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    Home Cybersecurity
    • Cybersecurity

    WannaCry Helps Push Cyber-Crime Attacks to New Heights in 2Q17

    By
    Sean Michael Kerner
    -
    August 11, 2017
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      1WannaCry Helps Push Cyber-Crime Attacks to New Heights in 2Q17

      WannaCry Helps Push Cyber-Crime Attacks to New Heights in 2Q17

      ABSTRACT:  The second quarter of 2017 was the most active 90-day period ever for cyber-crime attacks, according to a new report from security technology firm ThreatMetrix. The Q2 2017 ThreatMetrix Cybercrime Report was compiled using data on actual attacks that occurred from April to June 2017, as detected by the ThreatMetrix Digital Identity Network, which analyzes approximately 2 billion transactions per month. In the second quarter of 2017, ThreatMetrix detected 144 million attacks, nearly doubling the attack volume detected in the second quarter of 2016. Of note, ThreatMetrix saw a large spike in attack volume following the WannaCry ransomware attack in mid-May as attackers aimed to take advantage of consumers. In this slide show, eWEEK takes a look at some of the highlights of the latest ThreatMetrix Cybercrime Report.

      2144 Million Attacks Stopped

      144 Million Attacks Stopped

      The second quarter of 2017 was the most active ever for ThreatMetrix, with 144 million attacks detected and stopped.

      3Attacks Spike After WannaCry

      Attacks Spike After WannaCry

      Looking at the daily attack rates for the second quarter, ThreatMetrix recorded a large spike in mid-May just after the WannaCry ransomware incident, as attackers aimed to take advantage of the situation.

      4New Account Creation Fraud Growing

      New Account Creation Fraud Growing

      Attackers are increasingly using stolen identities to create new accounts that are then used for fraudulent transactions. According to ThreatMetrix, 10.5 percent of new account applications are now fraudulent.

      5Attack Tactics Vary by Geography

      Attack Tactics Vary by Geography

      The attack vectors used for fraud vary somewhat by geography. In North America and Europe, the top attack vector is device spoofing, while in Asia identity spoofing tops the list.

      6Mobile Fraud a Growing Concern

      Mobile Fraud a Growing Concern

      As users increasingly use mobile devices for all forms of transactions, the volume of mobile fraud is growing. ThreatMetrix reported that account creation and payments transactions are particularly vulnerable on mobile devices.

      7Device Spoofing Is the Top Attack Vector

      Device Spoofing Is the Top Attack Vector

      Device spoofing was the top attack vector in the second quarter, according to ThreatMetrix. With a device spoofing attack, a hacker changes browser and other device settings to change a device’s identity.

      8U.S. Hackers Targeting U.S. Consumers

      U.S. Hackers Targeting U.S. Consumers

      When looking at the source of attacks, ThreatMetrix found that attacks from hackers in the United States largely target victims in the United States.

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