Cisco: Worldwide cyber security threats set to rise as economy slows down

Cisco report warns of more sophisticated, targeted internet attacks, says spam accounts for nearly 200 billion messages each day, approximately 90 per cent of worldwide e-mail.

Cisco has warned that internet-based attacks are becoming increasingly sophisticated and specialised as profit-driven criminals continue to hone their approach to stealing data from businesses, employees and consumers. In the 2008 edition of the Cisco Annual Security Report, the company identifies the year’s top security threats and offers recommendations for protecting networks against attacks that are propagating more rapidly, becoming increasingly difficult to detect, and exploiting technological and human vulnerabilities.

“Every year we see threats evolve as criminals discover new ways to exploit people, networks and the internet. This year’s trends underscore how important it is to look at all basic elements of security policies and technologies,” said Patrick Peterson, Cisco fellow and chief security researcher.

According to the report:

• The overall number of disclosed vulnerabilities grew by 11.5 per cent over 2007;
• Vulnerabilities in virtualisation technology nearly tripled from 35 to 103 year over year;
• Attacks are becoming increasingly blended, cross-vector and targeted;
• Cisco researchers saw a 90 per cent rise in threats originating from legitimate domains, nearly double what was seen in 2007;
• The volume of malware successfully propagated via e-mail attachments is declining. Over the past two years (2007-2008), the number of attachment-based attacks decreased by 50 per cent from the previous two years (2005-2006).
• According to Cisco, spam accounts for nearly 200 billion messages each day, approximately 90 per cent of worldwide e-mail. The US is the biggest source at 17.2 per cent. Other countries who contribute spam include Turkey (9.2 per cent), Russia (eight per cent), Canada (4.7 per cent), Brazil (4.1 per cent), India (3.5 per cent), Poland (3.4 per cent), South Korea (3.3 per cent), Germany and the UK (2.9 per cent each).

• Phishing. While targeted spear-phishing represents about one per cent of all phishing attacks, it is expected to become more prevalent as criminals personalise spam and make messages appear more credible.
• Botnets. Botnets have become a nexus of criminal activity on the internet. This year, numerous legitimate Web sites were infected with IFrames, malicious code injected by botnets that redirect visitors to malware-downloading sites.
• Social engineering. The use of social engineering to entice victims to open a file or click links continues to grow. Cisco expects that in 2009, social engineering techniques will increase in number, vectors and sophistication.
• Reputation hijacking. More online criminals are using real e-mail accounts with large, legitimate Web mail providers to send spam. Reputation hijacking offers increased deliverability because it makes spam harder to detect and block. Cisco estimates that in 2008 spam resulting from e-mail reputation hijacking of the top three Web mail providers accounted for less than 1 per cent of all spam worldwide but constituted 7.6 per cent of the providers’ mail traffic.

Findings for the report came in part from Cisco Security Intelligence Operations, an aggregation of tightly integrated data and security services derived from multiple Cisco divisions and devices to continuously assess and correlate Internet threats and vulnerabilities. In 2009, researchers from Cisco security teams say they will be watching the following trends closely:

• Insider threats. Negligent or disgruntled employees can threaten corporate security. The global economic downturn may prompt more security incidents involving employees, making it crucial for IT, HR, and other lines of business to collaborate on mitigating threats;
• Data loss. Whether through carelessness, breaches by hackers, or from insiders, data loss is a growing problem that can lead to grave financial consequences. Technology, education and clear, well-enforced data security policies can make compliance easier and reduce incidents;
• Mobility, remote working, and new tools as risk factors. The trend toward remote working and the related use of Web-based tools, mobile devices, virtualisation, ‘cloud computing’ and similar technologies to enhance productivity will continue in 2009. It will be a challenge for security personnel. The edge of the network is expanding rapidly, and the increasing number of devices and applications in use can make the expanding network more susceptible to new threats.