The report combines results from the Symantec.cloud MessageLabs Intelligence Report and the Symantec State of Spam & Phishing Report.
According to Symantec, the turbulent market drives “pump-and-dump” stock scams. Spammers cause an artificial rise in stock price and sell their shares. Ending the campaign reduces interest in stock and drives stock back to original low price.
“Scammers can make substantial profits in a matter of days with a well-executed pump-and-dump spam. In the current turbulent environment many people may be convinced to invest in stocks that the scammers claim will benefit from the market turbulence,“ said Paul Wood, senior intelligence analyst, Symantec.cloud.
Additional analysis revealed that there were as many new boot time malware threats in the first seven months of 2011 as there were in the previous three years.
“MBR infections offer great scope for deep infection and control of computers, which makes the idea attractive to malware creators. Contemporary MBR infection methods are a fairly complex affair usually executed by highly skilled individuals,“ Wood said
In August 2011, the global ratio of spam in email traffic declined to 75.9 percent. However, phishing activity increased in August. Many increases are coming from attacks related to major brand names related to Apple’s iDisk as well as a variety of Brazilian companies and services, including financial brand names and social networking.