Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump
30 Luglio 2022 - 6:30PM
NEWSBTC
The crypto industry is fraught with different malicious actors
preying on unsuspecting users, especially the cryptojacking
attackers. Many hacks and exploits occur in the industry, targeting
crypto firms and individual investors. According to data, crypto
scams and exploits in 2022 amounted to $10.3 million from January
to June. This shows that the industry is not safe to operate
without caution. Apart from exploiting exchanges and networks,
cybercriminals also target individuals through cryptojacking. This
targeted attack on someone’s computer resources to mine crypto
without permission. Related Reading: Ethereum Barrels Past
$1,700 – Next Target: $2,000 In cryptojacking, the lousy actor will
infect the computer with mining malware through the target’s
loopholes in extensions and browsers. This tactic might seem
unpopular, but recent reports have shown that it increased by 30%
in 2022, even with the failing crypto market. This report emerged
from SonicWall mid-year cyber threat update. According to the
cyber-security company’s report, the volume of these exploits
increased by $66.7 million compared to its figure in the first half
of 2021. Factors Increasing Crypto Scams According to the company
report, one of the factors that contributed to the increase in
cryptojacking was the Log4j vulnerability. This flaw was discovered
in December 2021, affecting a Java-based logging utility in
Apache’s open source library. With this vulnerability, hackers can
quickly access a system remotely and attack their targets. Another
factor leading to this increase is that cryptojacking is easier to
perpetrate. This method of attack is not risky compared to
ransomware in that the victim must be involved so he can pay the
ransom. In cryptojacking, the target will never know that the
network or computer is under attack. Cryptojacking And The
Financial Sector From this data, it’s evident that everyone
operating in the financial sector is at risk. People are more aware
of ransomware attacks and have devised means to prevent them or
decrypt their files. Also, cryptojacking wasn’t that common in the
financial sector. But now, criminals have changed their targets
from other sectors. A recent report shows that finance and retail
are at risk of this trend. The finance sector recorded a 269%
increase, while retail saw a 63% increase in cryptojacking. This
figure shows that attackers are targeting the finance sector more
than retail. Related Reading: Polkadot (DOT) Grinds 15% Higher
Amid Sustained Buying Cyber-security researchers claim cyptojacking
was intense in quarter one of 2022 when crypto prices were
standard. The activities only began to drop after the crypto market
crashed. As the sector lost massively, the targeted profits
plummeted, causing the hackers to reduce their operations. But
judging by past trends, the researchers revealed that the volume of
cryptojacking in Q3 will reduce but increase by quarter four.
Featured image from Pixabay, chart from TradingView.com
Grafico Azioni Polkadot (COIN:DOTUSD)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Polkadot (COIN:DOTUSD)
Storico
Da Apr 2023 a Apr 2024