A massive increase in eCrime behavior can easily disrupt business operations

2020-03-04 05:30

There was an increase in incidents of ransomware, maturation of the tactics used, and increasing ransom demands from eCrime actors.

Combatting threats from sophisticated nation-state and eCrime adversaries requires a mature process that can prevent, detect and respond to threats with speed and agility.

"2019 brought an onslaught of new techniques from nation-state actors and an increasingly complex eCrime underground filled with brazen tactics and massive increases in targeted ransomware demands. As such, modern security teams must employ technologies to detect, investigate and remediate incidents faster with swift preemptive countermeasures, such as threat intelligence, and follow the 1-10-60 rule," said Adam Meyers, vice president of Intelligence at CrowdStrike.

In addition to supporting currency generation, DPRK's targeting of cryptocurrency exchanges could support espionage-oriented efforts designed to collect information on users or cryptocurrency operations and systems.

"This year's report indicates a massive increase in eCrime behavior can easily disrupt business operations, with criminals employing tactics to leave organizations inoperable for large periods of time. It's imperative that modern organizations employ a sophisticated security strategy that includes better detection and response and 24/7/365 managed threat hunting to pinpoint incidents and mitigate risks," said Jennifer Ayers, vice president of OverWatch at CrowdStrike.

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