Even though antivirus programs work tirelessly to detect and remove malicious software, malware threats are on the rise, infecting more computers than ever before.
How bad is it?
By analyzing past behavior and the steps taken to eradicate problems, we can make several predictions about the future of this industry. Let’s take a look at the latest malware trends, major statistics, and the effects that malware can have on Windows, Android, and Mac devices.
This article will help you stay up to date on:
- Major developments in the malware industry.
- New malware creation trends.
- Malware infection rates by type.
- Infection rates by region and sector.
- The ways different operating systems handle malware threats.
1. Americans are really worried about cybercrime.
Over 70% of US Americans are worried about having their personal data stolen from their computers and online networks. To put that in perspective, only 24% are worried about terrorism and 17% are worried about being murdered.
This fear is definitely justified. While murder rates are pretty low and have been dropping for years, cybercrime — especially nowadays — seems like it can reach out and touch you anywhere at anytime. Americans are right to worry.
2. Big Data breaches are on the rise.
January 2019 saw the release of nearly two billion hacked records – 1,769,185,063 to be precise. Additionally, frequent data leaks are affecting an alarming amount of victims.
Although the largest leak – Collection #1 – was primarily a compilation of previous breaches, other sources included data from 202 million Chinese citizens and a database of FBI investigations.
3. MS Office is a primary attack point.
Beware of your own productivity tools. While .exe files used to be the weapon of choice for attackers, users have caught onto the fact that they shouldn’t click them and email services block them from being sent. But people don’t tend to suspect ordinary looking .doc files, and hackers have been using this to their advantage.
As much as 38% of malware is now being disguised as a Word document.
4. The average cost of breaches has increased.
Either hackers are getting better or they’re hitting more expensive targets (it’s probably a mixture of both). In 2018, the cost of the average data breach increased by 6.4% to $3.86 million.
This is simply the average across the entire world… in the US, it’s $7.91 million.
5. Ransomware isn’t going anywhere.
Reports of ransomware becoming less common are very untrue. This year, organizations and individuals will pay $11.5 billion, either as a cost of remediating ransomware damage or simply as a cost or paying a ransom.
Local governments continue to be a popular target. This year, Jackson County, GA, Orange County, NC, and Baltimore, MD, all joined the list of prominent victims.
6. Malware is taking an increasingly large toll.
In 2015, the global cost of malware was an already-staggering $500 billion. In just a short time, however, the economic toll of cybercrime has grown fourfold, to $2 trillion USD.
At the current trajectory, the total cost will reach $6 trillion by 2021.
7. Cryptojacking is on the rise.
In order to generate cryptocurrency (i.e. mining), a cryptocurrency miner needs to harness significant amounts of CPU power. This can be expensive to buy on its own – but it’s free if a hacker can steal this power instead.
Cryptojacking malware steals your CPU cycles to mine cryptocurrency, and it’s some of the fastest-growing malware out there, with 8 million attempts per month at the beginning of 2018.
8. Hackers are coming for your phone.
As if everything else weren’t enough, your phone is now a major target. Mobile malware targets older versions of Android apps, and malicious apps now populate both the Apple and Android app stores.
About 24,000 malicious apps are blocked every day — a volume that virtually guarantees at least a few malicious apps are getting through.
9. You’re not as ready as you think you are.
Despite the eight points you’ve read already, it’s likely that your home network or business still isn’t prepared for a cyberattack.
A survey of over 4,000 organizations shows that over 70% are unprepared to face down even the most basic attempt at a security breach.
10. You should be watching out for phishing attacks.
Even in the age of security awareness training, the vast majority of cyberattacks stem from phishing. 9 out of 10 cyberattacks start with a simple phishing email, and trick users into handing over important information.
Even if you think you’re savvy to this kind of threat, phishing attacks are becoming increasingly more invasive and more sophisticated every day.
11. Most malware comes via email.
In line with the study above, email is basically radioactive when it comes to cyberattacks. Out of 50,000 security incidents, email is responsible in 92% of cases.
Second place was taken by browser-based malware such as “drive-by-downloads” at a paltry 6%.
12. Most cybercriminals want cash.
Forget reasons such as petty revenge, industrial espionage, nation-state espionage, and simple activism/vandalism – most cybercriminals only want your money.
76% of attackers are motivated by financial gains, with organized criminals making up the majority of attackers.
13. Most customers think that their data is not protected.
With companies leaking data in security breaches left, right, and center, it’s understandable that customers feel that their data privacy is not getting the protection it deserves.
Only 25% of consumers feel safe that their data is not vulnerable to hacks, leaks, and security breaches.
14. Companies have started investing in privacy.
In response to consumers not feeling safe, large companies are beginning to invest in cybersecurity in order to head off mass customer desertions.
But even though it’s seen as important, only 10% of this investment in security will be driven by customers’ privacy concerns.
15. Small businesses are the most susceptible.
If your company has less than 1,000 employees, you are a prime target for malware.
Over 60% of attacks are directed toward this business category, which overwhelmingly lacks the budget and manpower to defend against serious threats.
Awareness is the Best Defense Against Malware
Malware is still a significant problem. Now more than ever, hackers are interested in breaking into your accounts, collecting your sensitive information, and stealing anything of value from you.
While having an antivirus program is an important first step, they can’t always protect you from your own computer behaviors like clicking harmful links or failing to update your software.
That’s why you need to stay informed, keep learning about the latest malware, and update your antivirus, browser, and operating system regularly in order to be prepared for tomorrow’s emerging threats today.
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