US hit hard by banking malware


June 25, 2014

The United States was hit extremely hard by malware attacks in the first quarter of 2014, with Japan, India and even Australia not far behind.

Detected online banking malware numbered approximately 116,000, an increase from the first quarter of 2013, which saw 113,000. This information came as part of the 1Q 2014 Security Roundup report released by TrendLabs.

The US and Australia also rated highly as countries affected by ransomware, a malware designed to lock users out of their computer systems until funding has been paid to the attacker or hacking group.

Malware is a growing issue around the world, with the potential to cause serious harm for businesses. Adequate vulnerability management measures need to be put in place to ensure security.

Ignoring the threat of malware and cyber security risks could lead to damaging data breaches, which often leave a company facing legal and financial troubles.

The report detailed how cyber attackers are advancing in their methods and outlined the risks businesses are likely to face over the next few years.

"Cyber criminal tactics this quarter taught us that no matter how advanced a defence strategy is, malicious actors will always go in for the kill to gain immediate profit, no matter how unusual the target appears," the report explained.

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