Story image

Android ransomware on the rise in APAC - Malwarebytes

10 Apr 18

Android ransomware is the cyber threat which has increased the most, rising by 1173% from Q4 2017 in Asia Pacific to the first quarter of 2018.

However, machine learning anomaly detections also rose by 480%, according to a Malwarebytes report on cybercrime tactics and techniques.

While spyware detections in Asia Pacific fell by 33%, this form of malware saw the biggest increase globally (56%), emerging as the number one detection for businesses in the first quarter of 2018.

Cryptomining malware detections might have fallen in this region (-51%), but it saw a global increase (27%) as well.

Meanwhile, ransomware detections globally and in this region increased at the same rate (28%), while the proportion of the increase in adware detections globally (14%) was higher than in Asia (5%).

This global increasing trend of spyware detections has been spearheaded by TrickBot, a malware which includes a cryptocurrency miner code, giving spyware creators a slice of the lucrative malicious cryptomining pie.

As spyware creators look to leverage the computing power of as many devices as possible, the threat posed by TrickBot to both small and large organisations is rising, especially with more businesses having their employees’ personal mobile devices connected to the company network.

Malwarebytes says that unmanaged crypto miners on employees’ mobile devices could disrupt business or infrastructure-critical processes by overloading systems to the point where they become unresponsive and shut down.

Malwarebytes' new offering aims to approach this problem.

“Malwarebytes Endpoint Protection and Response has been designed to protect businesses across every stage of an attack,” says Malwarebytes A/NZ channel director Vikas Uberoy.

“Of particular interest for our channel partners is our unique rollback technology, which winds back the clock up to 48 hours, negating the impact of ransomware with just-in-time backups prior to infection. This will ensure partners and resellers have access to the most advanced offering in the market to take to small and mid-sized Australian businesses, many of whom are often lacking the manpower or expertise to appropriately manage endpoint security.”

Cofense launches MSSP program to provide phishing defence for SMBs
SMBs are highly susceptible to phishing attacks, and often lack the resources necessary to stop advanced threats
Hillstone CTO's 2019 security predictions
Hillstone Networks CTO Tim Liu shares what key developments could be expected in the areas of security compliance, cloud, security, AI and IoT.
Can it be trusted? Huawei’s founder speaks out
Ren Zhengfei spoke candidly in a recent media roundtable about security, 5G, his daughter’s detainment, the USA, and the West’s perception of Huawei.
Oracle Java Card update boosts security for IoT devices
"Java Card 3.1 is very significant to the Internet of Things, bringing interoperability, security and flexibility to a fast-growing market currently lacking high-security and flexible edge security solutions."
Sophos hires ex-McAfee SVP Gavin Struther
After 16 years as the APAC senior vice president and president for McAfee, Struthers is now heading the APJ arm of Sophos.
Security platform provider Deep Instinct expands local presence
The company has made two A/NZ specific leadership hires and formed several partnerships with organisations in the region.
Half of companies unable to detect IoT device breaches
A Gemalto study also shows that the of blockchain technology to help secure IoT data, services and devices has doubled in a year.
Stepping up to sell security services in A/NZ
WatchGuard Technologies A/NZ regional director gives his top tips on how to make a move into the increasingly lucrative cybersecurity services market.