Intelligent CIO Europe Issue 22 | Page 23

//////////////////////////////////////////////////////////////////////////////////// TRENDING MCAFEE REPORT UNCOVERS RANSOMWARE RESURGENCE AND EVOLUTION OF CYBERTHREATS As cybercriminals continue to act and cyberattacks continue to increase, it is important to shine a light on the threat activity and the trends it creates. McAfee experts discuss the severe impacts of these attacks and how to recognise those trends. M cAfee, the device-to-cloud cybersecurity company, has released its McAfee Labs Threats Report: August 2019, examining cybercriminal activity and the evolution of cyberthreats in Q1 2019. McAfee Labs saw an average of 504 new threats per minute in Q1 and a resurgence of ransomware along with changes in campaign execution and code. More than 2.2 billion stolen account credentials were made available on the cybercriminal underground over the course of the quarter. Sixty-eight percent of targeted attacks utilised spearphishing for initial access, while 77% relied upon user actions for campaign www.intelligentcio.com execution. “The impact of these threats is very real,” said Raj Samani, McAfee fellow and Chief Scientist. “It’s important to recognise that the numbers, highlighting increases or decreases of certain types of attacks, only tell a fraction of the story. Every infection is another business dealing with outages or a consumer facing major fraud. We must not forget for every cyberattack, there is a human cost.” Each quarter, McAfee assesses the state of the cyberthreat landscape based on in-depth research, investigative analysis and threat data gathered by the McAfee Global Threat Intelligence cloud from over a billion sensors across multiple threat vectors around the world. “ WE MUST NOT FORGET FOR EVERY CYBERATTACK, THERE IS A HUMAN COST. INTELLIGENTCIO 23