42% of organizations globally hit by cryptomining attacks

Cybercriminals are aggressively targeting organizations using cryptomining malware to develop illegal revenue streams, according to Check Point. Meanwhile, cloud infrastructures appear to be the growing target among threat actors.

Between January and June 2018, the number of organizations impacted by cryptomining malware doubled to 42%, compared to 20.5% in the second half of 2017. Cryptomining malware enables cybercriminals to hijack the victim’s CPU or GPU power and existing resources to mine cryptocurrency, using as much as 65% of the end-user’s CPU power.

Read more about the findings of the new research by Check Point on Help Net Security.