Cryptojacking on the Rise as Cybercriminals Shift Tactics
Cybercriminals are moving away from ransomware attacks and turning to cryptojacking, a more covert strategy that involves stealing computing power to mine digital currency. This shift in tactics has led to a significant increase in cryptojacking incidents, according to SonicWall, a publisher of cyberattack intelligence. Here are the key points:
- Cryptojacking refers to exploiting devices for cryptocurrency mining.
- Cryptojacking cases increased by almost 400% in the first half of 2023.
- Record-breaking numbers were seen in January, February, April, and May.
- The total number of cryptojacking hits surpassed 300 million by June 2023.
- Significant increases in cryptojacking were observed in the US, Germany, and the UK.
Furthermore, cybercriminals are now targeting cloud services, cracked macOS applications, and Oracle WebLogic servers instead of solely focusing on smartphones. The education sector has seen a drastic increase in incidents, while the finance industry has also experienced a significant rise in cryptojacking attacks. In conclusion, cryptojacking is becoming a favored strategy for cybercriminals, leading to a surge in incidents worldwide.
Hot Take:
Cryptojacking has emerged as a more lucrative and discreet method for cybercriminals. With ransomware attacks losing appeal, the shift to exploiting stolen computing power allows criminals to mine digital currency without the need for direct interaction with their victims. This trend highlights the need for stronger cybersecurity measures to protect individuals and businesses against cryptojacking attempts.
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