15 Jun 2021
Story image

Phishing remains number one threat to cyber safety, while stalkerware, gaming attacks are on the rise

By Shannon Williams

Phishing campaigns remain the number one threat to consumer cyber safety, according to the latest research from NortonLifeLock.

Norton Labs, NortonLifeLock’s global research team, has launched its first quarterly Consumer Cyber Safety Pulse Report, tapping into the company’s breadth of threat telemetry to reveal the top cybersecurity trends from January to March 2021.

The report found the top scams related to the pandemic, including vaccine-oriented, financial relief, and tech support scams. Ransomware, stalkerware, illicit coinmining, and gaming threats are also on the rise.

“Our renowned Norton Labs group is at the forefront of identifying and analysing the latest trends in cybercrime, and it’s clear through their analysis that cybercriminals continue to find new ways to capitalise off of the pandemic,” says Darren Shou, head of technology, NortonLifeLock.

“Over the next three months, we can expect scammers to tap into the gradual shift to a post-COVID state as people start to return to work, travel and engage in social activities.”

Norton blocks more than 900 million threats on average every 100 days. Between January 2021 and March 2021, 49.6 million phishing attempts, 46.3 million file-based malware, 686,000 mobile-malware files and 536,137 ransomware detections were reported. During this time, the majority of scams were designed to trick consumers into sharing their personal and financial information in an attempt to steal their money.

The report found the popularity of cryptocurrency is driving spikes in illicit coinmining and ransomware. 

"Coinmining has come roaring back with the price of Bitcoin quadrupling over the past year," the report says.

"Cybercriminals are taking advantage of the price trend and increasingly spreading coinminer malware that exploit’s consumers’ computer resources (i.e., processor, graphics card, memory and network bandwidth) for illicit mining activities – victims could see a spike in their electric bills as a result."
 
Similarly, now that consumers have easy access to cryptocurrencies through services like Coinbase, Robinhood and PayPal, there has been a parallel rise in ransomware campaigns requiring payment in cryptocurrency, with a 35% increase from late 2020 to early 2021.

The report found cybercriminals are continuing to target gamers. 

In addition to phishing campaigns, “Trojanised” crack campaigns are an increasing threat targeting the gaming community. These cracks are being distributed from sites that show up very early in Google searches and trick gamers into manually disabling antivirus protection while infecting their system with a variety of highly malicious software.
 
Stalkerware is also on the rise. Instances of stalkerware, malware designed to secretly monitor victims’ activities on their devices, increased by 20% from November 2020 to January 2021. Norton Labs also detected a surge in emails purporting to sell stalkerware.

Recent stories
More stories