Malware and AI could fuel major cyber crime growth in 2019

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The latest research from McAfee has warned that companies will be ‘under siege’ from malware, ransomware and other type of cyber criminal activities next year.

According to the company’s latest report, malware-as-a-service families will strengthen next year, and cyber criminals will be using mostly social media, cloud and mobile phones as their key attack vectors.

They will mostly attack intellectual property, Internet of Things (IoT) in the home and identity credentials via the cloud, digital assistants, and social media platforms.

Cyber criminal enterprises are ‘expected to flourish’ next year, partnering with money laundering organisations, boosting evasion techniques and improving vulnerability exploits. Mobile malware is also expected to increase, together with botnets, banking fraud, ransomware, and attempts to bypass two-factor authentication.

McAfee’s researchers expect businesses to step up, forcing criminals to become even more inventive. “The availability of modular attack components on the underground market is expected to enable attackers to combine and repurpose established tactics and technologies to achieve new goals,” it says intellectual property, Internet of Things (IoT) in the home and identity credentials via the cloud, digital assistants, and social media platforms.

“In 2018, we witnessed even greater collaboration among cybercriminals through underground alliances,” said Raj Samani, chief scientist at McAfee. “This collaborative mentality has allowed for efficiencies in underground technologies and tactics, and the evolution of bad actors into some of the most organized and agile adversaries in the world. However, while we expect the underground market collaboration to continue, the year 2019 will also see cybersecurity alliances of defenders continuing to mature and further fortify defences.”

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