BlackBerry’s Annual Threat Report Reveals Shared Economy Growth in Underground Cybercrime

Cybercriminals’ Collaborative Mindset Accelerating Attacks on Small and Medium Businesses in 2022, Leading to More Closed Doors

WATERLOO, ON, February 15, 2022 /PRNewswire/ — BlackBerry Limited (NYSE: BB; TSX: BB) today released BlackBerry’s 2022 Annual Threat Report, highlighting a network of cybercriminals that has been optimized to better target local small businesses. The report also reveals the cyber breadcrumbs of some of the most notorious ransomware attacks of the past year, suggesting that some of the biggest culprits may simply have been outsourced labor.

“Criminals are working to better target us. The infrastructure of the cyber underground has evolved so they can deliver more timely and personalized deceptions to the public,” said Eric Milam, vice president of research and intelligence, BlackBerry. “This infrastructure has also incubated a shared criminal economy, with threat groups sharing and outsourcing malware allowing attacks to occur at scale. In fact, some of the biggest cyber incidents of 2021 appear to have been the result of this outsourcing.

Key findings from the 2022 BlackBerry Annual Threat Report include:

  • Small businesses are increasingly targeted by attacks: Small businesses will continue to be the epicenter of cybercriminals as SMBs face more than 11 cyberthreats per device per day, which will only accelerate as cybercriminals increasingly embrace collaborative mindsets .
  • Public cloud platforms unwittingly host malware: An increasing number of payloads are hosted on public cloud platforms. The majority of these payloads are highly malleable, which means they can be customized inexpensively. This trend was particularly prevalent in North Americawhere local hosting of vicious payloads, including Cobalt Strike, exploded.
  • The biggest attacks of 2021 may have been outsourced: In multiple incidents, BlackBerry has identified threat actors leaving behind text files containing IP addresses and more, suggesting that the perpetrators of this year’s sophisticated ransomware are not the ones carrying out the attacks. This highlights the growth of the shared economy within the cyber underground.
  • What’s old is new – with a twist: The proliferation of digital channels has brought old tactics – such as phishing and watering hole attacks – back into the mainstream, primarily because of their ability to evolve. This suggests that these tactics will continue to be relevant as digital innovations such as the metaverse and the rise of AR solutions hit the market.

Following in the footsteps of the Zero Trust strategy recently rolled out by the Biden administration, widespread adoption of a Zero Trust mindset and a frictionless approach to end-user security is imperative across all industries. As the damage from the SolarWinds scandal lingers, this path forward shows the government considering how existing tactics will be leveraged in the new year, alongside potential new risks from quantum computing, the metaverse, to connected vehicles and beyond, while removing barriers. to the adoption of Zero Trust.

To learn more, download a copy of the BlackBerry 2022 Threat Report.

About BlackBerry
BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to businesses and governments around the world. The company secures more than 500M endpoints, including more 195M Vehicles. Situated at Waterloo, Ontario, the company leverages artificial intelligence and machine learning to deliver innovative solutions in the areas of cybersecurity, security and data privacy solutions, and is a leader in the areas of data management. endpoints, endpoint security, encryption and embedded systems. BlackBerry’s vision is clear: to deliver a connected future you can trust.

Blackberry. Smart security. Everywhere.

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SOURCE BlackBerry Limited

Bonny J. Streater