#CyberFLASH: Ransomware and mobile app collusion are the main cybersecurity threats of late: Intel Security

148650499-e1416334498678Ransomware, the Pinkslipbot Trojan, and mobile app collusion are the growing cybersecurity threats of note in the past quarter, according to Intel Security this week.

The issue of ransomware has been in the news lately — most recently at the University of Calgary. According to the Santa Clara, Calif.-based firm in its McAfee Labs Threats Report: June 2016, new ransomware samples rose 24 per cent this quarter.

The relatively low skill bar of entry for perpetrating ransomware attacks — it can be as easy as gaining access to an exploit kit to deploy the malware — has created a thriving underground cybercrime community, Intel Security said.

The backdoor W32/Pinkslipbot Trojan worm has also re-emerged as a security threat; first launched in 2007, the worm is capable of stealing sensitive information such as email passwords, signing certificates and financial information. Since December 2015, McAfee Labs has received more than 4,200 unique Pinkslipbot binaries primarily in the United States, United Kingdom, and Canada, who ranks third in terms of infection share at 3.6 per cent.

App collusion

The “mobile app collusion” term refers to a scenario when savvy cybercriminals manipulate two or more apps to instigate malicious attacks capable of exfiltrating user data, inspecting files, sending fake SMS messages, loading additional apps without user consent, and sending user location information to control servers, according to Intel Security.

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