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July 06, 2017 at 07:29 AM
Mobile ransomware attacks focus on wealthy countries. An annual report from Woburn, Mass.-based Kaspersky Lab showed the United States leading the ransomware list, followed by Canada, Germany and the United Kingdom.
The report from April 2016 to March 2017 revealed mobile ransomware activity skyrocketed in the first quarter of 2017 with 218,625 mobile Trojan-ransomware installation packages, which is 3.5 times more than in the previous quarter.
Despite a small reprieve, the mobile threat landscape is still arousing anxiety, as criminals target nations with developed but easily compromised financial and payment infrastructures. Developed markets not only have a higher level of income, but also more advanced and widely used mobile and e-payment systems.
(Related: What Advisors Learned From the WannaCry Attack)
In early 2017, Kaspersky Lab’s researchers discovered an emerging and dangerous trend: more and more cybercriminals turning their attention from attacks against private users to targeted ransomware attacks against businesses.
The attacks primarily focused on financial organizations worldwide. Kaspersky Lab’s experts have encountered cases where payment demands amounted to over half a million dollars.
The report warned, “The trend is alarming as ransomware actors start their crusade for new and more profitable victims. There are many more potential ransomware targets in the wild, with attacks resulting in even more disastrous consequences.”
The rise in attacks on the United States, according to the Kaspersky report, occurred largely due to the Svpeng and Fusob malware families. While Svpeng mainly targets America, Fusob initially focused on Germany, but since Q1 2017 targeted the U.S. more with 28% of its attacks.
In the period of 2015-2016, Germany was the country with the highest percentage of mobile users attacked with mobile ransomware (almost 23%), as a proportion of users attacked with any kind of mobile malware. It’s followed by Canada (almost 20%), the U.K. and the U.S., exceeding 15%.
This changed in 2016-2017 with the U.S. shifting from fourth to first position (almost 19%). Canada and Germany retained their top-three ranking with almost 19% and over 15% respectively, leaving the U.K. ranked fourth place with more than 13%.
