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Symantec: Indian Users at High Risk From Formjacking Attacks Ranking Third in The World

Symantec report reveals that Indian users ranked third after US and Australia from Formjacking attacks – malicious JavaScript code in the first half of 2019.The form jacking attack is a type of attack where cybercriminals find a way to change one of the Javascript files being loaded as a part of the website.

This malicious JavaScript coding changes the behaviour of the website where it is implanted resulting in ability to steal payment card data and other personal information in the background. This also includes stealing passwords and other personal data from websites.

The research titled “The Internet Security Threat Report”  said that on an average, websites compromised in this way stay infected for 46 days. The year 2019 saw around 52% of all global formjacking attacks targeted users in the US, while 8.1% of the global attacks targeted users in Australia. 6% of attack targeted Indian users making third in the world.

The report further indicated attack on websites of companies including Ticketmaster, British Airways, Feedify and Newegg by a number of groups summarised as Magecart being the most important.

“Each month we discover thousands of formjacking infected websites, which generate millions of dollars for the cybercriminals,” warned Candid Wueest, Principal Threat Researcher at Symantec.

The prime motivation of attackers in formjacking attacks lies in to make profit from stolen Information.

“Consumers often don’t notice that they have become a victim to a formjacking attack as it can happen on a trusted online store with the HTTPS padlock intact. Therefore, it is important to have a comprehensive security solution that can protect you against formjacking attacks,” added Wueest.

Till date Symantec has blocked more than 2.3 million formjacking attacks globally in the second quarter of 2019.

(Image courtesy: www.chargebackgurus.com)

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