Cryptominers hit firms 10 times more than ransomware in 2018
Thirty seven per cent organisations globally were hit by cryptominers in 2018, and 20 per cent companies continue to be hit every week despite an 80 per cent fall in cryptocurrency values. However, the threat risk of cryptominers has been underrated by organisations.
"When asked what they rated as the biggest threats to their firm, just 16 per cent stated cryptomining, compared with DDoS attacks (34 per cent), data breaches (53 per cent), ransomware (54 per cent) and phishing (66 per cent). "This is concerning as cryptominers can easily act as stealth backdoors to download and launch other types of malware," the company said in a statement.
"The report shows how cybercriminals are successfully exploring stealthy new approaches and business models, such as malware affiliate programmes, to maximise their illegal revenues while reducing their risk of detection," said Peter Alexander, Chief Marketing Officer, Check Point Software Technologies.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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