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ICFE eNEWS #15-02 - January 7th 2015

ESET Researchers Release 2015 Cybercrime Predictions and Trends

ESET's Global Research Team Unveils the Top Security Risks in the Coming New Year

The "ICFE's Certified Identity Theft Risk Management Specialist" - CITRMS® educational and certification testing program is now in its eighth year with over 3500 certificants. The main purpose is to comprehensively prepare and equip law enforcement professionals, financial planners and CPA's, resolution advocates, notaries, lawyers, credit and debt counselors, through education, testing and computer software training, with the knowledge and skills necessary to help consumers and businesses fully assess and minimize their present risk of credit and identity theft. All of these professionals - who are now the front line of defense in the fight against credit and identity theft for their clients and constituents - will also have a heightened sense of awareness about this so-called silent crime.

ESET®, global pioneer in proactive protection for more than two decades, has compiled a summary of the top cybercrime trends and predictions for 2015. While internet privacy and Android malware dominated the industry in 2014, an increase of sophisticated cyber attacks and risks associated with the Internet of Things and mobile payments top the list of what ESET expects to see in 2015.

The Rise of Targeted Attacks
Targeted attacks will continue to become more sophisticated in 2015. Often referred to as Advanced Persistent Threats (APT), these attacks are different from traditional cyber attacks as they target a specific victim or group. They are often lurk undetected on less secure networks.

"Targeted attacks most commonly take advantage of social engineering techniques, where psychological manipulation is used to encourage potential victims into performing actions or divulging confidential information," said Pablo Ramos, head of the research lab at ESET Latin America. " Attacks also take the form of zero-day exploits, where attacks exploit newly discovered vulnerability on a particular operating system or application."

During 2014, ESET's WeLiveSecurity blog published a number of comprehensive, technical overviews of targeted attacks, such as the BlackEnergy campaign and Operation Windigo.

More Malware Coming to Mobile Payments
From BitCoin to Apple Pay, this past year saw a wave of innovative payment methods. But with the arrival of these new technologies, hackers are eager for a new challenge. The largest known digital payment attack to date occured in 2014, with a hacker reportedly harvesting more than $600,000 in Bitcoins and Dogecoins by using a network of infected machines.

"As users begin to adopt online payment systems as a means to pay for services and goods, these systems become more attractive to malware authors interested in financial gain," continued Ramos.

With U.S. banks adopting EMV by October 2015 and the growing popularity around tokenization, banking security is taking a step in the right direction, however we expect to see new banking-related trojans, ransomware and other forms of malware.

Internet of Things - New Toys for Hackers
As new devices connect to the Internet and store more data, they also become an attractive attack vector for cybercriminals. During 2014, we have seen evidence of this growing trend, with attacks on cars, televisions, biometric systems on smartphones, routers - not to mention Google glasses.

"The Internet of Things presents an emerging opportunity for cybercrime and should remain an area of focus for the security industry," said Camilo Gutierrez, senior security researcher at ESET Latin America. "While it may take years to become a serious prevalent threat, we must act now to better prevent these types of attacks."

ESET recently published a webinar focused on the security lessons learned in 2014. This webinar is aimed at helping businesses align their security procedures with industry best practices in the coming year.

For more information on security predictions and trends in 2015, please visit WeLiveSecurity.com.

About ESET
Since 1987, ESET® has been developing record award-winning security software that now helps over 100 million users to Enjoy Safer Technology. Its broad security product portfolio covers all popular platforms and provides businesses and consumers around the world with the perfect balance of performance and proactive protection. The company has a global sales network covering 180 countries, and regional offices in Bratislava, San Diego, Singapore and Buenos Aires. For more information visit Eset.com or follow us on LinkedIn, Facebook and Twitter.


ICFE eNEWS is available FREE upon request by visiting our Web site and filling out the contact form, and selecting "Yes" for "Add to Mailing List. Please pass this eNEWS on to your peers and interested others and invite them to subscribe for free. Also, visit the ICFE's new Web site: StudentDebtHelp.org

Sent by:

Paul S. Richard
President - Executive Director
Institute of Consumer Financial Education (ICFE)

About the ICFE:

The Institute of Consumer Financial Education (ICFE) was founded in 1982 by the late Loren Dunton (creator of the Certified Financial Planner (CFP) designation).  The ICFE is dedicated to helping consumers of all ages to improve their spending, increase savings and use credit more wisely. 
The ICFE is an award winning, nonprofit, consumer education organization that has helped millions of people through its education programs and Resources. It publishes the Do-It-Yourself Credit File correction Guide, which is updated annually. The ICFE has distributed over one million Credit/Debit Card Warning Labels and Credit/Debit Card Sleeves world wide.

The ICFE became an official partner with the Department of Defense/Financial Readiness Campaign in June of 2004.The ICFE was an active partner in the California Student Debt Resource Awareness Project (CASDRAP) which resulted in a new web site: (studentdebthelp.org).  CASDRAP disbanded in 2010, shortly after the web site project was completed.  In 2011 the ICFE assumed the single sponsorship of the (studentdebthelp.org) web site and is now responsible for its content and operation.

The ICFE is also an on-line help for consumers who spend too much.  ICFE's spending help was featured in PARADE Magazine in the Intelligence Report section. The money helps and tips are from the ICFE's Money Instruction Book, our course in personal finance.

Visit the ICFE's other web sites at: www.financial-education-icfe.org and studentdebthelp.org.  Both sites helps consumers and students with mending spending, learning about the proper use of credit, budget and expense guidelines, how to set up and implement a spending-plan and also how to access financial education courses and how to teach children about money. Other ICFE services include: Ask Mr. G,  a free eNews, and an online resource center for students, parents and educators, plus financial education learning tools and a book store.

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Home ] ICFE News Releases ] ICFE in the News ] Children and Money ] Financial Education ] Resource Center ] Credit Card Tips ][ Credit File Correction ] Mending Spending ] Links and Resources ]  [ Online Store ]

 

Copyright ©  1997 - by Paul S. Richard
and the Institute of Consumer Financial Education, All Rights Reserved.
View our
Privacy Policy Our Terms and Conditions

Institute of Consumer Financial Education
PO Box 34070
San Diego, Ca 92163
Paul S. Richard, Executive Director
Phone 619-239-1401

FAX 619-923-3284

Questions for www.financial-education-icfe.org Click to go to Website Contact Us or 
Website Design Donated by Desgn School Programs