Rapid change has been noticed since Europol opens up the Internet Organized Crime Threat Assessment (IOCTA) Report of last year. There is a new way of living with the use of the internet after the global COVID 19 pandemic hit the world. The use of the internet for every sec use has made mandatory growth of cybercrime on a large scale. It is now a new normal to shop, learn, and work online. Europol publishes this statement in the 7th annual IOCTA. The goal of the IOCTA is to map the cybercrime threat landscape and learn how law enforcement responds to it.
In the last 12 months, cybercrime has matured into a serious reality. The conditions created by the global pandemic have accelerated the pace of change in the cyber world. With increased digitalization came the increased threat of cyber-attacks. The primary cybercrime tendencies driven by COVID-19 are mentioned in Europol’s Internet Organized Crime Threat Assessment.
Ransomware groups have used the pandemic to undertake sophisticated and targeted attacks. Organized crime groups and their associates continue to carry out well-planned manual attacks, mostly against large corporations.
The Solar Winds and Kaseya breaches show how hackers profit from targeting the weakest connections in digital supply networks. DDoS assaults have also resurfaced, with businesses, financial institutions, and service providers being targeted.
Threat actors are increasingly relying on grey infrastructure to improve their operational security.
Rogue bit coin exchanges, bulletproof holsters, and VPNs are all available through grey infrastructure services, which serve as a haven for adversaries. As a result, criminal investigations have been made more difficult.
Through victim reconnaissance, ransomware attacks have gotten more sophisticated, focusing on specific public and private sector organizations.
Ransomware assaults on the healthcare business were occurring long before the crisis, while the COVID-19 epidemic has sparked an uptick in cybercrime.
Cybercriminals have turned mobile malware into a scalable business by building overlay assaults, SMS spamming, and 2FA disruption, thus it gets its section. Let’s take a look at the top dangers that are currently wreaking havoc on the mobile threat landscape.
Malicious apps – malware-infected apps have grown in popularity, particularly those targeting Android smartphones. An upgraded version of GravityRAT was recently discovered targeting high-profile Indian targets to steal sensitive information.
Cyber enemies are merciless and relentless in the pursuit of their nefarious goals. Given the foregoing results and facts, the first action should be to raise awareness of various types of cybercrime. Furthermore, putting in place proactive cybersecurity defenses would ensure that such intrusions and threats are protected and remedied.