Crypto-mining malware rose 4,000% in 2018

Crypto mining or crypto jacking was one of the most popular (and illegitimate) ways to hack cryptocurrency in the year 2018.

A recent report by the cybersecurity firm McAfee Labs also showed apprehension on how widespread the illicit method is becoming. According to the report, the year 2018 saw a 4000% increment in instances of crypto-mining malware. The report also highlights that over 4 million new threats were seen in Q3 alone, compared to the five hundred thousands of the same period last year.
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Mining cryptocurrency via malware is one of the big security stories of 2018. Total “coin miner” malware has grown more than 4,000% in the past year

Similar to other malware, crypto jacking also infect the innocent victim’s device and uses their resources to mine cryptocurrency. As a result, the victim is left with zero rewards along with an electricity bill to front.

Apparently, the year 2018 saw numerous crypto jacking frauds – more than ever. With time, the hackers are also becoming cleverer and finding innovative methods to mine and hide the cryptocurrency. This year, we also saw hundreds of thousands of MikroTik Wi-Fi routers being infected in South America and India through mining malware.
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Let us hope the coming year sees less such incidence and the security experts come up with some legitimate tool to eliminate the crypto-mining malware scammers from the scenario.

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