Malware

Trend Micro's annual security roundup sizes up 2014, from Sony hack to rise of cyber underground, proliferation of ransomware

Complacency no longer an option for enterprise security in 2015.


Johannesburg, 25 Feb 2015
Read time 2min 00sec

Prolific cyber attacks against Sony capped off one of the biggest years on record for cyber security. Approximately 100 terabytes of data were compromised and up to $100 million in damages were inflicted during this headline-grabbing incident, as the Trend Micro (TYO: 4704; TSE: 4704) annual security roundup report: "The High Cost of Complacency" analyses this and other notable activity throughout 2014. The year's happenings reinforced that cyber criminals are relentless, with ever-increasing levels of sophistication and tenacity.

"All in all, it's a combination of identifying what's most important, deploying the right technologies, and educating users," said Gregory Anderson, country manager, Trend Micro South Africa. "It is everybody's job - not just the job of IT professionals - to ensure that the company's core data stays safe."

Additional findings include confirmation of Trend Micro's late 2013 prediction that one sizable data breach would occur every month - further solidifying the need for organisations to protect their networks and implement intrusion detection.

"The past year was unprecedented in terms of the size and scope of cyber attacks, as evidenced by the Sony situation. Unfortunately, this will most likely be a 'sneak peek' of what is to come," says Anderson.

Report highlights:

* No threat is too small. It did not take a sophisticated piece of malware to cripple a target. Attackers are using a simple wiper to breach company's defences, with devastating effects.
* POS RAM scrapers came close to becoming a mainstream threat in 2014, as several high-profile targets lost millions of customer data to attackers month after month.
* New attacks showed that no application was invulnerable in 2014 as attackers branched out into new territory.
* Online and mobile banking faced bigger security challenges and are proving that two-factor authentication is no longer enough to secure sensitive transactions.
* Ransomware became a bigger and more sophisticated threat across regions and segments. And unlike older variants, it no longer just issued empty threats, but actually encrypted files.

Find the full report HERE.

A blog post regarding the report can be viewed HERE.

Trend Micro

Trend Micro (TYO: 4704), a global leader in security software, strives to make the world safe for exchanging digital information. Its solutions for consumers, businesses and governments provide layered content security to protect information on mobile devices, endpoints, gateways, servers and the cloud. Trend Micro enables the smart protection of information, with innovative security technology that is simple to deploy and manage, and fits an evolving ecosystem. Leveraging these solutions, organisations can protect their end-users, their evolving data centre and cloud resources, and their information threatened by sophisticated targeted attacks.

All of the solutions are powered by cloud-based global threat intelligence, the Trend Micro Smart Protection Network, and are supported by over 1 200 threat experts around the globe.

For more information, visit www.trendmicro.com.

Editorial contacts
Anti-Clockwise Charlene Carroll (+27) 11 314 2533 Charlene@anticlockwise.co.za
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