Ultimately, we need to get to a security model that’s built-in by design, seamlessly integrated into every device at every layer of the compute stack.”

McAfee Labs predicts the top cybersecurity threats in 2015 will be:

1. Increased use of cyber warfare and espionage tactics. Cyber espionage attacks will continue to increase in frequency as long-term players will become stealthier information gatherers, while newcomers to cyber-attack capabilities will look for ways to steal sensitive information and disrupt their adversaries.

  • Established nation-state actors will work to enhance their ability to remain hidden on victim systems and networks.
  • Cybercriminals will continue to act more like nation-state cyber espionage actors, focusing on monitoring systems and gathering high-value intelligence on individuals, intellectual property, and operational intelligence.
  • McAfee Labs predicts that more small nation states and terror groups will use cyber warfare.

2. Greater Internet of Things attack frequency, profitability, and severity. Unless security controls are built-in to their architectures from the beginning, the rush to deploy IoT devices at scale will outpace the priorities of security and privacy. This rush and the increasing value of data gathered, processed, and shared by these devices will draw the first notable IoT paradigm attacks in 2015.

  • The increasing proliferation of IoT devices in environments such as health care could provide malicious parties access to personal data even more valuable than credit card data. For instance, according to the McAfee Labs report entitled Cybercrime Exposed: Cybercrime-as-a-Service, the cybercrime community currently values stolen health credentials at around $10 each, which is about 10 to 20 times the value of a stolen U.S. credit card number.

3. Privacy debates intensify. Data privacy will continue to be a hot topic as governments and businesses continue to grapple with what is fair and authorized access to inconsistently defined “personal information.”

  • In 2015 we will see continued discussion and lack of clarity around what constitutes “personal information” and to what extent that information may be accessed and shared by state or private actors.
  • We will see a continued evolution in scope and content of data privacy rules and regulations, we may even see laws begin to regulate the use of previously anonymous data sets.
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  • The European Union, countries in Latin America, as well as Australia, Japan, South Korea, Canada, and many others may enact more stringent data privacy laws and regulations.

4. Ransomware evolves into the cloud. Ransomware will evolve its methods of propagation, encryption, and the targets it seeks. More mobile devices are likely to suffer attacks.

  • We predict ransomware variants that manage to evade security software installed on a system will specifically target endpoints that subscribe to cloud-based storage solutions.
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  • Once the endpoint has been infected, the ransomware will attempt to exploit the logged-on user’s stored credentials to also infect backed-up cloud storage data.
  • We expect the technique of ransomware targeting cloud-backed-up data to be repeated in the mobile space.
  • We expect a continued rise in mobile ransomware using virtual currency as the ransom payment method.

5. New mobile attack surfaces and capabilities. Mobile attacks will continue to grow rapidly as new mobile technologies expand the attack surface.

  • The growing availability of malware-generation kits and malware source code for mobile devices will lower the barrier to entry for cybercriminals targeting these devices.
  • Untrusted app stores will continue to be a major source of mobile malware. Traffic to these stores will be driven by “malvertising,” which has grown quickly on mobile platforms.

6. POS attacks increase and evolve with digital payments. Point of sale (POS) attacks will remain lucrative, and a significant upturn in consumer adoption of digital payment systems on mobile devices will provide new attack surfaces that cybercriminals will exploit.

  • Despite current efforts by retailers to deploy more chip-and-pin cards and card readers, McAfee Labs sees continued growth in POS system breaches in 2015 based on the sheer numbers of POS devices that will need to be upgraded in North America.
  • Near field communications (NFC) digital payment technology will become an entirely new attack surface to exploit, unless user education can successfully guide users in taking control of NFC features on their mobile devices.

7. Shellshock sparks Unix, Linux attacks. Non-Windows malware attacks will increase as a result of the Shellshock vulnerability.

  • McAfee Labs predicts that the aftershocks of Shellshock with be felt for many years given the number of potentially vulnerable Unix or Linux devices, from routers to TVs, industrial controllers, flight systems, and critical infrastructure.
  • In 2015, this will drive a significant increase in non-Windows malware as attackers look to exploit the vulnerability.

8. Growing exploitation of software flaws. The exploitation of vulnerabilities is likely to increase as new flaws are discovered in popular software products.

  • McAfee Labs predicts that exploitation techniques such as stack pivoting, return- and jump-oriented programming, and a deeper understanding of 64-bit software will continue to drive the growth in the number of newly discovered vulnerabilities, as will the volume of malware that exploits those newly discovered vulnerabilities.

9. New evasion tactics for sandboxing. Escaping the sandbox will become a significant IT security battlefield.

  • Vulnerabilities have been identified in the sandboxing technologies implemented with critical and popular applications. McAfee Labs predicts a growth in the number of techniques to exploit those vulnerabilities and escape application sandboxes.
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  • Beyond application sandboxing, McAfee Labs predicts that 2015 will bring malware that can successfully exploit hypervisor vulnerabilities to break out of some security vendors’ standalone sandbox systems.

DDoS Attacks Cost Businesses $40,000 an Hour

One of the most common weapons in the cybercriminal’s arsenal is the DDoS attack.

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According to the network security experts at Digital Attack Map, “A Distributed Denial of Service (DDoS) attack is an attempt to make an online service unavailable by overwhelming it with traffic from multiple sources. They target a wide variety of important resources, from banks to news websites, and present a major challenge to making sure people can publish and access important information.

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While many have heard of these attacks or suffered from the outages they cause, most people do not understand the true business risks these incidents pose. To get a better picture of the threat, Internet security firm Incapsula surveyed 270 firms across the U.S. and Canada about their experiences with DDoS attacks. On average, they found, 49% of DDoS attacks last between 6 and 24 hours.

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“This means that, with an estimated cost of $40,000 per hour, the average DDoS cost can be assessed at about $500,000—with some running significantly higher,” the company reported. “Costs are not limited to the IT group; they also have a large impact on units such as security and risk management, customer service, and sales.”

Check out the infographic below for more of Incapsula’s findings on the actual costs of DDoS attacks:

Tom Ridge Tells Cyber Conference Insurance Should Incentivize Risk and Resilience Planning

tom ridge advisen cyber risk conference

More Americans worry about being hacked than they are of mugging, burglary, sexual assault, murder, or physical harm of a child, according to a new Gallup poll. While hacking concerns did increase with household income, they impacted a majority of Americans in every income and age bracket, while no other form of violent crime surpassed 45% of those polled.

A new survey from Advisen and Zurich found that this fear is nearly universal for companies as well. Across industries, 88% of businesses view cyber as at least a moderate risk – up to 93% among larger businesses and 81% among small. Despite this widespread recognition, however, fewer businesses have a breach response in place than just a year ago. In 2014, only 62% have a response place – a 10% decrease from 2013. Yet 66% now use cloud services, presenting a 20% jump from last year.

“Clearly, security concerns are being outweighed by the benefits of technology,” said Erica Davis, Zurich vice president and assistant national manager for E&O, while presenting the findings on Tuesday at Advisen’s Cyber Risk Insights Conference.

Throughout the conference, consensus was clear: the 69% of Americans and 88% of businesses are on the right track, as their fears are well-founded. “There are two types of banks today: those that have been breached, and those that will,” Roc Starks, senior vice president and director of corporate insurance at Citizens Bank, said at one of the day’s panels. “First response is the critical difference in how banks and customers will fare.”

Keynote speaker and former Director of Homeland Security Tom Ridge (now of Ridge Insurance Solutions) shared this outlook on cybersecurity across industries. “There are going to be breaches,” he said. “Resilient companies are the ones that are prepared to respond.”

Yet breach response without risk management and an eye toward mitigation is no longer sufficient. “Those prepared to organize around risk and resilience are those that will withstand and lead,” he added. “By the time we get here next year, the risks will be different – the digital sun will never set.”

The landscape of cyberrisk and hacking schemes is constantly evolving, and changing at a scale and speed unlike anything seen before, Ridge said. For attendees, there was little doubt about this insight, as panelists throughout the day detailed new phishing schemes seen, top areas of emerging vulnerability, and the myriad breaches they or their industry colleagues have navigated. More companies are investigating the most useful forms of coverage for their unique exposures and exploring what management structures and risk owners are most effective to monitor and mitigate cyber. The recognition is there, and so are some of the solutions, but the insurance landscape must still evolve, as must the strategies. “We’ve seen a mind-shift,” Ridge said. “CEOs get it, but they do not know what to do and who the threats come from.”

To that end, there is more the industry can do to help. Ridge lauded the idea of “intelligent insurance,” arguing that, in addition to devoting greater resources to investigating cyber threats, the insurance industry should turn its attention to incentivizing companies to manage cyberrisk more effectively.

Much as in insurance disciplines like kidnap and ransom, some of the greatest benefits of insuring cyberrisk may come from the processes of evaluation and contingency planning. According to Ridge and other conference speakers, finding out how to oversee and incentivize those processes may be the next adaptation for cybersecurity insurers.

Ransomware Threats a Concern

Takeover by ransomware–malware installed on computers that allows criminals to remotely lock the computer and demand a ransom to release files and programs–is a concern to 88% of IT professionals, a study by Spiceworks found.

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What’s more, almost one-third of IT pros have experienced a ransomeware attack at their organization.

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According to Microsoft, ransomware is usually installed when a malicious email attachment is opened; or by clicking a malicious link in an email message, instant message or on a website, including a social networking site. Ransomware can even be installed when simply visiting a malicious website.

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You can find out more about ransomware and what to do about it below: