Crypto-Mining Malware Has Increased 50% Since Last Year

A new report from Check Point suggests that the number of companies who have fallen victim to malware which focuses on crypto-mining has double over the last year.

Andy Norton, Director of Threat Intelligence at Lastline:

“Cryptocurrencies like Monero have really opened the door for botnet operators to create this trend. Monero brought two key things to the criminal arsenal: Firstly it uses the cryptoknight algorithm which is suitable to mine coins on everyday devices, and secondly it uses ring signatures which offer complete anonymity to botnet miner. Recently the botnet operators started adding tried and trusted malware evasion techniques to the mining payloads in order to avoid being blocked by sandbox checks.”