Norton Labs Releases New Consumer Cyber Safety Pulse Report

Rhea-AI Summary

Norton Labs, part of NortonLifeLock, released its first Consumer Cyber Safety Pulse Report, highlighting key cybersecurity trends from Q1 2021. Phishing remains the top threat, with 49.6 million attempts detected. Notable spikes in illicit coinmining and ransomware, up 35% since late 2020, are driven by cryptocurrency's popularity. Additionally, cybercriminals are increasingly targeting gamers with malicious software, and instances of stalkerware grew by 20%. The report emphasizes the ongoing evolution of cyber threats in a post-pandemic landscape.

Positive

• Norton Labs detected 49.6 million phishing attempts, showcasing its proactive cybersecurity measures.
• Report highlights the adaptability of cybercriminals, suggesting increased demand for NortonLifeLock's cybersecurity services.

Negative

• Rise in ransomware campaigns requiring cryptocurrency payments indicates evolving threats that could undermine consumer trust.
• 20% increase in stalkerware instances suggests a growing risk for consumers.

Today, Norton Labs, NortonLifeLock’s global research team, 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. Phishing campaigns remained the number one threat to consumer Cyber Safety, with top scams relating to the pandemic, including vaccine-oriented, financial relief, and tech support scams¹.

(Graphic: Business Wire)

“Our renowned Norton Labs group is at the forefront of identifying and analyzing the latest trends in cybercrime, and it’s clear through their analysis that cybercriminals continue to find new ways to capitalize 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.

Additional insights from the Consumer Cyber Safety Pulse Report include:

• 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. Cybercriminals are taking advantage of the price trend and increasingly spreading coinminer malware that exploits 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.

• Cybercriminals continue targeting gamers: In addition to phishing campaigns, “Trojanized” 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 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.

For more information and Cyber Safety guidance, visit the Norton Internet Security Center.

About NortonLifeLock Inc.

NortonLifeLock Inc. (NASDAQ: NLOK) is a global leader in consumer Cyber Safety, protecting and empowering people to live their digital lives safely. We are the consumer’s trusted ally in an increasingly complex and connected world. Learn more about how we’re transforming Cyber Safety at www.NortonLifeLock.com.

---

¹ No one can prevent all cybercrime or identity theft.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210610005156/en/

FAQ

What are the key findings from NortonLifeLock's Consumer Cyber Safety Pulse Report?

The report reveals phishing as the top threat, with 49.6 million attempts, and significant rises in ransomware and stalkerware incidents.

How much did ransomware campaigns increase according to the report?

Ransomware campaigns requiring payment in cryptocurrency increased by 35% from late 2020 to early 2021.

What cybersecurity threats were highlighted in the Norton Labs report for Q1 2021?

The report highlighted phishing, ransomware, illicit coinmining, and stalkerware as significant threats.

How is cryptocurrency influencing cybercrime trends according to NortonLifeLock?

Increased cryptocurrency use has led to more illicit coinmining and ransomware campaigns, making consumers vulnerable.

What does the report say about the targeting of gamers?

The report indicates a growth in 'Trojanized' crack campaigns specifically aimed at the gaming community.