This article originally appeared in CPO Magazine on March 1, 2019.
According to a new report from security research firm Symantec, cyber criminals and other hacker syndicates are carrying out “formjacking” attacks at an increasing rate. Thousands of e-commerce sites from around the world have been targeted, including those belonging to Ticketmaster and British Airways. In its report, Symantec says that it blocks an average of 6,368 formjacking attempts daily, making this one of the fastest growing forms of cyber attacks on the Internet right now. At the end of 2018, there was a major uptick in formjacking attempts.
Formjacking as a new attack vector for hackers
Results of the Symantec report on formjacking
The size and extent of the formjacking problem is also worth noting. Over a three-month period at the end of 2018, Symantec was tracking more than 1 million formjacking attempts on over 10,000 websites. The problem was first noticed around August 13 last year. In the period from mid-August to October 1, Symantec tracked over 248,000 attempts at formjacking, and nearly one-third of those attacks occurred within a very narrow window of time – from September 13 to 20. This was the equivalent of a formjacking campaign, as thousands of sites were hit at the same time.