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Crypto Mining Attacks Massively Jump

By: Nathan Frangoulis

Since the first half of 2017, attacks on crypto-mining has jumped by almost 1000 percent, as reported by Trend Micro during the week. Trend Micros research reported that there were thousands of detections of malicious cryptocurrency mining software being utilized through out the first six months of 2018. This occurrence is only natural, as cryptos relevancy has been growing throughout the early months of the year.

 

The report indicated that researchers discovered a total of 47 new crypto mining malware families, which have brought up new groups being developed throughout the year. The attacks are focused on crypto jacking and businesses using computers of other victims in order to mine cryptocurrencies.

 

Businesses may need to pay attention to these reports, while investing into new means of crypto security. Crypto jacking can often damage hardware and networking performances, which can shorten the overall lifespan of a business’s IT network.

 

Attackers are able to properly bypass crypto-mining fundamentals to hack exchanges directly, which results in a large amount of cryptocurrencies being stolen.

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Fintech Review is a magazine focusing on the intersection of finance and technology in the modern age. We provide you with details and reviews of the latests fintech news, while analysing market trends and ventures so you don't have to. You will also find interviews wit hkey industry leaders and opinion pieces from those experienced in the game.

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