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Cryptocurrency mining malware on the rise

Posted on Sep 25, 2018.

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A newly published report by McAfee shows a spike in cryptocurrency related malware. A relatively new breed of security threat that targets its victims CPU for the purpose of diverting resources for cryptocurrency mining to the benefit of cybercriminals.

In total, 2.5 million new samples were found according to this Q2 report. This marks an increase of 85%. It is hardly surprising that this avenue or exploitation is taking hold given the rise of cryptocurrency at a time when cybercriminals continue to seek out new and effective methods to target unsuspecting victims.

Christiaan Beek, Lead Scientist and Senior Principal Engineer at McAfee, said: “WannaCry and NotPetya provided cybercriminals compelling examples of how malware could use vulnerability exploits to gain a foothold on systems and then quickly propagate across networks.

“It’s still surprising to see numerous vulnerabilities from as far back as 2014 used successfully to spearhead attacks, even when there have been patches available for months and years to deflect exploits.”

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