Cryptomining And Cryptojacking Are On The Rise Shows Report Released By Webroot
The Smarter Cybersecuriy company Webroot, has released the 2019 Webroot Threat Report. The investigation shows very interesting things regarding cybersecurity issues . One of the notable findings shows that although the crypto market has been in a bear trend, there are still some security issues regarding cryptojacking and crypto mining attacks .
As per the report, despite this bear trend in the space, the number of cryptojacking URLs Webroot saw during the first part of 2018, more than doubled between September and December 2018.
According to the report, these attacks can be more profitable for hackers than ransomware attacks. Indeed, it is not necessary for these hackers to wait for the user to perform a payment. As soon as the computer is infected, miners can start working on the background. Moreover, if the malware is installed on a website, users do not need to do anything and the hacker would already be earning money by stealing users’ funds.
One of the dominant software used by attackers is known as Coinhive , which has been expanding in the market since it was launched. It allows hackers to inject it in a specific website and consume visitors’ power to mine virtual currencies such as Monero ( XMR ) – which can be mined using CPU power.
Hal Lonas, the CTO of Webroot, explained: “We wax poetic about innovation in the cybersecurity field, but you only have to take one look at the stats […]
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