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43 Percent Increase in Social Media Frauds in 2018: Study

According to researchers, fraud in the mobile channel has grown significantly over the last several years, with 70 per cent of artifice originating in the mobile channel in 2018

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With one out of five cyber attacks attributed to rogue mobile apps in 2018, RSA identified an average of 82 rogue mobile applications a day last year across popular app stores. Pixabay

In a sign that platforms like Facebook and WhatsApp are emerging as new public square for criminal deception, a study has found that social media fraud increased 43 per cent in 2018.

The results suggest that cyber criminals are increasingly relying on Facebook, Instagram, WhatsApp and other legitimate social media and messaging platforms to communicate with each other and sell stolen identities, credit card numbers and other ill-gotten gains.

social media
According to researchers, fraud in the mobile channel has grown significantly over the last several years, with 70 per cent of artifice originating in the mobile channel in 2018. Pixabay

Given the ease of use, absence of fees and other benefits of these platforms, continuation of this trend in 2019 should come as no surprise, said “Current State of Cybercrime – 2019” white paper, released by RSA Security.

Trade in stolen identities would gain greater momentum with more stores likely opening on legitimate platforms to sell this type of data, the study said.  According to researchers, fraud in the mobile channel has grown significantly over the last several years, with 70 per cent of artifice originating in the mobile channel in 2018.

social media
With one out of five cyber attacks attributed to rogue mobile apps in 2018, RSA identified an average of 82 rogue mobile applications a day last year across popular app stores. Pixabay

In particular, fraud from mobile apps increased 680 per cent between 2015 and 2018, said the study, adding the use of rogue mobile applications to defraud consumers was on the rise.

ALSO READ: Fixing Algorithms Won’t Curb Fake News on Social Media

With one out of five cyber attacks attributed to rogue mobile apps in 2018, RSA identified an average of 82 rogue mobile applications a day last year across popular app stores.

“We expect the popularity of the mobile channel for fraud will continue through 2019, especially as cyber criminals keep finding ways to introduce tactics and technologies such as phishing and malware to the mobile channel,” the report said. (IANS)

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Skills Required To Become An Information Security Analyst

Good analytical skills allow information security analyst to respond to incidents quickly

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Analyst
It is vital that information security analyst is skilled and comfortable with the fundamentals of networking. This skill is specifically employable to maximise damage, malware and other cybersecurity threats are highly dependent on computer networks. Pixabay

Today’s rapid growth of technology comes along with the booming threat of cybercrime, thereby driving demand for more cybersecurity professionals. Here is a list of skills that every security analyst should possess to give the global population a safer tomorrow!

  • Communication

    Documenting incidents and communicating is the most important soft skill that information security analysts should possess. Good communication skills are not only essential during security incidents being escalated and passed around but also while working as part of a larger team. In addition to this, effective communication is needed at times when any records of activity or actions are taken is needed to be properly documented, which may be used in a legal proceeding.

  • Technology networking

      It is vital that information security analysts are skilled and comfortable with the fundamentals of networking. This skill is specifically employable to maximise damage, malware and other cybersecurity threats are highly dependent on computer networks. Besides acquiring basic information from network device logs, analysts should also possess knowledge of the OSI network model and network protocols. As a technology analyst, you should know what each piece of information signifies and how it might impact your analysis.  

  • Cybersecurity

      Understanding security fundamentals is equally important as developing networking knowledge. A solid understanding of various cyber threats can enable you to learn what patterns and behaviours to look for in your analysis. In order to be able to quickly identify suspicious or dangerous activity, you must familiarise yourself with the various patterns and different malware variants that are common to most attacks. A security analyst well versed in security fundamentals would be able to easily identify and deduce infected computers to be removed from the network and cleaned.

Cyber Security, Online, Computer, Cyber, Network
Today’s rapid growth of technology comes along with the booming threat of cybercrime, thereby driving demand for more cybersecurity professionals such as an Analyst. Pixabay
  • Analytical

     Good analytical skills allow information security analyst to respond to incidents quickly. Employers find it valuable when analysts are able to smoothly ability to function within a formal incident detection and response process. This is considered as one of the best practices in defending an organisation’s digital assets from cyber threats and even to prosecute the attackers.

  • Creativity

     This is another crucial soft skills that are critical for information security analysts to be able to anticipate cyber-attacks and always think one step ahead of a cyber threat. Detail-oriented forward-thinking requires a creative approach that may allow analysts to detect threats to cybersecurity, which are typically are hard to detect. Furthermore, information security analysts are expected to be focused on the details of a security system, noting any minor changes and foreseeing any potential problems, no matter the size of it.

ALSO READ: Here’s Why Alphabet CEO Sundar Pichai Believes That Artificial Intelligence Needs To Be Regulated

These skills put emphasis on the importance of IT Security Management degree. So apply today to develop the skills required to become an analyst.