In recent days, malwares known as malicious software, are advanced, and systematically developed to attack the target. Most of such advanced malwares are highly persistent and capable of escaping from the security systems. Malware affects the user's computer system or mobile devices by exploiting the system's vulnerabilities. It is the major threat to the security of information in the computer systems. Some of the types of malware that are most commonly used are viruses, worms, Trojans, etc. Nowadays, there is a widespread use of malware which allows intruder to get sensitive information like bank details, contact information, which is a serious threat in the world. Most of the malwares are spread through internet because of its frequent use which can destroy large information in any system. Malwares from their early designs which were just for propagation have now developed into more advanced form, stealing sensitive and private information. This work focuses on analyzing the recent malware attacks and threats which had a huge impact on the cyber world . This work is concluded by with malware mitigation strategies which can help us protect our system's information and future research directions which are emerged to protect from cyber attacks.