Cryptominer Malware Threats Overtake Ransomware, Report Warns

Monday, August 6, 2018

SAN FRANCISCO – Cryptomining malware is the top threat to watch out for this year, according to a new report – with attacks jumping higher than ransomware instances in the first quarter of 2018.

A new report by Comodo Cybersecurity, released Tuesday at RSA Conference 2018, found that cryptominers have surged to the top of detected malware incidents in the first quarter of 2018. Ransomware attacks, which recently dominated Verizon’s Data Breach Investigations Report for 2017, declined significantly in volume over the past three months in 2018, researchers found.

“Criminals’ proclivities to steal money more efficiently were evident with the surge in cryptomining. And the continued strong correlation of attack volume with current geopolitical events shows hackers of all motivations are well aware of the opportunities major breaking news provides them,” said Kenneth Geers, chief research scientist at Comodo Cybersecurity.

During the first quarter of 2018, Comodo said it detected 28.9 million cryptominer incidents out of a total of 300 million malware incidents.  The number of unique cryptominer variants grew from 93,750 in January to 127,000 in March.

THREAT POST, 04.17.2018

Click for more...