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What Is Distributed Cybercrime?

Distributed cybercrime is a type of attack that is launched on a large scale with an aim to target many victims though the same campaign. Recent attacks like WannaCry, BadRabbit, NotPetya and other cybercrimes have created a havoc, thus highlighting the alarming increase of distributed cybercrimes.

Launching a massive ransomware attack on masses is the most preferred choice of cyber attackers. Such attacks are on rise and as per a prediction by Cyber Security Venture, a new organization will fall victim to ransomware every 14 seconds in 2019 and every 11 seconds by 2021. The number is soaring high and is growing at a fast pace.

What Makes Distributed Cybercrime A Preferred Choice To Cyber-criminals?

A cyber-criminal is not required to possess specialized knowledge of cybersecurity or cryptography to launch an attack. They use sample exploit codes and tools that are available on the dark web.

This way hackers develop malware and malicious software that run on professional platforms. The attack is not targeted to a specific set of people and usually cyber criminals don’t know their victims personally. They are simply interested in the ransomware amount. Their primary victims are individuals and organizations with sub-par security.

Following are some reasons why distributed cyber-attack is a lucrative option for cyber-criminals:

  • Since the distributed ransomware attack is aimed to target masses, it requires less effort.
  • Highly specialized skill & knowledge is not required to launch a distributed cybercrime.
  • There are endless possibilities of earning revenue as every standard endpoint is a potential source of revenue.

Hackers often send an email or website link, which when clicked by the victim installs a malware on their device. Ransomware attacks have affected almost every sector like healthcare, finance, transportation, etc. 

How To Protect Against Distributed Cybercrime?

  • Make sure that your organization meets the baseline security standards.
  • Follow a threat-centric vulnerability management (TCVM) approach.
  • Install an anti-virus software.
  • Update and patch your devices regularly.

How Does Threat Centric Vulnerability Management Work?

Cyber-crimes have been commercialized and so following this approach can significantly help in minimizing the risk of a distributed cybercrime.

  • The first step is assessment and discovery of vulnerabilities within an organization’s system.
  • Next step is threat intelligence research to consolidate and understand which exploits are active, available or packaged in the crimeware.
  • Then analyze the vulnerabilities and flag the ones that are exposed in the network or actively exploited.
  • Implement patches or other remedial factors such as IPS signatures, segmentation, etc. to avoid exploitation.
  • Check if something has been done to neutralize the effect of threat or reduce the overall risk. Vulnerabilities which have not been mitigated should be closely monitored.

For more information, contact Centex Technologies at (972) 375 - 9654.

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