A new virus has just been identified that is specifically targeted at small and medium-sized businesses (SMBs) in the UK. This attack is initiated as a highly targeted phishing email that purports to be tickets to a theatre performance of Peter Pan. Attached to the email is the “ticket”, which is actually a malicious payload. Once opened the payload installs malware that spiders out across all devices on the same network, replicating itself and collecting user names, passwords and other sensitive information from the infected devices. The compromised information is then sent to a command server in Eastern Europe.

Why is this attack targeted at SMBs? Although we don’t know for sure without speaking with the cyber-criminals behind this attack, it is a pretty safe bet that the criminals view SMBs as a soft target. The threat landscape is becoming more challenging by the day; the volume of intrusions is increasing, and attacks are becoming more sophisticated and targeted. We tend to think of cyber-threats as a phenomenon that affects large enterprises and government entities: organizations that have the capabilities, staff and resources to buy the latest security products and figure out how to get them to work together. The reality, however, is that SMBs are faced with exactly the same cyber security challenges as their larger brethren, but don’t have the budgets or manpower to adequately address the threat. The cyber-criminals know this and have turned their attention to attacking these less-defended targets.

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In just the last few years we have become a world of roamers. Unlike the romantic notion from the past of a world traveller roaming the globe in search of exotic adventures, today’s roamer is the rather more mundane knowledge worker shuttling from the office to a client site, perhaps hopping on a wi-fi network at a coffee shop or in a hotel. Our historic adventurer knows to get vaccinated in advance against the very real risk of infection in the wild blue yonder. So we are led to reasonably ask why the modern mobile cloud roamer doesn’t take a similarly pragmatic approach to risks of wandering unprotected into the cyber-unknown.

Organizations spend billions of dollars to protect their networks against outside threats. JP Morgan Chase, which was recently the victim of a significant and high profile breach, spends over $250 million a year on security. Despite all of this investment, the attackers are still getting through the defensive perimeter and wrecking financial and organizational havoc.

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About iSheriff

iSheriff is the leading provider of content and endpoint security from the cloud. We keep organizations and individuals safe from cybercrime, malware and digital threats. Thousands of businesses across a wide array of industries have deployed our solutions, including some of the most sophisticated buyers of security technology worldwide.