MCLEAN, Va., May 27, 2014 /PRNewswire/ -- CYREN (NASDAQ:
CYRN), a leading provider of cloud-based security solutions,
published its April 2014 Internet
Threats Trend Report. Among its findings, The CYREN
GlobalView™ Security Lab revealed a 73 percent increase in the
number of phishing attacks aimed at PayPal users.
The upward trend illustrates the move by cybercriminals from
less profitable spam to attacks that generate more revenue. PayPal
remains the consistent favorite due to its wide acceptance across
the internet and the ease with which funds can be transferred
between accounts.
During a two-week sampling taken during the first quarter of
this year, CYREN researchers found the number of PayPal related
phishing URLs increased from approximately 750 a day in Q4 2013 to
more than 1,300 a day in Q1 2014. That increase made it the most
heavily used lure at more than 18,600 phishing URLs during the
two-week sample period. Other top brands used to lure email
recipients were Apple, Poste
Italiane, Barclays Bank, Battle.net and Sparkasse.
The first lottery scams involving the FIFA World Cup also
appeared. Both of the previous World Cups in 2010 and 2006 were
used for almost identical scams. CYREN partner PhishLabs observed a
new wave of phishing attacks using residential IP address space and
personal computers to install and host phishing sites.
Additional findings included:
- Android malware grew in complexity and included encrypted peer
to peer functionality used to track user activity and steal
data.
- Spam levels continued their downward trend, averaging 54
billion emails per day. The downward trend is due to several
factors including the lower income per message, a reduction in
affiliate revenue from spam, and the relative profitability of
other attack vectors – illustrated by the increase in PayPal
phishing.
- Diet spammers using the distribution of press releases to gain
"legitimate" news featured on the Wall Street Journal and Reuters
websites.
The CYREN Internet Threats Trend Report is based on a
comprehensive analysis of billions of daily transactions handled by
the CYREN GlobalView Cloud Platform. To download the entire report,
visit: www.CYREN.com/security-center.
About CYREN
CYREN is a leading provider of cloud-based security solutions that
deliver powerful protection through global data intelligence.
Regardless of the device or its location, CYREN's easily deployed
web, email, and anti-malware products deliver uncompromising
protection in both embedded and Security as a Service (SecaaS)
deployments. Organizations rely on CYREN's cloud-based threat
detection and proactive security analytics to provide up-to-date
spam classifications, URL categorization and malware detection
services. The CYREN GlobalView™ Cloud Platform leverages Recurrent
Pattern Detection™ technologies to protect more than 550 million
users in 190 countries. CYREN is traded on the NASDAQ Capital
Market and the Tel Aviv Stock Exchange (TASE) under the trading
symbol "CYRN." Visit the CYREN GlobalView Security Center or go to
www.CYREN.com.
Blog: blog.CYREN.com
Facebook: www.facebook.com/CYRENweb
LinkedIn: www.linkedin.com/company/CYREN
Twitter: www.twitter.com/CYRENweb
This press release contains forward-looking statements,
including projections about our business, within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. For example, statements in the
future tense, and statements including words such as "expect,"
"plan," "estimate," "anticipate," or "believe" are forward-looking
statements. These statements are based on information available to
us at the time of the press release; we assume no obligation to
update any of them. The statements in this press release are not
guarantees of future performance and actual results could differ
materially from our current expectations as a result of numerous
factors, including business conditions and growth or deterioration
in the internet security market, technological developments,
products offered by competitors, availability of qualified staff,
and technological difficulties and resource constraints encountered
in developing new products, as well as those risks described in the
company's Annual Reports on Form 20-F and reports on Form 6-K,
which are available through www.sec.gov.
U.S. Investor
Contact
Monica
Gould
The Blueshirt
Group
+1
212.871.3927
monica@blueshirtgroup.com
Israel Investor Contact
Iris
Lubitch
EffectiveIR
+972.54.2528007
iris@EffectiveIR.co.il
Company Contact:
Mike Myshrall, Interim
CFO
CYREN
+1 703.760.3320
mike.myshrall@CYREN.com
Media Contact
Matthew
Zintel
Zintel Public Relations
+1 281.444.1590
matthew.zintel@zintelpr.com
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SOURCE CYREN