Cryptojacking Attacks Growing Rapidly, Trend Micro Reports

Sean Michael Kerner | August 28, 2018

Cryptojacking Attacks Growing Rapidly, Trend Micro Reports
Trend Micro's 2018 midyear security report finds that ransomware attack volume is growing slowly, while cryptojacking continues to escalate. Trend Micro released its 2018 midyear security roundup on Aug. 28, revealing slowing growth of ransomware attacks, while cryptojacking attacks are surging.
Among the highlights of the 40-page report is that in the first half of 2018, there was a 956 percent increase in cryptojacking attacks over the first half of 2017. Cryptojacking refers to unauthorized cryptocurrency mining, which can end up consuming a victim's system resources. "For now it does appear that this trend will continue for the foreseeable future, but with crypto-currency values changing quite wildly, we could see a decrease in this threat," Jon Clay, director or global threat communications for Trend Micro, told eWEEK. "We do think we'll see an increase in targeting of owners of crypto-currencies or the exchanges themselves, as the opportunity to steal more coins is higher there than the prospect of mining coins." Multiple organizations have warned about the rise in cryptojacking in 2018. A report from security firm Palo Alto Networks released on June 11 estimates that attackers have generated at least $143 million in illicit earnings from cryptojacking. While cryptojacking attacks have grown in the first half of 2018, ransomware attacks have stalled somewhat. Trend Micro reported that ransomware detections in the first half of 2018 were up by only 3 percent from the second half of 2017. It's currently unclear if ransomware will grow faster in the second half of 2018.

Spotlight

A recent Gartner report on the pace of disruption and change in the storage industry. The report offers an overview of vendors in the storage market along with invaluable insights to aid in making the right decision for your business today and into the future.


Other News

AI APPLICATIONS

Enterprise AI platform Dataiku launches managed service for smaller companies

Dataiku | June 15, 2021

Dataiku is going downstream with a new product today called Dataiku Online. As the name suggests, Dataiku Online is a fully managed version of Dataiku. It lets you take advantage of the data science platform without going through a complicated setup process that involves a system administrator and your own infrastructure. If you’re not familiar with Dataiku, the platform lets you turn raw data into advanced analytics, run some data visualization tasks, create data-backed dashboards and train machine learning models. In particular, Dataiku can be used by data scientists, but also business analysts and less technical people. The company has been mostly focus...

Read More

AI TECH

Tech Mahindra and Subex Partner to Drive Scale Adoption of Blockchain-based Solutions for Telecom Operators Globally

Subex | November 05, 2020

To enable fraud mitigation and drive operational efficiencies for communication service providers by reducing compliance complexities and faster time-to-market 5th November 2020, BENGALURU, INDIA – Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, and Subex, an industry leader in providing services based on Digital Trust, have announced strategic partnership to roll-out blockchain based solutions for telecom operators globally. These solutions will enable fraud mitigation and drive operational efficiencies for communication service providers (CSP) by reducing compliance complexities and faster tim...

Read More

Google Cloud and STS to Automate U.S. Navy Maintenance Inspections Using AI and ML Technology

Prnewswire | August 28, 2020

Google Cloud and Simple Technology Solutions (STS)—a Google Cloud partner and small business specializing in multi-cloud solutions for the federal government—today announced they are working with the U.S. Navy to modernize the maintenance and repairs inspection process for Navy vessels and facilities. STS will use Google Cloud artificial intelligence (AI) and machine learning (ML) technologies on inspection drone-captured images to detect, prioritize, and predict its maintenance needs. The work was awarded to STS as a Phase I Small Business Innovation Research project due to the technology innovation and potential for commercialization....

Read More

THE BEST UPWORK AGENCY – THE FOURTH AWARD

MobiDev | July 24, 2020

This year MobiDev won the fourth award as Upwork’s Best Agency in Ukraine. The first place in the Web, Mobile & Software Development category is ours for the fourth year in a row. Although this year, the Upwork Ukraine Awards Ceremony took place online in Zoom, that didn’t stop us from attending it.We are proud to keep the leading position and to justify the confidence of our clients for many years. Without such an awesome team none of this would have been possible. Thank you, guys! Alone we could do so little, together we are capable of so much....

Read More

Spotlight

A recent Gartner report on the pace of disruption and change in the storage industry. The report offers an overview of vendors in the storage market along with invaluable insights to aid in making the right decision for your business today and into the future.

Resources

Events