#CyberFLASH: Canadian cyberthreats differ from those in the U.S., report says

CANADA-storyThe U.S. and Canada both see their fair shares of malware such as Dridex and other banking trojans, but there was one threat conspicuously absent from Canada’s list of common threats – ransomware

While prominent in the U.S., ransomware is just not a thing north of the border Trend Micro researchers revealed in it Canada threat landscape report.

“For whatever reasons the market forces just aren’t driving them in that direction,” Christopher Budd, global threat communications manager at Trend Micro, told SCMagazine.com.

Though the report didn’t specify a reason for ransomware’s absence, Budd hinted that cost-benefit analyses by cybercriminals could show that using ransomware may have a low-yield because Canadians are not culturally attuned to falling victim such attacks.

Budd pointed out that ransomware attacks have worked their way around the globe, initially rising to prominence in New Zealand and the U.K., before cybercriminals used it to target Americans. So, it is possible that Canadians may be targeted more in the future, he said.

OpenCandy adware toolbar and Dridex malware are currently the most prominent threats in Canada.

Cybercriminals in the U.S. influence the Canadian threat landscape by providing the infrastructure for hosting malicious content. And the majority of malicious sites that Canadians visit are predominantly hosted in the U.S. – malicious hosting in Canada simply isn’t as sophisticated as it is in other countries.

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