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Avast (LSE:AVST) released its Q4/2021 threat report, indicating a surge in cyberattacks exploiting the Log4j vulnerability, causing increased activity from coinminers, RATs, and botnets. Despite a worrying 40% rise in coinminers and the revival of the Emotet botnet, Avast reported notable declines in ransomware and RAT attacks, with ransomware risk decreasing by 28% compared to Q3/2021. The report highlighted the persistence of adware and tech support scams targeting consumers, as well as the emergence of mobile threats like Ultima SMS and Facestealer.
On January 11, 2022, Avast (LSE:AVST), a leader in digital security, announced an update for its Avast Free Antivirus and Avast Premium Security for Windows. This update introduces a new Firewall in the Free version to protect users against network attacks. Premium Security has enhanced Firewall features for advanced protection against data leaks and malicious scans. Avast's antivirus products rank highly in independent tests, with Free Antivirus achieving a 100% malware detection rate in November 2021. This update emphasizes Avast's commitment to providing robust security solutions for free.
Avast (LSE:AVST) has announced its acquisition of Evernym, a pioneer in self-sovereign identity solutions. This strategic move aims to enhance consumer trust by providing decentralized digital identities, empowering users to control their personal data. With Evernym's technology already utilized in key sectors such as travel and finance, Avast plans to leverage this acquisition to expand its offerings and restore trust in digital interactions. The acquisition is expected to close by mid-December 2021, with products based on Evernym's technology set for general availability in 2022.
Avast announced enhanced privacy features for its Avast One integrated service on Dec. 6, 2021. The new additions include Tracking Prevention, Private Mode, Smart VPN, and Kill Switch, aimed at protecting user information online. Avast One is now available in more countries, including France, Germany, Switzerland, and Austria. The service is offered in different versions: Essential, Individual, and Family. The 'Privacy Advisor' feature helps users better manage privacy settings on popular platforms.
Avast has partnered with celebrity chef Carla Hall for the "Accept All Cookies?" campaign, aimed at educating consumers about online privacy and cookie management. A survey revealed that 75% of Americans are concerned about online security, yet many struggle with cookie settings. The campaign includes educational content and cookie recipes to simplify online privacy. Avast stresses the importance of controlling cookie habits and protecting devices with cybersecurity tools. The initiative seeks to empower users with knowledge and tools for safer online experiences.
Avast (LSE:AVST) reported a surge in cyber threats during 2021, particularly due to the ongoing influence of the Covid-19 pandemic. Ransomware attacks targeting consumers increased by 38%, while businesses faced a 32% rise in ransomware risks. Notable scams included sextortion and tech support fraud, with over 500,000 sextortion attempts blocked. Malware focused on cryptocurrency, such as Crackonosh and BluStealer, contributed to significant losses. Mobile threats, especially adware, also escalated, affecting user data globally. Avast aims to enhance public awareness of these cyber risks as we move into 2022.
Avast has upgraded its free browser extension, now named Avast Online Security & Privacy (AOSP), enhancing its features for better digital protection. The extension offers improved anti-tracking, advertising opt-out, and phishing protection, while introducing the Privacy Advisor for user-friendly privacy settings adjustments. AOSP is designed to simplify online privacy management across major browsers, supporting users in regaining control over their data. The software is available globally in multiple languages and is compatible with browsers like Google Chrome and Firefox.
Avast's Q3 2021 Threat Report highlights a 22% increase in ransomware attacks compared to Q1, with notable incidents including the Sodinokibi/REvil ransomware targeting Kaseya. The report also flags the rise of Remote Access Trojans (RATs), such as FatalRAT, posing risks to both businesses and individual privacy. Additionally, rootkit activity surged, and exploit kits like PurpleFox were prevalent. The report details how mobile threats, particularly the FluBot Android malware, adapted their tactics to trick users into downloading malicious software.
The Global Fund for Children (GFC) and Avast Foundation announced the launch of the Spark Fund, dedicated to supporting youth-led initiatives addressing injustice and inequality. This initiative aims to empower young leaders worldwide, particularly in regions such as Africa, the Americas, Asia, and Europe. The first grants will target organizations in Armenia, Georgia, Moldova, and Ukraine, with a participatory grantmaking process involving regional youth panels. The Spark Fund seeks additional funding and emphasizes democratic decision-making, capacity development, and innovative technology.
