McAfee Researchers Analyze Cybercriminal Markets, Reveal Tactics, Targets

GlobalDots
1 Min read

McAfee released its McAfee Labs Threats Report: December 2018, examining activity in the cybercriminal underground and the evolution of cyber threats in Q3 2018. McAfee Labs saw an average of 480 new threats per minute and a sharp increase in malware targeting IoT devices.

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The third quarter of 2018 saw the Dream, Wall Street, and Olympus markets clamoring for market share, until the mysterious disappearance of Olympus. In an effort to evade law enforcement and build trust directly with customers, some entrepreneurial cybercriminals have shifted away from using larger markets to sell their goods and have begun creating their own specialized shops. This shift has sparked a new line of business for website designers offering to build hidden marketplaces for aspiring shady business owners.

“Cybercriminals are very opportunistic in nature. The cyberthreats we face today once began as conversations on hidden forums and grew into products and services available on underground markets. Additionally, the strong brands we see emerging offer a lot to cybercriminals: higher infection rates, and both operational and financial security.”
– John Fokker, head of cybercriminal investigations, McAfee

Read more: Help Net Security

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