WatchGuard Report Reveals Threats in Blockchain Technology - October 2024

In Seattle, on October 15, 2024, WatchGuard Technologies released its latest Internet Security Report, which analyzes cybersecurity threats observed in the second quarter of 2024. The report highlights a significant shift in malware threats, with seven of the top ten malware threats being new, including advanced malware like Lumma Stealer and variants of the Mirai Botnet. Additionally, the report noted a concerning trend of threat actors using 'EtherHiding' to embed malicious scripts in blockchains, which poses a long-term risk due to the immutable nature of blockchain technology. Despite a 24% decrease in overall malware detections, the report indicates that threat actors are increasingly focusing on more evasive malware, leading to a 168% rise in detections of such threats. Network attacks also surged by 33%, with the Asia Pacific region accounting for a significant portion of these incidents. The report identified an NGINX vulnerability as the most prevalent network attack, which had not been previously noted in the top attacks. The findings underscore the evolving landscape of cybersecurity threats, particularly the rise of sophisticated malware and the exploitation of blockchain technology. The report serves as a crucial resource for organizations to understand the current threat environment and adapt their security measures accordingly. WatchGuard's Unified Security Platform approach aims to provide comprehensive security solutions for managed service providers, emphasizing the importance of shared knowledge and operational efficiency in combating these emerging threats.