Crypto-jacking Incidents Have Climbed 400% This Year
Shutterstock
Main page News, Cryptocurrency
Hot topic
Dec. 17, 2018
272 272

2018 saw cryptocurrency become an established part of many people’s lives — and a more attractive target for cybercriminals across the world.

In fact, the Russian cybersecurity and anti-virus company Kaspersky Lab has released data stating that crypto-jacking incidents have climbed to 13 million this year — or 400 percent regarding last year’s total of 3.5 million cases. Cryptojacking is the unauthorized use of someone else’s computer to mine cryptocurrency.

Even though many analysts may declare that the wild fluctuations of crypto prices — and after it the wide fall of cryptocurrencies prices — might have been the major challenges the industry has faced this year, others may disagree. Crypto-crime has been, indeed, one of the largest concerns this year due to the crypto rise in popularity.

As mentioned, crypto-jacking is used to describe malicious activity in regards to cryptocurrency mining. Crypto-jackers hijack someone else’s computers to divert funds to their own wallets. According to the cybersecurity company malicious mining of cryptocurrencies prevailed over the main threat of the last few years: ransomware.

And it may persist as a major concern in 2019.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error
Close