Kaspersky Lab’s researchers have discovered that more and more cyber criminals are turning their attention to malicious software that is mining cryptocurrencies at the expense of users’ mobile devices.Read More >
Cybercriminals could be raking in profits 20 times greater than the cost of their attacks, according to figures compiled by Kaspersky Lab experts. Their research compared the cost of the most frequently used hacker tools with the money stolen in a successful malicious operation.
"Buying malware is currently not a problem: it’s easy to find them on various hacker forums, and they are relatively cheap, making them attractive. A cybercriminal following this illegal path doesn’t even need any skills – for a fixed price they can get an off-the-peg package to launch their attacks at will. As a result, users need to be especially careful to ensure they don’t lose their money or data. They should also protect their devices and all online operations performed on them, using a specialized solution such as Kaspersky Internet Security - multi-device”, says Alexander Gostev, Chief Security Expert at Kaspersky Lab.
For example, creating a phishing page to mimic a popular social network and setting up a spam mass mailing linking to the fake site currently costs an average of $150. However, if the users catch 100 people they can net up to $10,000 by selling sensitive data. The victims, in turn, lose their valuable contacts, personal photos and messages.
A mobile Trojan blocker is much more expensive - today it costs $1000 on average to buy and distribute the malware. However, the "payoff" is also much higher. The prices that the attackers set for unblocking a smartphone vary from $10 to $200 which means that from 100 potential victims they can get up to $20, 000.
The same sum can be earned by using encrypting ransomware but the "initial investment" will be twice as high - about $2,000. The users’ losses will be also higher because the minimum sum of the ransom requested by the fraudsters for decrypting the data is usually $100.
To really hit the jackpot, fraudsters look for banking Trojans that target money directly. After spending about $3,000 on the malware, the exploit and a spam mailing to spread them around, cybercriminals could scoop up to $72,000. The average loss of an individual victim is $722.
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