PandaLabs Update: Rising Spam Segment Capitalizes on Consumer Fears During Economic Uncertainty

GLENDALE, Calif., Nov. 6 /PRNewswire/ -- PandaLabs, Panda Security's malware analysis and detection laboratory, today announced research revealing overwhelming evidence that cybercriminals are adapting their messaging with changes in the economic landscape. Two weeks ago, PandaLabs reported a staggering correlation between stock market declines and increased malware attacks. Upon further investigating the content of spam campaigns that have experienced the most growth over the last two months, it is evident that cybercriminals have become more sophisticated and are preying on the current economic misfortunes of consumers.

According to PandaLabs, spam continues to make up 90-95 percent of all email traffic, with spam related to the economy representing ten percent of total spam. Since the stock market began to take a steady decline in September, Cloudmark reported that while overall spam has increased five percent, the new spam related to the economy and personal finances has increased by twice that amount, or 10 percent, during this period. Examples include malware attacks targeting consumers with credit card debt, as well as phishing attacks targeting individuals undergoing property foreclosure. By offering consumers relief for their financial woes, these attacks dupe users into clicking on links included or embedded in the emails, an action that automatically downloads viruses or redirects them to phishing sites.

    Socially engineered content from the most recent malicious spam includes:

    -- "What's Your Credit Score? Get it Now!":
       http://www.flickr.com/photos/panda_security/3007727354/
    -- "Premier Loan Provider.com: The Cash You need Now; Loans up to $1500":
       http://www.flickr.com/photos/panda_security/3007697914/
    -- "Payday Loan Finder": http://tinyurl.com/68dw26
    -- "An Online Loan Gives You Money Now": http://tinyurl.com/59tjcp
    -- "A VA loan will give you a home"
    -- "Are you drowning in debt? Get the cash you need"
    -- "Credit In Crisis: Get Your Free Credit Report Today"
    -- "Don't let your lender foreclose"
    -- "Legally Erase Your Debt -- As seen on MSNBC"

"One of our biggest concerns for 2008 was that cybercriminals would improve their targeted spamming tactics to dupe consumers, and the content and volume that we have seen during these tough economic times is proof that unfortunately, our assumption was spot on," said Ryan Sherstobitoff, chief corporate evangelist, Panda Security. "With content this timely and this targeted, there is no doubt that cybercriminals are upping the ante with their tactics, and we are doing everything we can to stay ahead of them."

For more information about the latest spam and malware trends, go to the PandaLabs blog and subscribe to the RSS feed: http://pandalabs.pandasecurity.com/rss.aspx

About PandaLabs

Since 1990, its mission has been to detect and eliminate new threats as rapidly as possible to offer our clients maximum security. To do so, PandaLabs has an innovative automated system that analyzes and classifies thousands of new samples a day and returns automatic verdicts (malware or goodware). This system is the basis of collective intelligence, Panda Security's new security model which can even detect malware that has evaded other security solutions.

Currently, 94% of malware detected by PandaLabs is analyzed through this system of collective intelligence. This is complemented through the work of several teams, each specialized in a specific type of malware (viruses, worms, Trojans, spyware, phishing, spam, etc), work 24/7 to provide global coverage. This translates into more secure, simpler and more resource-friendly solutions for clients.

More information is available in the PandaLabs blog: http://www.pandalabs.com and the Panda Security website: http://www.pandasecurity.com/usa.