Ransomware to remain cybercrime mainstay in 2018: Trend Micro

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The trend of known vulnerabilities being used in major cyber attacks will continue in 2018 with the ransomware business model being a cybercrime mainstay, a new report said on Wednesday.

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Cybersecurity solutions leader Trend Micro predicted an increase in Internet of Things (IoT) vulnerabilities as more devices are manufactured without security regulations or industry standards.

Overall, the increased connectivity and enlarged attack surface present new opportunities for cybercriminals to leverage known issues to penetrate a corporate network, the company said in a statement.

“The ransomware attacks will manifest itself in a more ‘specialised’ and ‘targeted manner’, unlike the earlier approach. With respect to India, in 2018, we will experience more number of attacks targeted at the ATMs, especially malware attacks.



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“We also expect to see a rise in security incidents across Public Cloud platforms,” said Nilesh Jain, Country Manager, India and SAARC, Trend Micro.

Business Email Compromise (BEC) attacks will also continue to gain popularity with attackers, as the return on investment for successful attacks is quite high.

“We at Trend Micro are constantly scouting out future threats that will have the greatest impact for businesses, and we predict which vulnerabilities will make the biggest waves in the coming year,” said Rik Ferguson, Vice President of Security Research for Trend Micro.

Many devastating cyberattacks in 2017 leveraged known vulnerabilities that could have been prevented had they been patched beforehand.

“This trend will continue next year as corporate attack surfaces expand and expose more security holes. While this remains a challenge for enterprises, executives should prioritise vulnerability management as they make 2018 cybersecurity plans,” Ferguson cautioned.

Threat actors will also leverage growing technologies, like blockchain and machine learning, to enhance obfuscation against traditional cybersecurity protections in 2018.

Ransomware to remain cybercrime mainstay in 2018: Trend Micro

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The trend of known vulnerabilities being used in major cyber attacks will continue in 2018 with the ransomware business model being a cybercrime mainstay, a new report said on Wednesday.

shutter

Cybersecurity solutions leader Trend Micro predicted an increase in Internet of Things (IoT) vulnerabilities as more devices are manufactured without security regulations or industry standards.

Overall, the increased connectivity and enlarged attack surface present new opportunities for cybercriminals to leverage known issues to penetrate a corporate network, the company said in a statement.

“The ransomware attacks will manifest itself in a more ‘specialised’ and ‘targeted manner’, unlike the earlier approach. With respect to India, in 2018, we will experience more number of attacks targeted at the ATMs, especially malware attacks.

“We also expect to see a rise in security incidents across Public Cloud platforms,” said Nilesh Jain, Country Manager, India and SAARC, Trend Micro.

Business Email Compromise (BEC) attacks will also continue to gain popularity with attackers, as the return on investment for successful attacks is quite high.

“We at Trend Micro are constantly scouting out future threats that will have the greatest impact for businesses, and we predict which vulnerabilities will make the biggest waves in the coming year,” said Rik Ferguson, Vice President of Security Research for Trend Micro.

Many devastating cyberattacks in 2017 leveraged known vulnerabilities that could have been prevented had they been patched beforehand.

“This trend will continue next year as corporate attack surfaces expand and expose more security holes. While this remains a challenge for enterprises, executives should prioritise vulnerability management as they make 2018 cybersecurity plans,” Ferguson cautioned.

Threat actors will also leverage growing technologies, like blockchain and machine learning, to enhance obfuscation against traditional cybersecurity protections in 2018.

Trend Micro acquires Immunio to extend DevOps cloud security

Trend Micro purchases Immunio to enhance software security offering

Security firm Trend Micro announced it has recently acquired Immunio, a startup focused on web app security, in a bid to expand its hybrid cloud security to DevOps. The company intends to combine automation protection with a mix of additional capabilities from Immunio and in-house development.

Immunio is a Montreal based company founded in 2013, which has since received approximately $8 million in funding from Canadian and international venture capitals, such WhiteStar Capital, Real Ventures, Hoxton Ventures and BDC. Its platform is intended to protect web applications and APIs from cyber vulnerabilities. When a vulnerability within an app is detected, the platform thwarts the attack in real-team, enabling development teams to determine where the vulnerability was located and how to stymie it in the future.

Trend Micro noted that Gartner estimates that “By 2019, more than 70 percent of enterprise DevSecOps initiatives will have incorporated automated security vulnerability and configuration scanning for open-source components and commercial packages, up from less than 10% in 2016.”

“We are excited to acquire Immunio’s application protection technology, their team of application security experts and their customers,” said Bill McGee, SVP and GM of hybrid cloud security at Trend Micro. “Technology changes, like cloud computing and container platforms, are enabling faster application development. Immunio’s run-time application security allows our customers to increase protection against software vulnerabilities within the applications they are building.”

As part of the acquisition, Immunio’s web security application will be integrated into Trend Micro’s offering, which adds security to applications as they are written. Trend Micro also announced it is boosting its container-specific security capabilities with container image scanning, which allows security issues to be identified and addressed before production release. Users can scan images in the container registry, allowing development teams to fix issues prior to deployment and apply run-time protection capabilities based on findings from the imaging. The company said these capabilities will be generally available next April.

“Many of our advanced customers have adopted DevOps lifecycle practices and are using Trend Micro Deep Security in an automated way to provide server and application protection,” added McGee. These new advancements are extending the protection we provide and ensuring that organizations can continue to develop and deploy applications quickly while remaining secure.”