FortiGuard Labs Predicts the Convergence of Advanced Persistent Threat Methods with Cybercrime

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[{"type":"text","content":"Advanced Persistent Cybercrime Enables New Wave of Destructive Attacks at Scale Fueled by Cybercrime-as-a-Service\nSUNNYVALE, Calif., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Derek Manky, Chief Security Strategist & VP Global Threat Intelligence, FortiGuard Labs“As cybercrime converges with advanced persistent threat methods, cybercriminals are finding ways to weaponize new technologies at scale to enable more disruption and destruction. They are not just targeting the traditional attack surface but also beneath it, meaning both outside and inside traditional network environments. At the same time, they are spending more time on reconnaissance to attempt to evade detection, intelligence, and controls. All of this means cyber risk continues to escalate, and that CISOs need to be just as nimble and methodical as the adversary. Organizations will be better positioned to protect against these attacks with a cybersecurity platform integrated across networks, endpoints, and clouds to enable automated and actionable threat intelligence, coupled with advanced behavioral-based detection and response capabilities.” News SummaryFortinet® (NASDAQ: FTNT), a global leader in broad, integrated, and automated cybersecurity solutions, today unveiled predictions from the FortiGuard Labs global threat intelligence and research team about the cyberthreat landscape for the next 12 months and beyond. From quickly evolving Cybercrime-as-a-Service (CaaS)-fueled attacks to new exploits on nontraditional targets like edge devices or online worlds, the volume, variety, and scale of cyberthreats will keep security teams on high alert in 2023 and beyond. Highlights of the predictions can be found below, but for a more detailed view of the predictions and key takeaways for CISOs, read our blog. 1) Success of RaaS is a Preview of What Is to Come with CaaS Given cybercriminal success with Ransomware-as-a-Service (RaaS), a growing number of additional attack vectors will be made available as a service through the dark web to fuel a significant expansion of Cybercrime-as-a-Service. Beyond the sale of ransomware and other Malware-as-a-Service offerings, new a la carte services will emerge. CaaS presents an attractive business model for threat actors. With varying skill levels they can easily take advantage of turnkey offerings without investing the time and resources up...

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