The current state of cybercrime 2014


RSA has released a trends report outlining the Cybercrime landscape in 2014, as well as the security challenges and developments that organisations will face over the next year. To download a full copy of the 2014 RSA Cybercrime Report click here.

According to RSA and The Current State of Cybercrime 2014 :

  • Mobile threats will become more sophisticated, rendering SMS-based tokens less effective and forcing banks and other organisations to possibly use smart device features, such as the camera, speaker or geolocation for multi-factor authentication.
  • Recent attacks on Bitcoin exchanges may see them forced to accept independent oversight. However, the rise of alternative private currency systems will continue to grow, making it more difficult for law enforcement to track transactions if these currencies are used illegally.
  • Point of Sale (POS) malware incidents will continue, but 2014 will be a pivotal year in a global change as the US market adopts EMV payment cards. This will lead to stricter guidance for retailers to implement encryption at the point of sale.
  • User authentication will be redefined over the next three years and designed with user convenience in mind. Such changes could include biological and behavioural biometrics as a part of multi-factor authentication, and it is expected that consumers will take action to use these tools as they become more concerned about their privacy.

In addition, RSA’s most recent monthly Fraud Report reveals that 50% of phishing attacks in March were targeted at brands in the US, UK, India, Australia and Canada. To download a copy of the April Fraud Report click here.