Cryptojacking Attempts up Ten Times in First Half of 2018

Global cybersecurity solutions provider Trend Micro Incorporated said in a new study that this year, cryptojacking attempts are making the most significant impact ever. In its Midyear Security Roundup 2018, the company said it recorded a 96 percent increase in cryptocurrency mining detections in the first half 2018 compared to all of 2017 and a 956% increase in detections versus 1H 2017.

“This indicates cybercriminals are shifting away from the quick payout of ransomware in favor of the slower, behind-the-scenes approach of stealing computing power to mine digital currency,” the report said.

The study also showed cybercriminals are veering away from attention-grabbing ransomware attacks to more clandestine methods but with the same intention of stealing money and precious computing resources.

<...>

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.