How Are Infostealers Threatening Millions of Devices and Finances?

Article Highlights
Off On

The escalating threat of infostealer malware has captured the attention of cybersecurity experts and users alike, with nearly 26 million devices compromised between 2023 and 2024. This alarming trend is further compounded by the leakage of over 2 million unique bank card details, underscoring the severity of financial risks posed by such infections. Infostealers, which are malicious software explicitly designed to harvest valuable personal information, have increasingly set their sights on a variety of sensitive data. Alongside passwords and two-factor authentication cookies, these cybercriminal tools are now targeting bank card data, presenting an unprecedented risk to individual and corporate finances. Dark web marketplaces fuel this criminal activity, with one forum even resorting to offering a million credit cards for free as part of a promotional tactic, hinting at the thriving underground economy benefiting from stolen data.

The Scale and Sophistication of Infostealer Malware

Infostealer malware operates with remarkable effectiveness, successfully compromising numerous devices to collect and transmit sensitive data to cybercriminals. According to Kaspersky Digital Footprint Intelligence, every 14th infostealer infection results in stolen bank card details. The current infection streak mainly impacts devices running Windows, a widely-used operating system, making the threat even more significant. Projections for 2024 indicate a continued rise in infections, with anticipated numbers ranging between 20 million and 25 million devices falling victim to such malicious software. The most prevalent malware in 2024 was noted to be Redline, which alone constituted 34% of all infections. The growing presence of infostealers like Redline highlights an escalating threat level and showcases the advanced tactics employed by cybercriminals.

The rise of other infostealers, such as Risepro, reflects the dynamic nature of this security threat. In 2023, Risepro accounted for only 1.4% of infections, but its prevalence surged to 23% in 2024. This dramatic increase underscores the evolution and adaptability of infostealer malware in progressively targeting a range of sensitive information from banking details to passwords and even cryptocurrency wallets. This adaptability ensures that malware can consistently find ways to bypass security barriers, furthering the malicious actors’ reach and impact. As malware becomes more sophisticated, individuals and businesses must heighten their defenses to protect against the ever-increasing danger of data theft.

The Dark Web: A Haven for Cybercrime

The dark web plays a pivotal role in the proliferation of infostealer malware, serving as a lucrative market for the buying and selling of stolen data. Cybercriminals have developed a mature ecosystem where personal and financial information is commoditized. The dark web’s anonymity attracts malicious actors, who leverage this platform to sustain and expand their operations. For instance, a forum promoting itself by giving away a million credit cards for free illustrates the sheer volume and ease with which stolen data is traded. This promotional ploy not only highlights the prevalent nature of cybercrime but also underscores the disconnect between the severity of the crime and the ease with which the dark web facilitates these transactions.

Infostealer malware’s growing sophistication, fueled by the dark web, has perpetuated a cycle of increasing cybercrime. The seamless distribution and monetization of stolen data create a continuous supply-and-demand chain that incentivizes further development of more advanced malware. The notion that every piece of stolen data has a price exacerbates the financial risks to individuals and corporations alike. To counteract this trend, there must be concerted efforts to disrupt these underground marketplaces and enhance cybersecurity measures. By increasing awareness and implementing robust cybersecurity protocols, users can mitigate risks and protect their sensitive information from falling into the hands of cybercriminals.

Vigilance and Enhanced Cybersecurity Measures

Infostealer malware is incredibly effective, compromising countless devices to gather and send sensitive data to cybercriminals. Every 14th infostealer infection leads to stolen bank card details. This threat primarily affects devices running Windows, amplifying its significance given the operating system’s widespread use. Predictions for 2024 suggest a continued rise in infections, with expectations of 20 million to 25 million devices falling victim to this malicious software. In 2024, Redline emerged as the most prevalent malware, making up 34% of all infections. The increasing presence of infostealers like Redline points to a growing threat level and highlights the advanced tactics used by cybercriminals.

The rise of other infostealers, like Risepro, illustrates the dynamic nature of this security threat. In 2023, Risepro represented only 1.4% of infections, but its presence shot up to 23% in 2024. This significant increase underscores the evolution and adaptability of infostealer malware, which targets a wide range of sensitive information, from banking details to passwords and even cryptocurrency wallets. As malware becomes more sophisticated, individuals and businesses must enhance their defenses to protect against the escalating danger of data theft.

Explore more

Wix and ActiveCampaign Team Up to Boost Business Engagement

In an era where businesses are seeking efficient digital solutions, the partnership between Wix and ActiveCampaign marks a pivotal moment for enhancing customer engagement. As online commerce evolves, enterprises require robust tools to manage interactions across diverse geographical locations. This alliance combines Wix’s industry-leading website creation and management capabilities with ActiveCampaign’s sophisticated marketing automation platform, promising a comprehensive solution to

Can Coal Plants Power Data Centers With Green Energy Storage?

In the quest to power data centers sustainably, an intriguing concept has emerged: retrofitting coal plants for renewable energy storage. As data centers grapple with skyrocketing energy demands and the imperative to pivot toward green solutions, this innovative idea is gaining traction. The concept revolves around transforming retired coal power facilities into thermal energy storage sites, enabling them to harness

Can AI Transform Business Operations Successfully?

Artificial intelligence (AI) has emerged as a foundational technology poised to revolutionize the structure and efficiency of business operations across industries. With the ability to automate tasks, predict outcomes, and derive insights from vast datasets, AI presents an opportunity for transformative change. Yet, despite its promise, successfully integrating AI into business operations remains a complex undertaking for many organizations. Businesses

Is PayPal Revolutionizing College Sports Payments?

PayPal has made a groundbreaking entry into collegiate sports by securing substantial agreements with the NCAA’s Big Ten and Big 12 conferences, paving the way for student-athletes to receive compensation via its platform. This move marks a significant evolution in PayPal’s strategy to position itself as a leading financial services provider under CEO Alex Criss. With a monumental $100 million

Zayo Expands Fiber Network to Meet Rising Data Demand

The increasing reliance on digital communications and data-driven technologies, such as artificial intelligence, remote work, and ongoing digital transformation, has placed unprecedented demands on the fiber infrastructure industry. Projections indicate a need for nearly 200 million additional fiber-network miles by 2030 to prevent bandwidth shortages, putting pressure on companies like Zayo. As a prominent provider in the telecom infrastructure sector,