Kaspersky Labs Reports “Cryptojacking” As #1 Threat over Randsomware

Kaspersky Labs Reports “Cryptojacking” As #1 Threat over Randsomware

Kaspersky Labs recently released a cyber security report that notates a significant decline in ransomware as compared to the growing increase of crypto jacking in a recent report published on June 27.

The report seeks to answer the question, “who wears the new threat crown within the cyber crime  world”. Crypto miners were recently able to gain popularity due to their discrete and modest way of making money utilizing user’s computer processing power.

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According to the Kaspersky Lab report, which compared data from April-March of 2017 with data from April-March of 2018, a 30% loss in the amount of ransomware was found as opposed to a 45% gain in the amount of crypto mining attacks. The total amount of internet users affected by these crypto mining attacks are up to around 2.7 million.

Instead of using a one off payment achieved with ransomware, cyber criminals are now employing secret mining software that can benefit from stable and continuous flow of cryptocurrency funds.

Another cyber security report released this week from McAfee Labs notates that the use of crypto malware rose 629% in the first quarter of 2018, compared to the previous quarter in 2017.

The Kaspersky Labs report also notes that newer ransomware is requesting funds in Bitcoin, in exchange for unlocking infected computers. This being a significant change as opposed to fiat currency requests which was the typical means of payment last year.

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