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2016 was truly the year of online extortion. Cyber threats reached an all-time high, with ransomware and Business Email Compromise (BEC) scams gaining increased popularity among cybercriminals looking to extort enterprises. A 752 percent increase in new ransomware families ultimately resulted in $1 billion in losses for enterprises worldwide, according to Trend Micro.
Trend Micro blocked nearly 82 billion threats in 2016, with ransomware and Business Emil Compromise (BEC) in particular causing havoc for organizations worldwide, according to a new report.
Speaking at RSA Conference 2017 Wendy Moore, director of user protection at Trend Micro, presented a session on going beyond next gen to deliver security with maximum impact.
On Wednesday, researchers Numaan Huq and Stephen Hilt from Trend Micro revealed at the RSA conference in San Francisco, California, that many IoT devices are lacking basic security and are visible using services such as the Shodan search engine, which is used to discover devices which are accessible from the Internet.
(#7) Trend Micro was pleased with its recommended rating by NSS Labs, saying Trend Micro OfficeScan Agent v12.0.1851 received “one of the highest malware protection scores with no false positives.” The vendor noted that scored as “100% effective against exploits and evasion,” but doesn’t mention the exact score handed out by NSS Labs. The graph notes that Trend Micro had “no observed evasions.”