![]() ![]() ![]() As more miners are installed on network and IoT devices, performance suffers, energy costs rise and cloud resources are maxed out. The lightweight nature of crypto-mining code enables it to fly under the radar of typical threat detection tools even as it consumes central processing unit (CPU) cycles and energy. Crypto-Mining Headlines Top Internet Security Threats of 2018Ĭrypto-mining experienced the largest boost of all internet security threats last year with an 8,500 percent jump, according to Symantec’s “ 2018 Internet Security Threat Report.” With just a few lines of code, attackers can install crypto-mining software on unsuspecting devices and dig for digital coins in the background. Still, organizations should expect the sheer number of ransomware attacks leveraging commonly available tools to rise in 2018. ![]() The increased availability of ransomware tools caused the average ransom fee to drop to $522 in 2017, less than half of what the average cybercriminal demanded in 2016. Ransomware Saturates the Cybercrime MarketĪccording to Security Boulevard, ransomware is now considered a commodity with the rise of cybercrime-as-a-service options, which enable would-be hackers with no technical experience to rent their own versions of popular ransomware. As noted by TechRepublic, new data on internet security threats revealed an 8,500 percent jump in the volume of crypto-mining efforts while criminal IoT compromises grew by 600 percent over the previous year. Crypto-mining is up, Internet of Things (IoT) attacks are on the rise and ransomware is undergoing a “market correction,” according to recent research. ![]()
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