Financial malware on the rise as espionage attacks decline

Threat actors are getting more work from the private sector than from government-sponsored agencies, according to research from Mandiant, which found that organizations are increasingly falling prey to financial malware rather than espionage-oriented infections.

The Mandiant team found that over the course of 2024 some 8% of malware infections were intended to be espionage attacks, down from 10% of attacks in the 2023 calendar year.

The security firm reported that the change is in large part due to the growth in financially motivated malware attacks, as threat actors seek to turn a profit on stolen credentials and unsecured data.

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