With the ability to generate a staggering $1.5 trillion in revenues every year, cybercrime is big business! It’s the perfect model – earn a high income for minimum effort and risk of penalty.
It comes as no surprise then that when faced with issues around the fluctuating value of Bitcoin, cybercriminals stepped into action. These savvy criminals created a new attack technique that offers better paid out odds in comparison to ransomware – cryptojacking – unauthorised use of someone else’s computing resources to mine cryptocurrency. This new technique has quickly risen in the ranks, replacing ransomware as the number one threat for consumers and enterprises.
Read more about the factors that have driven the popularity of cryptojacking on Information Security Buzz.