Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Malware Report: 1.8 Million Virus Detections In Q2
CEDAR RAPIDS, Iowa (8/1/13)--Computer virus infections increased 39% during second quarter from the previous quarter, with 1.8 million virus detections, according to a new quarterly malware (malicious software) report.
Of the viruses detected, 25% exploited Java vulnerabilities in their attempt to gain access to computers, said the SecureIT Quarterly Malware Report for second quarter, released Wednesday by SecurityCoverage Inc., a  Cedar Rapids, Iowa-based provider of mobile and desktop security software and data support services.
Credit unions aware of cybersecurity issues impacting themselves and their members can caution members about keeping their Java software up to date to help protect their information.
Problems such as fraud generated with the use of malware and viruses have prompted the introduction of several laws, including the  Cybersecurity Act of 2013 (S. 1353), which passed out of a committee on  a voice vote Tuesday (News Now July 31).
The Credit Union National Association and other trade groups in a letter Tuesday in support of the bill noted that national cybersecurity efforts require active participation of the government, business and every consumer.

The bill would encourage the private and public sectors to collaborate on standards, guidelines and best practices; increase research and development for the design and testing of software; upgrade education so the work force and students will be better prepared to stimulate and support innovation in cybersecurity; and promote a national cybersecurity awareness campaign.
Other findings in the SecureIT report included:
  • A 57% hike in Zeus Trojan or Zbot detections. The Zeus Trojan has been used to steal millions of dollars from U.S. financial institutions and consumers.
  • A 34% increase in adware, viruses that bog down a computer with pop-up ads. Adware, though not generally malicious,can cause overloads and crashes on already infected computers, said SecurityCoverage.
  • Roughly 82% of total malware detections were Trojan-based. Leading the pack were the Trojans OpenConnection, Kazy, ZeroAccess, PasswordStealer and Medfos, the report said.
"We anticipate malware authors will continue to evolve their attention to fast-growing mobile platforms in the months to come, but we expect to see an active malware environment in the desktop space as this remains a viable business and personal platform for many users," said Ed Barrett, vice president of marketing and communications at SecureCoverage Inc.
RSS print
News Now LiveWire
.@TheNCUA says late 2Q Call Report filers 2 pay total of $17,111 in penalties.Individual penalty range is $52 to $1,824;median is $256. 2of2
20 minutes ago
All 44 #CUs subject to civil money penalties 4 late filing their 2Q Call Reports have consented to those penalties, says @TheNCUA 1of2
23 minutes ago
Full text of @DuchessCornwall's #ICUDay speech: 'a cause worth championing'
1 hours ago
#Bank disgust not only factor driving #creditunion millennial membership: Inc.
1 hours ago
#NewsNow Regulator says large banks could face downsizing for ethics gaps
1 hours ago