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Tuesday, February 18, 2020
Home Business Sunday Business & I.T. Four types of cyberthreats you should know

Four types of cyberthreats you should know

 

After analyzing over 6.5 trillion threats from the cloud worldwide, Microsoft shares its Security Intelligence Report, which identifies the top four cyberthreats Filipinos encounter every day.

Targeted ad or malware?

Malware is the term used to describe all programs that could disturb, destroy or get access to a computer system without permission. This may come in the form of a file or a code that destroys personal files on one’s computer or within their network. It could cause impaired usability, data loss, intellectual property theft and monetary loss.


According to Microsoft, the Philippines experiences malware 124 percent higher than the global average and 63 percent higher than the Asia Pacific (APAC) region.

With more digital transactions done every day, cyberattackers find more ways to destabilize and attack end-users. Other forms of malware such as cryptojacking, ransomware, and drive-by downloads also join the list as top cyberthreats Filipinos should watch out for.

Fast battery drain or ‘cryptojacking’?

Investing in Bitcoin, Ethereum or other cryptocurrencies is very enticing with its possible high returns, and when done at the right time, relatively low investment. But, high yield also attracts cybercriminals who find creative ways to bypass security measures. Dubbed “cryptojacking,” these attacks uses one’s gadgets’ resources to mine cryptocurrency, with fast battery drain as one of the most obvious indicators. Cryptojacking is too common that even those who are not investing in cryptocurrency could be exposed by simply visiting a website or downloading mobile games with hidden cryptocurrency mining scripts.
The Philippines has these attacks 114 percent more than the APAC region and 150 percent more than the other parts of the world.

Ransomware

Ransomware is technically malware, but this time, an exchange of money is involved before the files are released to the victim.


According to experts, ransomware is the easiest type of cyberattack and it is to no one’s surprise that this is the most common digital threat. The Philippines remains highly susceptible to these attacks, with incidents 36 percent more than the APAC region and 80 percent more than the global.

Drive-by downloads

Drive-by download is a malicious software code that is unintentionally installed to a computer or mobile device. It attacks any app, operating system or trusted web browser that contains security flaws after undergoing an update. It latches on to trusted things and installs itself once it finds a gateway to the system. With this, an innocent download or doing routine update could easily lead to a cyberattack even if one takes extra caution.

The Philippines has more incidents of drive-by downloads than the APAC region by 36 percent and worldwide average by 67 percent.

Online precaution and vigilance

Being online is closely interlaced in most of modern Filipino workers’ lives. With the number of cyberattacks increasing at an alarming rate, understanding the types of threats one could be exposed to is crucial. At the end of the day, the best type of protection is acknowledging the danger beforehand and finding ways to avoid them.

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Today’s Front Page February 18, 2020

Today’s Front Page February 18, 2020