Cryptomining malware attacks double in 2018

Published on: 26 Jul 2018

The number of organisations hit by cryptomining malware doubled to 42 per cent in the first half of 2018, compared to the second half of 2017 (20.5 per cent).

This is according to research from Check Point Software Technologies, which also found that the top three most common malware variants seen in the first half of 2018 were all cryptominers (Coinhive, Cryptoloot, JSEcoin).

Check Point’s study detected an increasing number of attacks targeting cloud infrastructures. As organisations move more of their IT estates and data to cloud environments, criminals are turning to the cloud to exploit its vast computational power and multiply their profits.

Maya Horowitz, threat intelligence group manager at Check Point, said cyber criminals were taking full advantage of stealthy cryptomining malware to maximise their revenues. 

“We’ve also seen increasingly sophisticated attacks against cloud infrastructures and multi-platform environments emerging,” she added.

“These multi-vector, fast-moving, large-scale Gen V attacks are becoming more and more frequent, and organisations need to adopt a multi-layered cyber security strategy that prevents these attacks from taking hold of their networks and data.”