• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Crypto Mining Malware 'Dominates' Cyber Criminal Activity, Report
Nexo

Crypto Mining Malware ‘Dominates’ Cyber Criminal Activity, Report

Julio Gil-Pulgar by Julio Gil-Pulgar
2 years ago
in Bitcoin Security, News, News teaser
0

Just like any other industry, the crypto industry is highly vulnerable to cyberattacks in 2020, according to a Check Point Research‘s cybersecurity report.

Cloud Infrastructure a Big Target for Crypto Mining Attacks

In 2019, no organization, regardless of its size, was excepted from cyberattacks. Cybercrime is lucrative and, therefore attractive for unscrupulous individuals. Researchers estimated that for 2018 cybercrime rates generated US$1.5 trillion.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Bitcoin is resilient because of the randomness of the data exchanges within its blockchain, and the use of sturdy encryption. Consequently, the blockchain and the data cannot be duplicated or infiltrated through malware or other malicious technology. Nonetheless, transactions occurring around the blockchain are vulnerable to cyberattacks.

For example, for 2020, the Cyber Security Report underscores the threat to cloud infrastructures related to cryptomining attacks. Although the value of cryptocurrencies declined in value last year, cloud infrastructures present a massive target for cryptomining malicious campaigns.

Crypto mining malware image

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Cryptomining malware is defined as software programs and malware components programmed to take over a computer’s resources and use them for cryptocurrency mining without a user’s permission.

Ransomware Exploits Becoming More Sophisticated

Ransomware is another threat that became more sophisticated and targeted in 2019. In the first half of 2019, compared to 2018, there was a 50 percent increase in attacks by mobile banking malware. In effect, according to the report, “27% of all organizations globally were impacted by cyberattacks that involved mobile devices.”

The report describes the malware that specifically exploits Bitcoin over any other crypto. For example, Glupteba includes a Command and Control address update mechanism through public Bitcoin lists. Glupteba is thus used to distribute a browser stealer or router exploiter. Cryptoloot is also used to perform online mining of Monero coins when an intruder visits a web page without the user’s authorization. Moreover, Danabot is a banking Trojan that targets Windows platform, that it is also used to steal browser passwords and wallets.

Researchers also highlight how hackers have used Ryuk ransomware to extract large payments in Bitcoin from their victims.

The range of cyber threats is becoming more extensive and more sophisticated. Thus, the report recommends that to stay ahead of criminals and avert cyberattacks, not merely detect and remediate them, organizations need to implement a proactive battle plan and keep threat intelligence up to date.

“To prevent zero-day attacks, organizations first need incisive, real-time threat intelligence that provides up-to-minute information on the newest attack vectors and hacking techniques. Threat intelligence must cover all attack surfaces, including cloud, mobile, network, endpoint, and IoT, because these vectors are commonplace in an enterprise.”

How do you think cybersecurity threats will affect the crypto industry in 2020? Let us know in the comments below.


Images via Shutterstock, Check Point Research

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Julio Gil-Pulgar

Julio Gil-Pulgar

Julio has worked for Fortune 100 companies and the United Nations. He has led projects involving IT, operational, and compliance audits, in the U.S. and throughout the world. His expertise is in cryptocurrencies, IT engineering, risk management, and security. Julio is also a tango dance enthusiast.

Related Posts

UnicornDAO

UnicornDAO Rallies For Women And LGBTQ Artists; Raises $4.5 Million 

1 hour ago
Shiba Inu

Shiba Inu Extinction: Finder Panel Predicts SHIB To Have Zero Value By 2030

1 day ago
Terra

Terra – A ‘Pyramid Scheme’ – Threatens The Crypto Ecosystem, Billionaire Says

2 days ago
Getty Images

Getty Images Teams Up With Candy Digital In Foray Into NFTs

2 days ago
Robinhood

Robinhood To Roll Out Standalone Ethereum Wallet

2 days ago
Portugal

Portugal Stance On Taxes – Crypto Haven No More?

3 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.