What are the biggest threats to consumers?
While email remains a significant attack vector for cybercriminals, they continue to experiment with new attack methods across mobile devices and social networks to reach more people, with less effort. For example, 70 percent of social media scams are shared manually, and attackers take advantage of people’s willingness to trust content shared by their friends.
Social media scams can provide cybercriminals with quick cash, but many rely on more lucrative and aggressive attack methods like ransomware. Ransomware is a type of malware that can lock a device or files saved on the device, rendering it unusable. Victims will be offered a key to decrypt their files, but only after paying a ransom that can range from ZAR3000-ZAR5000—and there’s no guarantee their files will be freed. Symantec also found that 17 percent of all Android apps were actually malware in disguise—that’s nearly one million total apps. Greyware apps accounted for 36 percent of all mobile apps; these apps aren’t malicious by design but are often annoying and can do inadvertently harmful things like track user behaviour.