Crypto-mining attacks rise dramatically in the first half

August 30, 2018
Chris Wheal

Cryptocurrency mining attacks jumped dramatically in the first half of this year according to data from IT security company Trend Micro.

GPU rigs at a cryptocurrency mining operation

In its latest Midyear Security Roundup, the company recorded more than 787,000 detections of malicious crypto-mining software in the first half, up a dramatic 956% from the 74,500 seen in the first six months of 2017.

Trend Micro said the crypto-jacking programs were detected in both legitimate mining tools and dedicated malware.

Design flaws

“The year started off rocky when, in January, serious design flaws were discovered in popular microprocessors previously assumed to be secure,” the report said.

It continued: “These damaging threats — from the miners that quietly leech power from victims’ devices to the serious vulnerabilities that leave machines open to covert attacks — split limited security resources and divide the focus of IT administrators.”

The full report can be found here.

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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