Cryptojacking Threat Continues to Rise

The latest malware threat doesn’t encrypt your files, delete your data, steal your information, or even deface your website: All it does is steal your productivity and electricity in order to make money for the attacker. And it’s becoming a huge threat to corporate IT. Unethical and criminal cryptocurrency miners have discovered that the cheapest electricity is power that someone else pays for, and the most plentiful space that in someone else’s data center. And the rewards of cryptocurrency speculation make the (currently small) risk of discovery worth it for many actors.

In a new report, researchers at Secureworks note that the cryptocurrency market grew from approximately $18 billion to more than $600 billion during 2017. The rise in value has been accompanied by a rise in crypto-miner malware. Secureworks says that the number of alerts related to cryptocurrency mining they’ve seen in their client base has jumped significantly, from 40,000 in May of 2017 to over 280,000 in October 2017. While settling back slightly, they say that the number of “cryptojacking” alerts has remained high through February of this year.

Read more about the findings of the Secureworks report on the rise of cryptojacking on DarkReading.

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