UK firms see big jump in crypto mining malware

August 15, 2018
Chris Wheal

Around a third of UK firms were targeted by crypto mining malware over the course of just a month, according to new research from software firm Citrix Systems.

The survey adds to the growing body of evidence suggesting that crypto malware is on the rise.

Big jump

While 30% of UK businesses had been affected in some way by crypto mining malware during the space of one month, nearly 60% of UK firms said they had previously detected the problem.

Tellingly, of those saying they had been targeted by crypto mining malware at some point, 80% said this had occurred within the past six months.

Crypto mining malware appears to be growing in popularity among cyber criminals alongside the ransomware that seeks to extort money from victims through crypto payments.

crypto mining malware

Around 10% claimed over 100 computers had been hit by crypto mining malware

Processing power

Crypto mining malware seeks to use the processing power of other computers to mine cryptocurrencies.

Of those surveyed, some 60% of respondents who had been affected by mining malware said fewer than 50 of their firm’s computers had been hit.

Around 10% claimed more than 100 computers had been subjected to this type of attack.

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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