Morning Tick
  • Latest News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Fintech
    • Altcoins
  • Market Analysis
  • Resources
  • Contact
    • About Us
    • Press Toolkit
Facebook Twitter Instagram
Morning Tick
  • Latest News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Fintech
    • Altcoins
  • Market Analysis
  • Resources
  • Contact
    • About Us
    • Press Toolkit
Facebook Twitter Instagram
Morning Tick
Cyber Threat

Emotet alarm in Spain, more than 16% of businesses affected in September

Manas PimpalkhareBy Manas PimpalkhareUpdated:October 22, 2020 on October 22, 2020
Emotet alarm in Spain, more than 16% of businesses affected in September
Image credit: Shutterstock
Share
Reddit Facebook Twitter LinkedIn Pinterest WhatsApp Email

Emotet, one of the most prevalent cyber threats across the globe, is pillaging Spanish industries in large numbers. Recent reports suggest that the trojan horse hacked 16.8% of Spanish companies in September this year, which is 2% over the global average.

Emotet was first observed in 2014 and has been growing ever since. Originally, it was a simple trojan horse malware. However, it has now mutated to supplement other larger malicious cyber threats. It facilitates large financial scams involving TrickBots and also actualizes the delivery of disastrous ransomware Ryuk. 

Emotet’s characteristic of spreading to nearby Wi-Fi connections makes it a very difficult malware to master. It also spreads via spam phishing emails, often by using credentials of popular organisations.

Spanish companies face numerous threats

Cybersecurity research firm CheckPoint stated that Spain faces a slew of cyber threats every day, with  Emotet being the most prevalent. 

However, other malware like the Qbot trojan and the XMRig cryptocurrency mining malware is on the list of harmful cyber threats. In September, Qbot attacked 5.7% of companies in Spain while  XMRig threatened 3.7% of the same.

A new strain of malware is also making rounds in the Spanish mainland. Reportedly, it is a variant of the Valak malware. It steals credentials and other information using Microsoft Exchange Mail, or by using fake credentials. 

“Like the updated versions of Qbot that appeared last August, Valak aims to facilitate the large-scale theft of data and credentials from businesses and individuals,” said Maya Horowitz, director of threat and product intelligence and research at CheckPoint. 

Therefore, it is imperative that companies deploy essential cybersecurity measures across their webspace, and have their antimalware programmes constantly active. 

Cyber Threat Emotet Malware Security Spain Trojan
Disclaimer
Read More Read Less
The information provided on this website shouldn’t be considered as investment, tax, legal, or trading advice. Morning Tick is not an investment advisory platform, nor do we intend to be. The publication, its’s management team, or authored-by-line doesn’t seem liable for your personal financial losses, which may be due to your panic decisions based on the content we published. We strongly recommend considering our stories as just a piece of information, unlike advice, recommendations, or requests. Some of the contents may get outdated, updated, or inaccurate despite our profound editorial policies. We urge readers to do their due diligence before making any investments decision with ongoing IDOs, ICOs, IEOs, or any other kind of financial offerings. Few outbound links may be commissioned or affiliated, which helps us grow financially and maintain healthy editorial norms. For more information, visit disclaimer page.
Share. Facebook Twitter Pinterest LinkedIn Email Reddit WhatsApp
Previous Article[Startup funding] VC Draper backs blockchain-based real estate company and crypto exchange
Next Article Visa pairs up with Stripe to increase consumer base for B2B platform
Manas Pimpalkhare
  • Twitter

Aspiring Tech Journalist, Lawyer-to-be, has a keen interest in cybercrime and disruptive tech like AI, 5G, and crypto.

Recommended Posts

Bitcoiner alerts ‘overconfident HODLers’ after losing 2.6 BTC

January 11, 2021

The 10 Biggest Data Breaches that grabbed attention in 2020

December 24, 2020

Adware is the new Malware that everyone needs to know

November 25, 2020

Donald Trump fires cybersecurity chief Chris Krebs after he debunked voter fraud theories

November 18, 2020
Add A Comment

Comments are closed.

Latest

Introducing Lucky Mystery Box, Crypto lottery based on TRON with a prize pool of 1M USDT

4 hours ago

GlobalDots joins forces with Coralogix to save companies 40-70% on full-stack observability costs, launching a debut CDN log management solution

3 weeks ago

KX.finance announces upcoming DeFi/DEX aggregator launch on APTOS/SUI blockchain

3 months ago

HyperBC Group unveils Zero interest Crypto Credit Card HyperCard, obtains Lithuanian Financial License

3 months ago

Unplugged launches its mobile App Suite to help consumers reclaim their privacy

3 months ago
Morning Tick
Facebook Twitter Instagram Pinterest RSS
  • About Us
  • Press Toolkit
  • Disclaimer
  • Contact Us
  • Privacy Policy
  • Sitemap
© 2022 Morning Tick. Disclaimer: The information provided on this website shouldn't be considered as investment, tax, legal, or trading advice.

Type above and press Enter to search. Press Esc to cancel.