Mobile Banking Malware Up 50% in First Half of 2019

Mobile Banking Malware Up 50% in First Half of 2019
A new report from Check Point recaps the cybercrime trends, statistics, and vulnerabilities that defined the security landscape in 2019.

In the last year, 28% of organizations were hit with a botnet infection. Roughly one-third of cyberattacks were perpetrated by insiders, and 27% of all global businesses were affected by threats involving mobile devices. Mobile banking malware jumped 50% in the first half of 2019.


These numbers come from Check Point Research's "2020 Cyber Security Report," which contains attack trends, malware statistics, prominent vulnerabilities, and other factors that shaped the security landscape throughout 2019. Businesses saw malware types migrating into mobile and were hit with more informed and targeted ransomware campaigns. Magecart became an epidemic, and a series of major vulnerabilities were found in Microsoft Windows and Oracle.


Magecart attacks, which first became public knowledge in 2018, ramped up in 2019 as multiple threat groups sought to compromise e-commerce websites and steal customers' financial data. Hundreds of shopping websites, hotel sites, and businesses large and small were affected by the threat: Macy's, Volusion, First Aid Beauty, and OXO are among those hit with Magecart.


We saw the rise of targeted ransomware in 2019 as attackers sought to buy or find their way into specific organizations. Most of these threats were driven by increasing cooperation among threat actors: As an example, researchers point to the distribution of Emotet, which landed in many global organizations and opened the door to any attackers who were willing to pay for access to them. One Emotet attack could lead to a full-blown infection of Ryuk or Bitpaymer.
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