A new NSFOCUS report indicates that the declining price of cryptocurrencies in 2018 prompted threat actors to stop using botnet resources  for cryptomining attacks – as these were getting less and less profitable – and increasingly use them to launch distributed denial-of-service (DDoS) attacks instead. Despite this, the number of

A new NTT security report shows that 17% of all cyberattacks in the past year targeted the financial sector. The technology sector also accounted for 17% of attacks in 2018, but finance has been the most targeted industry for 6 of the last 7 years. Other highly targeted industries were

China may eliminate its subsidized cryptomining industry in the near future. Cryptomining involves the use of the processing power of machines in order to solve complex math problems, by which cryptocurrencies are generated. The Chinese regime initially believed that investing in cryptomining could be beneficial to its economy, and therefore

A new Check Point report shows that despite the recent shutdown of Coinhive, a cryptomining software developed for legitimate purposes but frequently used for nefarious purposes by criminals, cryptominers are still among the most common malware targeting organizations across the globe. A cryptominer is malware that hijacks the processing power

Even though cryptojacking, i.e. the illegitimate use of a system’s resourcing powers for mining cryptocurrency, is a serious threat to organizations, a new survey by Exabeam found that a majority (57%) of infosec professionals don’t even know what it is. In addition, 65% of respondents were not familiar with shadow

A new report by Check Point shows that cryptominers, i.e. malware that hijacks the processing power of infected systems in order to mine cryptocurrency, remained the dominant malware threat in February. As was true throughout 2018, the number one threat was Coinhive, a cryptomining software developed for legitimate purposes but

“Even though cryptocurrency prices have fallen, cybercriminals could still take advantage of mining software, and not for the reasons you think. Instead of creating alternative currencies, cryptomining software could be used for a more sinister attack that could steal corporate secrets, according to Troy Kent, a threat researcher at Awake