Global spam is now at the lowest it has been since November 2008, when the rogue ISP McColo was closed-down. The effect on spam volumes back then were very dramatic and spam accounted for 68.0% of global emails. More recently the decline has been much slower, but spammers have also adapted to using more targeted approaches and exploiting social media as alternatives to email. Moreover, pharmaceutical spam is now at the lowest it has been since we started tracking it, accounting for 35.5% of spam, compared with 64.2% at the end of 2010.

With targeted attacks and advanced persistent threats being very much in the news this year, we thought it would be a good time as the end of the year draws closer to begin our review of targeted attacks and look more closely at what has been described as “advanced persistent threats” or APTs for short. Terms such as APT have been overused and sometimes misused by the media, but APTs are a real threat to some companies and...