1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Report: IoT is the next frontier for ransomware

Discussion in 'CSO' started by RSS, Aug 7, 2015.

  1. RSS

    RSS New Member Member

    LAS VEGAS -- The growth of the Internet of Things will offer new ransomware opportunities for cybercriminals, according to a report released Thursday by Symantec.

    Researchers were able repackage existing Android ransomware -- Android.Simplocker -- inside a new Android Wear project, and when the phone was infected, so was a paired smartwatch. Once executed, the ransomware made the watch unusable, and also encrypted files stored on the watch’s SD card.

    Researchers said they haven’t seen any examples of this kind of ransomware in the wild yet.

    MORE ON CSO: How to spot a phishing email

    According to a report by Symantec researcher Kevin Savage, cybercriminals switch their focus to a different malware type approximately every two or three years of reaching a peak.

    To read this article in full or to leave a comment, please click here

    Continue reading...

Share This Page