Over 2.5 million new cases of 'cryptojacking' software in 2018

26 Sep, 2018
by David Robb
News
Over 2.5 million new cases of 'cryptojacking' software in 2018

A recent report by McAfee Labs has revealed the full extent of the 'cryptojacking' problem. Cryptocurrency-mining malware continues to rise, with around 2.5 million new cases in the first half of 2018.

While they are a significant contribution, these 2.5 million new cases account for less than half of the total number of crypto-mining malware, as most of the cryptojacking is still carried out by older programs. For the second quarter of 2018, there were over 5 million cases, up from 3 million in Q1.

The report claims that "Cybercriminals continue to follow the money. Although this statement is familiar, our latest Threats Report clearly shows the migration fromcertain older attacks to new threat vectors as they become more profitable. Just as in Q1, we see the popularity of cryptocurrency mining continue to rise."

Cryptocurrency does, however, remain a relatively niche area to aim at for online criminals. For the period 2017 to Q2 of 2018, it is outside the top 10 targeted sectors for hackers.

Read more: Malware attacks up by 459%- harbinger of more serious problems?

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