STOCK TITAN

Avast Blocks Record Breaking 10 Billion Attacks in 2023, Nearly a 50% Increase from Previous Year

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Negative)
Tags
Rhea-AI Summary
Avast, a leader in digital security and privacy and brand of Gen™ (NASDAQ: GEN), blocked an unprecedented 10 billion attacks in 2023 for a remarkable 49% increase year-over-year. The latest quarterly Avast Threat Report reveals that scams, phishing, and malvertising continue to account for more than 75% of all cyber threats. The report highlights the surge in malware attacks utilizing PDF files and new techniques of exploiting Google to steal information. Avast researchers observed a spectrum of PDF-related threats and scams, ranging from simple lottery and dating scams to sophisticated threats like password stealers. The use of malicious browser push notifications escalated, becoming a preferred tool for scammers across various domains. Deepfake videos, especially those endorsing investment scams, displayed a heightened level of sophistication in the final quarter of the year. The report also discusses the new and interesting stealing capability which was rapidly adapted by information stealers: abusing the Google OAuth endpoint for recovering authentication cookies.
Positive
  • None.
Negative
  • The surge in cyber threats and attacks indicates the growing sophistication of cybercriminals, posing a significant challenge to digital security and privacy. The use of new techniques like exploiting Google to steal information and the adaptation of advanced methods like deepfake videos for scams highlight the evolving nature of cyber threats, making it increasingly difficult to distinguish between real and fabricated content.

Insights

The significant increase in cyber threats, as reported by Avast with a 49% year-over-year surge, indicates a growing challenge for businesses in maintaining digital security. The transition from social engineering to exploiting digital mediums like PDF files and deepfakes represents an evolution in cybercriminal tactics. This shift necessitates a reassessment of cybersecurity strategies, as traditional defenses may be less effective against these sophisticated methods.

Businesses must now consider the implications of such threats on their operations and reputation. The rise in PDF-based attacks, for example, could lead to increased scrutiny of document management and email security protocols. Companies should also be aware of the potential for deepfake technology to compromise trust in digital communications, which could have far-reaching effects on customer relations and brand integrity.

The exploitation of Google OAuth endpoints for stealing authentication cookies raises significant data privacy concerns. The ability for threat actors to access login information and sensitive data could lead to breaches of personal and corporate data, with substantial legal and financial repercussions. This highlights the importance of robust privacy measures and the need for continuous monitoring and updating of access management systems.

Organizations must ensure compliance with data protection regulations such as GDPR and CCPA, as failure to protect user data can result in hefty fines and loss of consumer trust. Furthermore, the use of authentication cookies by attackers underscores the need for multi-factor authentication and advanced monitoring to detect unusual access patterns.

The report by Avast indicates a heightened level of risk for IT infrastructure, with the adoption of malware-as-a-service stealers such as Lumma. This trend suggests that cybercriminals are not only becoming more sophisticated but are also leveraging economies of scale, which can lead to an increase in the frequency and severity of attacks.

Organizations must evaluate their risk management strategies and consider investments in advanced threat detection and response capabilities. It is crucial to adopt a proactive approach to IT security, integrating regular security assessments and employee education on the latest threats. The cost of such investments should be weighed against the potential damages of a cyber incident, including operational disruption, data loss and reputational damage.

Malicious push notifications, PDF deception, cookie exploiting information stealers and more in Q4 2023

TEMPE, Ariz. and PRAGUE, Feb. 7, 2024 /PRNewswire/ -- Avast, a leader in digital security and privacy and brand of Gen™ (NASDAQ: GEN), blocked an unprecedented 10 billion attacks in 2023 for a remarkable 49% increase year-over-year. According to the latest quarterly Avast Threat Report, which looks at the threat landscape from October-December 2023, scams, phishing and malvertising continue to account for more than 75% of all cyber threats. These threats often leverage malicious push notifications and new AI methods such as deepfakes to lure victims into sophisticated financial fraud. The past quarter was also marked by a surge in malware attacks utilizing PDF files and new techniques of exploiting Google to steal information.

"In the past three months, we have seen cybercriminals move from relying only on social engineering to further exploiting trusted digital mediums, be it highly believable deepfake video scams or threats spreading through PDF files," explains Jakub Křoustek, Malware Research Director for Avast. "This trend not only reflects the ever-changing methods of cybercriminals but also highlights the vulnerabilities inherent in our everyday digital life. Now more than ever, people need to verify what they encounter online and utilize tools to help stay safe."

Careful What You Open: PDF File Deception

In the last quarter of 2023, Avast blocked more than 10 million PDF-based attacks, protecting more than 4 million users worldwide. Threat actors turned their attention to PDF files in the final months of the year, weaving a complex web of attacks. Avast researchers observed a spectrum of PDF-related threats and scams, ranging from simple lottery and dating scams, to documents containing deceptive information such as phishing links directing people to pages mimicking well-known brands like Netflix or Amazon. Researchers also saw an uptick in complex campaigns delivering more sophisticated threats like password stealers such as AgentTesla.

The proliferation of PDF-based cyber threats underscores a significant shift in the tactics of cybercriminals. PDF files are popular due to their platform-agnostic nature, which allows them to be seamlessly opened from any device, making them the ultimate delivery payload. Furthermore, PDF attachments are often allowed by default by spam gateways, adding another layer of vulnerability.

Scams Get More Aggressive, From Push Notifications to Deepfakes

Web threats continued to dominate, with scams, phishing, and malvertising ranking as the top threat types overall. The use of malicious browser push notifications escalated, becoming a preferred tool for scammers across various domains, from adult content sites to technical support scams.

Beyond the methods of delivery for scams, AI continues to help criminals create more believable scams. Deepfake videos, especially those endorsing investment scams, displayed a heightened level of sophistication in the final quarter of the year, challenging the ability to distinguish between real and fabricated content.

Information Stealers Exploit Cookies

The final quarter of 2023 also brought a new and interesting stealing capability which was rapidly adapted by information stealers: abusing the Google OAuth endpoint, which is used for synchronizing accounts across Google services, for recovering authentication cookies. This type of cookie can store a unique identifier that verifies a user's identity and permissions when accessing websites. With authentication cookies, threat actors are able to gain access to login information and other sensitive data. One of the first info-stealers to adapt this technique was Lumma, a rapidly rising malware-as-a-service stealer, with others quickly following.

For more information and to read the full Avast Q4/2023 threat report, visit https://decoded.avast.io/threatresearch/avast-q4-2023-threat-report

About Avast

Avast is a leader in digital security and privacy, and part of Gen™ (NASDAQ: GEN), a global company dedicated to powering Digital Freedom with a family of trusted consumer brands. Avast protects hundreds of millions of users from online threats, for Mobile, PC or Mac are top-ranked and certified by VB100, AV-Comparatives, AV-Test, SE Labs and others. Avast is a member of the Coalition Against Stalkerware, No More Ransom and Internet Watch Foundation. Learn more at Avast.com. Visit: www.avast.com.

Brittany Posey-Thomas

Courtney Rowles

Gen

Edelman for Gen

Press@GenDigital.com

Courtney.Rowles@edelman.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/avast-blocks-record-breaking-10-billion-attacks-in-2023-nearly-a-50-increase-from-previous-year-302056082.html

SOURCE Gen Digital Inc.

FAQ

How many attacks did Avast block in 2023?

Avast blocked an unprecedented 10 billion attacks in 2023.

What are the top threat types according to the Avast Threat Report?

The top threat types according to the Avast Threat Report are scams, phishing, and malvertising, which account for more than 75% of all cyber threats.

What new techniques of exploiting Google to steal information were observed in the report?

The report highlights the new technique of abusing the Google OAuth endpoint for recovering authentication cookies, allowing threat actors to gain access to login information and other sensitive data.

What is the significance of the surge in PDF-based cyber threats?

The surge in PDF-based cyber threats underscores a significant shift in the tactics of cybercriminals, as PDF files are popular due to their platform-agnostic nature and ultimate delivery payload.

What type of videos displayed a heightened level of sophistication in the final quarter of 2023?

Deepfake videos, especially those endorsing investment scams, displayed a heightened level of sophistication in the final quarter of 2023.

Gen Digital Inc.

NASDAQ:GEN

GEN Rankings

GEN Latest News

GEN Stock Data

18.44B
559.19M
9.25%
86.59%
2.37%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
TEMPE