SonicWall illustrates ransomware attack variants increased by 101 percent

    SonicWall, an American company selling products and services related to Internet security has illustrated in its recent security report that ransomware variants have increased by 10 percent in the past couple of years. However, the security services provider has confirmed that Ransomware attacks dropped from 638 million to 184 million between 2016 and 2017.

    The San Jose based company which claims to be protecting more than 1 million networks worldwide said in its security report that more than 9.32 billion malware attacks were recorded in 2017 and saw more than 12,500 new Common Vulnerabilities and Exposures (CVE) in the said year.

    “The current cyber trend is evolving into a cyber arms race where governments, private and public firms, businesses and individuals seem to be affected. And it cannot be one by any one of us”, said Bill Conner, CEO, SonicWall. He said that his company’s proprietary data and findings show a series of strategic attacks and countermeasures as the cyber arms race continues to escalate.

    Conner said that his company’s security researchers identify almost 500 new previously unknown malicious files each day which accounts to 15000 every month and to 200,000(Approx) every year.

    Although law enforcement agencies of the United States and other countries are doing their part in disrupting the malware supply chain and suppressing the rise of hackers and ransomware authors, still the malware menace seems to be rising on a healthy note. This is due to the fact that cybercriminals are becoming more sophisticated in conducting business, including dynamic cryptocurrency wallets and using different virtual currencies like Monero, Ethereum, Litecoin and such.

    In addition to these findings, SonicWall Annual Cyber Threat Report also recommends best practices and security predictions for 2018 which is available for download from the official website.

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    Naveen Goud
    Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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