Cryptojacking attacks are becoming more and more common. In spite of the downturn in most of the cryptocurrencies, hackers are not shying away from launching new Cryptojacking malware. Moreover, it is becoming more and more difficult to detect Cryptojacking malware as well. In fact, in some of the countries, Cryptojacking attacks are more frequent as compared to ransomware attacks.
Are hackers switching over from ransomware to Cryptojacking?
According to the report, the instances of Cryptojacking attacks have increased from 3.5 million in the preceding year to 13 million this year. This is a fourfold increase in just one year. In spite of the fall in cryptocurrency prices, it seems like Cryptojacking attacks are becoming more and more common. This is because the cost of launching a Cryptojacking malware is pretty small. Comparatively, it is easy to spread Cryptojacking malware. It is very hard for anti-virus and anti-malware programs to catch Cryptojacking malware. Owing to this very reason, the success rate is pretty high.
There are still quite a few cryptocurrencies which are difficult to trace like Monero (XMR). That is why, even when these malware are caught, the culprits behind these malware attacks cannot be caught. They simply create new malware and work on spreading that malware. This is the reason why it is becoming more and more difficult to hold the Cryptojacking attempts. One thing which is for sure is that with the increasing popularity of cryptocurrency, Cryptojacking can surely emerge as the biggest cybersecurity threat on a global basis.