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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

McAfee Mobile Threat Report Unveils 550% Increase in Consumer Security Risks Connected to Fake and Malicious Apps in Second Half of 2018

February 25, 2019

BARCELONA, Spain--(BUSINESS WIRE)--Feb 25, 2019--Mobile World Congress — Today McAfee announced its extended relationships with Samsung and Türk Telekom to further protect what matters by expanding its presence in the consumer cybersecurity industry. McAfee is committed to expanding these partnerships to champion security that is built-in across devices and networks, as it is crucial that the entire ecosystem works together to protect consumers from attacks. McAfee also unveiled its latest Mobile Threat Report, reporting backdoors, malicious cryptomining, fake apps and banking Trojans all increased substantially in 2018, propelled by cybercriminals quest for illicit profits. Most notably, the number of fake app detections by McAfee’s Global Threat Intelligence increased from around 10,000 in June 2018 to nearly 65,000 in December 2018.

According to McAfee Labs  2019 predictions, cybercriminals are looking for ways to use trusted devices to gain control of Internet of Things (IoT) devices via password cracking and exploiting other vulnerabilities, such as through the exploitation via voice assistants. With over 25 million voice assistants in use across the world, these devices are often connected to other things in the home- controlling lights, thermostats, door locks and more. More devices mean greater connectivity and convenience for their owners, but connectivity also means more opportunities for malicious deeds.

“Most IoT devices are being compromised by exploiting rudimentary vulnerabilities, such as easily guessable passwords and insecure default settings,” said Raj Samani, McAfee fellow and chief scientist at McAfee. “From building botnets, to stealing banking credentials, perpetrating click fraud, or threatening reputation damage unless a ransom is paid, money is the ultimate goal for criminals.”

“The rapid growth and broad access to connected IoT devices push us to deliver innovations with our partners that go beyond traditional AV, and we are creating solutions that address real world digital security challenges,” said Gary Davis, chief consumer security evangelist at McAfee. “From securing the gaming experience to safeguarding the connected home to protecting against cryptojacking, we are enabling our customers to protect what matters most to them.”

For the fifth year, Samsung and McAfee have worked to protect what matters for consumers around the world. McAfee extended its long-standing partnership with Samsung to safeguard consumers from cybersecurity threats on Samsung Galaxy S10 smartphones which come pre-installed with anti-malware protection powered by McAfee VirusScan. It will also support Samsung Secure Wi-Fi service that McAfee provided backend infrastructure to protect consumers against risky Wi-Fi. In addition to mobile, the partnership expands to better protect Samsung smart TVs, as well as PCs and laptops.

McAfee strengthened its partnership with Türk Telekom, the leading information and communication technologies company in Turkey, to provide a security solution to help parents protect their family’s digital lives. Powered by McAfee’s Safe Family, fixed and mobile broadband customers will have the option to benefit from robust parental controls that will help provide parents with the confidence they need to better manage their children’s online experience.

“As the threat landscape continues to evolve in both speed and sophistication, we understand that consumers can feel at a loss when navigating the online security space. That’s why we are working diligently with our partners to create solutions for more than half a billion customers to address real world digital security challenges. From safeguarding the connected home to protecting against contemporary attacks such as cryptojacking, we’re enabling our customers to protect what matters to them by delivering the peace of mind needed to connect with confidence. Our partners share our belief that security must be built in from the start and prioritized to canvass all devices and networks,” said Terry Hicks, McAfee’s executive vice president, consumer business group.

McAfee’s Mobile Threat Report 2019

McAfee’s reveals that while 2018 was the year of mobile malware, 2019 is shaping up to be the year of everywhere malware. Cybercriminals are looking for ways to maximize their income, and shift tactics in response to changes in the market. As the value of cryptocurrencies drops, they shift away from cryptomining. App stores are getting better at finding and deleting malicious apps, so cybercriminals bypass the stores and go directly to consumers. As the mobile platform remains a key target for ransomware developers, identity thieves and nation states, it is imperative to maintain diligence when considering which apps to install or following any link.

The McAfee Mobile Threat Report 2019 highlights the following mobile trends:

McAfee at Mobile World Congress

At Mobile World Congress, McAfee ( Hall 5 Stand 5A21 ), will run demos of McAfee Secure Home Platform, McAfee Mobile Security, McAfee Gamer Security, McAfee MVISION Cloud and McAfee MVISION Mobile.

About McAfee

McAfee is the device-to-cloud cybersecurity company. Inspired by the power of working together, McAfee creates business and consumer solutions that make our world a safer place. www.mcafee.com

McAfee technologies’ features and benefits depend on system configuration and may require enabled hardware, software, or service activation. No computer system can be absolutely secure. McAfee® and the McAfee logo are trademarks of McAfee, LLC or its subsidiaries in the United States and other countries. Other marks and brands may be claimed as the property of others.

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CONTACT: Michelle Spencer


michelle_spencer@mcafee.comHotwire Global





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