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Fortinet Threat Report Reveals IoT Devices at Home Are the Latest Target for Cryptojacking

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Fortinet announced the findings of its latest Global Threat Landscape Report. The research reveals cyber criminals are becoming smarter and faster in how they leverage exploits to their advantage. They are also maximizing their efforts by targeting an expanding attack surface and by using iterative approaches to software development facilitating the evolution of their attack methodologies. For a detailed view of the findings and some important takeaways for CISOs read the blog. Highlights of the report follow:

• Virtually No Firm is Immune from Severe Exploits: Analysis focused on critical and high-severity detections demonstrates an alarming trend with 96% of firms experiencing at least one severe exploit. Almost no firm is immune to the evolving attack trends of cyber criminals. In addition, nearly a quarter of companies saw cryptojacking malware, and only six malware variants spread to over 10% of all organizations. FortiGuard Labs also found 30 new zero-day vulnerabilities during the quarter.

• Cryptojacking Moves to IoT Devices in the Home: Mining for cryptocurrency continues, cyber criminals added IoT devices, including media devices in the home to their arsenals. They are an especially attractive target because of their rich source of computational horsepower, which can be used for malicious purposes. Attackers are taking advantage of them by loading malware that is continually mining because these devices are always on and connected. In addition, the interfaces for these devices are being exploited as modified web browsers, which expands the vulnerabilities and exploit vectors on them. Segmentation will be increasingly important for devices connected to enterprise networks as this trend continues.

• Botnet Trends Demonstrate the Creativity of Cyber Criminals: Data on botnet trends gives a valuable post-compromise viewpoint of how cybercriminals are maximizing impact with multiple malicious actions. WICKED, a new Mirai botnet variant, added at least three exploits to its arsenal to target unpatched IoT devices. VPNFilter, the advanced nation-state-sponsored attack that targets SCADA/ICS environments by monitoring MODBUS SCADA protocols, emerged as a significant threat. It is particularly dangerous because it not only performs data exfiltration, but can also render devices completely inoperable, either individually or as a group. The Anubis variant from the Bankbot family introduced several innovations. It is capable of performing ransomware, keylogger, RAT functions, SMS interception, lock screen, and call forwarding. Keeping tabs of morphing attacks with actionable threat intelligence is vital as creativity expands.

For additional information, visit

https://www.fortinet.com/blog/threat-research/threat-landscape-report–virtually-no-firm-is-immune-from-severe.html

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