OpenText Announces 2021 Webroot BrightCloud® Threat Report

Data demonstrates 34.4% YoY increase in overall phishing activity with massive spikes during the early months of the COVID-19 pandemic

OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced the release of the 2021 Webroot BrightCloud® Threat Report. Webroot's unparalleled sixth generation machine learning security platform provides unique data insights into the timing, tactics and technologies that threat actors used over the past year.

OpenText logo (PRNewsfoto/Open Text Corporation) (PRNewsfoto/Open Text Corporation)

Phishing activity increased significantly in the first few months of 2020, taking advantage of pandemic-induced product shortages and increased usage of streaming services. For the first time, eBay topped the list of brands most targeted for impersonations, with 31.1% of all phishing attacks in the month of February impersonating eBay. In March, phishing activity surged among streaming services YouTube (3,064%), Netflix (525%) and Twitch (337%).

"Gathered from over 285 million real-world endpoints and sensors, and leveraging the extensive BrightCloud network of industry-leading partners, this year's Threat Report clearly shows how cybercriminals are willing and able to evolve their tactics to exploit collective human interest and current events," said Prentiss Donohue , Executive Vice President, SMB/C Sales, OpenText. "The findings underscore the need for users and businesses of all sizes to enact a multi-layered approach to data security and protection given the persistent creativity of cybercriminals."

Download the full 2021 Webroot BrightCloud® Threat Report here .

Notable Report Findings:

  • Phishing:
    • Attacks increased 510% from January to February alone
    • The top five phishing targets of the year were eBay, Apple, Microsoft, Facebook and Google
    • By the end of 2020, 54% of phishing sites used HTTPs. Use of HTTPS varies considerably based on the industry being targeted and is most heavily used when spoofing cryptocurrency exchanges (70% of the time), ISPs (65%), and gaming (62%)
  • Malware
    • 86.1% of malware is unique to a single PC
    • 83% of Windows® malware hides in one of four locations. One of which, %appdata%, saw the infection rate jump 59.2% YoY
    • Consumer devices saw twice as many malware infections when compared to business devices
  • Infection Rates by Country and Industry
    • At 2.3%, Japan had the lowest PC infection rate per region, followed by the United Kingdom (2.7%), Australasia (3.2%) and North America (3.7%)
    • In Europe , home devices were more than three times as likely to encounter an infection as business devices (17.4% versus 5.3%)
    • Based on reported data, Health Care and Social Assistance (down 41.4% from the YoY average) led in terms of industries with the lowest infection rates, while the highest industry infection rates were seen by Wholesale Trade, Mining/Oil/Gas and Manufacturing
  • Mobile and Android
    • Of the total threats detected on Android™ devices in 2020, Trojans and malware accounted for 95.9%, an increase from 92.2% in 2019
    • Outdated operating systems accounted for nearly 90% of Android infections
    • Malware for Android-based IoT devices is increasing, underscoring the importance of securing all Android devices beyond just smartphones and tablets

Methodology:

The threat intelligence, trends and details presented in the 2021 Webroot BrightCloud® Threat Report are based on data continuously and automatically captured by the Webroot® Platform, which is the proprietary machine learning-based architecture that powers all Webroot protection and BrightCloud® services. This data comes from over 285 million real-world endpoints and sensors, specialized third-party databases, and intelligence from end users protected by our leading technology partners like Cisco, Citrix, F5 Networks and more. Our advanced threat research team analyzes and interprets the data using advanced machine learning and artificial intelligence.

About OpenText
OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud Editions. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com

Connect with us:
OpenText CEO Mark Barrenechea's blog
  Twitter | LinkedIn

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Copyright © 2021 Open Text. All Rights Reserved. Trademarks owned by Open Text. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents .

OTEX-G

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/opentext-announces-2021-webroot-brightcloud-threat-report-301272522.html

SOURCE Open Text Corporation

News Provided by PR Newswire via QuoteMedia

The Conversation (0)
AI acronym with face superimposed.

AI Stocks: 9 Biggest Companies in 2024

Artificial intelligence (AI) may be an emerging technology, but there are plenty of billion-dollar companies in this space.

As the market has grown over the past few years, AI technology has made strong inroads into several key industries, including logistics, manufacturing, finance, healthcare, customer service and cybersecurity.

While AI-driven advancements in robotics have received the most press in recent years, the latest buzz has centered around OpenAI’s ChatGPT. This intelligent chatbot shows how quickly generative AI is advancing, and has attracted the attention of heavyweight technology companies such as Microsoft (NASDAQ:MSFT), which has reportedly invested billions of dollars in the privately held OpenAI. Alphabet (NASDAQ:GOOGL) has also released its own AI chat tool, Google Gemini.

Keep reading...Show less

Customers Expand Their Horizons with OpenText Cloud Editions 24.2

Company unveils its latest information management solutions, powered by AI and designed to catalyze business transformation through reimagining the way work is approached

OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, today announced Cloud Editions (CE) 24.2 at its OpenText World Europe conference April 15-18 .  OpenText's innovations combine trusted information management solutions and data strategies with advanced artificial intelligence (AI) capabilities to make work smarter, safer, and simpler.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less

OpenText World Europe 2024 Takes Flight Debuting Latest AI Innovations to Elevate Human Potential

OpenText brings together customers, partners and industry luminaries to explore the transformative power of AI as the force multiplier for human potential

OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, today began its OpenText World Europe event taking place in three locations, London Munich and Paris April 15 18. OpenText is excited to bring together customers, partners, and industry luminaries to explore the transformative power of information management and artificial intelligence (AI) to elevate human potential.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
"2024" overlayed on brain and hands.

AI Market Update: Q1 2024 in Review

Tech stocks have emerged as a driving force in the market, and in Q1 they built on a rally that began in 2023.

According to Bank of America Global Research, tech stocks saw inflows of US$18.6 billion during the period, the third largest on record. Artificial intelligence (AI) initiatives from both new and existing companies helped to drive these gains, which have propelled the tech-heavy Nasdaq Composite (INDEXNASDAQ:.IXIC) higher in 2024.

Meanwhile, investors are encouraged by the US Federal Reserve’s “soft landing” narrative, although Chair Jerome Powell’s stance regarding the timing and magnitude of potential interest rate cuts due to still-sticky inflation is a concern.

Keep reading...Show less
"AI" written on a computer chip.

Trudeau Earmarks C$2.4 Billion for Canadian AI Innovation in 2024 Budget

The Canadian government has announced plans to inject C$2.4 billion into artificial intelligence (AI) innovation.

Prime Minister Justin Trudeau unveiled the package as part of the country’s 2024 budget, saying the focus is on accelerating job growth in Canada's AI sector by boosting productivity and ensuring responsible AI use and adoption.

"AI has the potential to transform the economy. And our potential lies in capitalizing on the undeniable Canadian advantage," he said. "These investments in Budget 2024 will help harness the full potential of AI so Canadians, and especially young Canadians, can get good-paying jobs while raising our productivity, and growing our economy.”

Keep reading...Show less

OpenText to Report Third Quarter Fiscal Year 2024 Financial Results on Thursday, May 2, 2024

Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), announced today that financial results for its third quarter fiscal year 2024 will be released on Thursday, May 2, 2024 at approximately 4:00 p.m. ET .

OpenText logo (PRNewsfoto/Open Text Corporation)

OpenText to Host Conference Call Webcast
Mark J. Barrenechea , OpenText CEO & CTO and Madhu Ranganathan , OpenText President, CFO & Corporate Development will host a conference call webcast on May 2, 2024 , at 5:00 p.m. ET from its Investor Relations website.

Date:

Thursday, May 2, 2024

Time:

5:00 p.m. ET/2:00 p.m. PT

Length:

60 minutes

Webcast:

Access on OpenText IR website https://investors.opentext.com

For more information, please visit: https://investors.opentext.com

About OpenText
OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud-Editions. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit https://www.opentext.com

Copyright ©2024 Open Text. OpenText is a trademark or registered trademark of Open Text. The list of trademarks is not exhaustive of other trademarks. Registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text. All rights reserved. For more information, visit: https://www.opentext.com/who-we-are/copyright-information

OTEX-F

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/opentext-to-report-third-quarter-fiscal-year-2024-financial-results-on-thursday-may-2-2024-302112265.html

SOURCE Open Text Corporation

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×