Kaspersky forecasts financial threats in 2022

Kaspersky sees state-sponsored groups targeting the cryptocurrency industry, cybercriminals taking advantage of investors, and growing attacks against payment systems and more advanced mobile threats. These are the key predictions that Kaspersky foresees as financial threats in year 2022. 

This year has been a year of challenge and novelty. Still, cybercriminals have often adapted and managed change to their favor quickly. Because they’re motivated by money, finance has always been the most targeted industry and has further grown this year. 

With that in mind, Kaspersky researchers have forecasted financial threats expected to occur in 2022. 

Here are their key predictions:

  • Targeted cryptocurrency attacks will grow. As cryptocurrency is a digital asset and all transactions take place online, it offers anonymity to users. These are attractive features for cybercrime groups. However, it’s not only cybercriminal organizations but state-sponsored threat actors who have targeted this industry. We have already witnessed APT groups rising to attack the cryptocurrency business aggressively, and we anticipate that this activity will continue.
  •  Inadequate security and fake hardware wallets as crypto hardware-based threats. While cryptocurrency attacks are becoming more targeted, cybercriminals keep coming up with new ways to steal investors’ financial assets. In the case of cryptocurrency investment opportunities, Kaspersky researchers conclude that cybercriminals will take advantage of manufacturing and retailing rogue devices with backdoors, followed by social engineering campaigns and other techniques to steal victims’ financial assets. 
  • Infostealers acceleration and consolidation. Simplicity, affordability, and effectiveness in attacks will play a key role in adopting infostealers against financial assets, at least as a first-stage data collector. Different threat actors will take advantage of it to profile victims for further attacks. It includes but is not limited to targeted Ransomware attacks, traditional targeted attacks, and others. 
  • Mobile implants development consolidation. Pandemic stimulated mobile banking, which also has become more mature. Kaspersky experts expect more mobile banking Trojans for the Android platform, especially RATs that can circumvent security means adopted by banks (such as OTP and MFA). Local, regional Android implant projects will move globally, exporting attacks to Western Europe and other countries worldwide.  

Read more about Kaspersky experts’ key predictions on financial threats in 2022 in this report.

Read on here to review what Kaspersky experts expected to see this year.

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