Bengaluru, Dec 15 (IANS) Cyber attackers will use more sophisticated tools in 2019 to take advantage of the changing technology landscape and prey upon evolving corporate technology environments especially Cloud, cyber security firm Trend Micro has said.
The attackers will leverage proven methods against growing Cloud adoption, the firm said in its report late Friday, adding that more vulnerabilities will be found in Cloud infrastructure, such as containers, and weak Cloud security measures will allow greater exploitation of accounts for cryptocurrency mining.
This will lead to more damaging breaches due to misconfigured systems.
"As we head into 2019, organisations must understand the security implications of greater cloud adoption, converging IT and OT, and increasing remote working," said Greg Young, Vice President of Cybersecurity for Trend Micro.
"Cybercriminals will continue to follow a winning formula - exploiting existing flaws, social engineering and stolen credentials - to drive profits," he added.
Trend Micro suggested that as both the corporate attack surface and unknown cyber threats increase, it's more important than ever for organisations to put more resources behind employee education to help protect against these growing attacks.
Since 2015, the number of phishing URLs blocked by Trend Micro has increased by nearly 3,800 per cent.
Additionally, attackers will continue to rely on known vulnerabilities that remain unpatched in corporate networks for 99.99 per cent of exploits, as this remains a successful tactic, said the report.
"The full range of known and unknown threats can never be addressed by one single technology. In 2019, enterprises should not look for a silver bullet, but a mix of threat defense techniques that complement each other and work together," suggested Nilesh Jain, Vice President, India and Southeast Asia, Trend Micro.
Attackers will also implement emerging technologies like Artificial Intelligence (AI) to better anticipate the movements of executives.
"This will lead to more convincing targeted phishing messages, which can be critical to Business Email Compromise (BEC) attacks. Additionally, it is likely that BEC attacks will target more employees who report to C-level executives, resulting in continued global losses," said the report.
New Delhi, Dec 15 (IANS) The Enforcement Directorate (ED) on Saturday said it has seized assets worth Rs 20.87 crore of Dabur India Director Pradip Burman and properties worth Rs 10.28 crore of Emmar MGF Managing Director Shravan Gupta, for holding assets abroad.
The Directorate said that seizure order was issued pursuant to investigation which revealed that Burman has deposited US$32,12,000 in his account with Zurich branch of the HongKong and Sanghai Banking Corporation (HSBC), in Switzerland.
The agency said in a statement, the money deposited was in contravention of the Foreign Exchange Management Act (FEMA), and the amount had not been remitted to India to date.
The ED said the seizure of assets of Gupta were made for holding US$15,40,650 in HSBC, Switzerland in contravention of the FEMA.
"Investigation conducted so far has revealed that Gupta had parked US$15,40,650 with HSBC, Switzerland and failed to produce any evidence of bringing the entire amount back to India to date," the agency said.