Goodbye ransomware, hello crypto jacking

2017 was known as the year of ransomware decline. Soon after the cyberattacks of WannaCry and Petya/GoldenEye the ransomware ascending trends started to fall; because the constant evolution of cyber criminality has found a new mother-lode: crypto mining. Cybercriminals have developed a strategy of attacking third-party computers and using them without consent to mine cryptocurrencies for their own financial gain. This has given rise to the concept that has irrefutably defined cybersecurity in 2018: crypto jacking.

Companies and individual people must take certain precautions against this growing phenomenon of malware cyber attacks; for that they should implement at least a cybersecurity solution, like an antivirus, to protect their systems. Necessary things like regularly updating operating systems, using antivirus for Windows or antivirus for Mac depending on which OS your device is using.

Companies must also hire professional cybersecurity firms to do regular checkups to their internal network a couple of times per year. These checkups must always include a penetration test and various ethical hacking test.

2018, the year of crypto jacking
As we explained above crypto jacking consist in using malware to mine crypto-coins. Cybercriminals leverage part of a device’s processing power in order to covertly mine cryptocurrencies; the victim notices nothing more than the slowing down of the device, from here many victims most likely tend to put down the slow to something other than a cyber attack.
The year 2018 is well known for transforming IT programs and websites as Microsoft Word, GitHub, and YouTube in miners. Illegitimate crypto mining continues: 200,000 MikroTik routers in Brasil were affected by one attack; CMS Drupal by another; and in China, a criminal group that had infected more than a million computers with crypto jacking tools over two years was arrested.

The first half of 2018 alone has known a 4,000% increase in the number of crypto jacking attacks on Public Administration. Conversely, we found that the number of ransomware cases fell 2% in the same period.
Other European countries have also been witness to this astronomical growth. In the United Kingdom, 59% of companies have been affected at one time or another by this cyberthreat, and 80% of the attacks that have been detected happened in 2018. This trend is also on the up in the Netherlands. Dutch warned that crypto jacking has become cybercriminals 1st strategy.

Keep in mind that every device has a significant value that must be protected by at least cybersecurity solution like an antivirus. Depending on which OS your device is running, install an antivirus for Windows or antivirus for Mac for total protection. Companies must take an extra step and hire a professional cybersecurity firm that will run various cybersecurity tests on your company’s network to implement only the best possible cybersecurity solution. Always opt for a package that includes at least a penetration test and ethical hacking test.

For companies that exist 100% online, we recommend the using of cyber-secured web hosting services.