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Banking Malware Attacks Are “Becoming Increasingly Corporate” says Kaspersky

Image sourced from Finance Times. In 2021, the financial threats landscape witnessed positive changes where the overall number of users affected by malware reduced significantly, including a 35% drop in PC malware. Still, financial organisations, as cybercriminals’ most lucrative targets, continue to face massive threats. According to Kaspersky’s new Financial cyberthreats in 2021 report, attacks are becoming increasingly corporate rather than consumer-focused. In 2021, every third (37.8%) PC banking malware attack targeted corporate users, representing a growth of almost 14% since 2018. While 2021 saw an expansion in threats to financial organisations on a global scale, there was a continuation of the downward trend of PC and mobile malware previously seen in 2020. In fact, the numbe...

Targeted Malware is Raging Across South Africa, Kenya & Nigeria

According to the latest research of internet security firm Kaspersky on threat landscape trends, South Africa, Kenya and Nigeria are facing dramatic changes in the landscape. While regular, self-propagating malware is decreasing dramatically, as it is no longer effective and cannot fly under security radars, the region will see the growth of new cybercrime models in the upcoming year. While comparing the overall number of mass cyberattacks in 2021, security researchers at Kaspersky noticed a 7,5% decrease in Nigeria, a 12% decrease in South Africa and an unprecedented 28,6% decrease in Kenya. The reason for such a change was the introduction and popularisation of new cybercrime models in the region, with cybercrime tools becoming more targeted along with a long-running trend where malware ...

31.5 Million Cyberthreats Targeted SA Users in the First Half of 2021

Image sourced from Feed Navigator. The increase in cyberthreats recorded by global internet security firm Kaspersky in the first half of this year across South Africa amounted to 31.5 million. “Threats can be categorised as criminal (80% of attacks), targeted (19.9%), and advanced (0.01%). The advanced grouping is significantly more sophisticated and feature increased investment from attack groups. Unfortunately, both criminal and targeted threat vectors learn from the advanced category to enhance their own attack techniques,” says Amin Hasbini, Head of Research Centre, Global Research & Analysis Team, Middle East, Turkey and Africa at Kaspersky. Attacks Are Becoming More Sophisticated Hasbini says that the current trends show that attackers around the world are embracing more sophisti...