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Damballa in its Q3-2014 Report Reveals Surging of Malware Threat

Damballa, a threat protection specialist, has launched its report of threat protection for Q3-2014 revealing that the malicious software threat is continuously rising.

According to the report of last quarter (referring to Q3-2014) the blaring businesses experienced 138,000 incidents in a day which is 32% more than Q2-2014 with patrons experiencing 37% devices on an average per day.

However, there is some good information as there has been 40% drop in daily infections compared to prior quarter. This is because patrons employing technologies such as automatic incident detection to respond to threats and recognize true positives.

But the chief worry is a surge in point of sale malware because Damballa identified a 57% surge in Backoff infections from August-September and a 27% increase only in the month of September.

US government has reported that Backoff is a fresh breed of exceedingly targeted POS (point of sale) malware which has infected around 1,000 businesses.

In September 2014, Home Depot, a popular and renowned American retailer, said that the notorious malware has stolen payment information of around 56 million customers over a five month period. Unfortunately, Jimmy Johns, Dairy Queen and Kmart, a subsidiary of Sears, also reported of breaches carried out by cyber crooks.

Businesswire.com published news on 24th October, 2014 quoting the comment of Brian Foster, Chief Technical Officer of Damballa, on the findings of the latest report as: "Primarily, these figures illustrate that prevention control cannot stop infections by malware. POS malware and other sophisticated threats can and will infect and we simply cannot protect our network with tighter security walls. Hence security teams face trawling through a tsunami of procedures every day and hence correlating these manually to locate the true positives is just not feasible. Instead, organizations need to focus on building better intelligence to locate the real threats. Good news is that if you correlate evidence, then you can have significant impact on reduction of number of tainted devices within the network. We'd suggest businesses to be prepared, to move ahead by assuming that they will be hijacked and take practical measures to prepare for remedies."

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