Cryptomining replaces ransomware as most popular cybercrime malware

New Delhi: Skybox Security, a global cybersecurity management player’s latest mid-year 2018 vulnerability and threat trends update report by its Skybox Research Lab has found that cryptomining is replacing ransomware as the cybercriminal tool of choice with cryptomining malware. In the last six months of 2017, ransomware accounted for 32 percent of attacks, while malicious cryptominers accounted for seven percent. By the first half of 2018, the figures had switched almost exactly: malicious cryptominers accounted for 32 percent of attacks while ransomware dropped to eight percent. “In the last few…

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77% of Indians are afraid of cryptomining malware infecting their devices: study

Bangalore: Almost one fourth (23%) of consumers in India are unconcerned about cryptomining malware infecting their personal and smart home devices. Among this group, a 39% mistakenly believe that cryptomining malware cannot affect them as they don’t own or mine cryptocurrencies themselves, according to new research by global digital security products provider Avast. The research was carried out to better understand public perceptions and knowledge of cryptomining – the malicious process of covertly mining cryptocoins using malware planted on an individual’s device. Two-thirds (66%) of Indian consumers said they have…

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