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McAfee: Cryptocurrency Mining Malware Grew 86% in Q2 2018

In Q2, the total number of ransomware samples increased 57 per cent over the past four quarters, the report said

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Continuing its rise from the the fourth quarter of last year, cryptocurrency mining malware grew 86 per cent in the second quarter of this year, according to a new report from the global cybersecurity firm McAfee Labs.

Although less common than ransomware, cryptomining malware has quickly emerged as a factor on the threat landscape, the report said on Tuesday, adding that while cryptomining malware primarily targets PCs, other devices also have become victims.

“A few years ago, we wouldn’t think of Internet routers, video-recording devices and other Internet of Things devices as platforms for cryptomining because their CPU speeds were too insufficient to support such productivity,” said Christiaan Beek, Lead Scientist and Senior Principal Engineer with McAfee Labs Advanced Threat Research team.

The research also showed the continued adaptation of the type of malware vulnerability exploits used in the WannaCry and NotPetya outbreaks of 2017.

McAfee saw the exploits from these two high-profile threats repurposed within new malware strains, and newly discovered vulnerability exploits similarly adapted to produce entirely new threats.

New malware samples specifically designed to exploit software vulnerabilities increased by 151 per cent in the second quarter of 2018, the findings of the”McAfee Labs Threats Report” showed.

McAfee
Cryptomining malware surged 86% in Q2 2018: McAfee. IANS

“WannaCry and NotPetya provided cybercriminals compelling examples of how malware could use vulnerability exploits to gain a foothold on systems and then quickly propagate across networks,” Beek said.

McAfee said its mobile research team found a new billing-fraud campaign of at least 15 apps on Google Play.

The new campaign demonstrates that cybercriminals keep finding new ways to steal money from victims using apps on official stores such as Google Play, the report said.

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The McAfee team also identified top security threats to users and implementers of Blockchain technologies.

The researchers’ analysis found that phishing, malware and implementation vulnerabilities are the primary attack vectors.

In Q2, the total number of ransomware samples increased 57 per cent over the past four quarters, the report said. (IANS)

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McAfee unveils refreshed cyber security solutions portfolio

The new McAfee Behavioral Analytics uses machine learning to identify threats

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McAfee, Inc. is an American global computer security software company.
McAfee, Inc. is an American global computer security software company. Wikimedia Commons
  • McAfee reveals refreshed portfolio of its cybersecurity
  • This will optimise its operations and users’ experience
  • The new technology uses machines to identify threats

Global cybersecurity firm McAfee on Wednesday unveiled a refreshed portfolio of its cybersecurity solutions that allows rapid response to advanced cybersecurity threats. McAfee’s updated Enterprise Security Manager (ESM 11) leverages a new data architecture optimised for scalability, performance, faster search and collaboration.

McAfee says that online security concerns are rising in India. IANS
McAfee revises its online security portfolio. IANS

This new architecture combined with the newly-launched McAfee Behavioral Analytics and enhanced McAfee Investigator, McAfee Advanced Threat Defense, and McAfee Active Response would help security operation teams optimise their security infrastructure. McAfee ESM 11, and McAfee Behavioral Analytics are now available. McAfee Investigator will be available in April and enhancements to McAfee Advanced Threat Defense and McAfee Active Response will be available in May, the company said in a statement.

“Given the difficulty in finding skilled resources, enterprises need advanced analytics and machine learning-powered solutions to augment the people they have,” said Jason Rolleston, Vice-President of Security Analytics at McAfee.

Also Read: Indians’ online security concerns increasing: McAfee

“By combining the strength and speed of these new solutions with the power of human intellect, security operations teams become faster, smarter, more effective, and more efficient,” added Rolleston.

McAfee ESM 11 shares huge volumes of raw, parsed, and correlated security events, and allows for flexible horizontal expansion with active-active high availability, enabling organisations to rapidly query billions of occurrences.

Cyber attack has effected millions of people globally. Wikimedia Commons
The technology will identify threats using machine learning. Wikimedia Commons

The new McAfee Behavioral Analytics uses machine learning to identify threats. It distills billions of security events down to hundreds of anomalies to produce a handful of prioritised threat leads. The updated McAfee Investigator has expanded investigation guides that include new navigation features to multi-select findings for faster case closure. IANS

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