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- The most common form of malware used by cryptocurrency miners is Spyware.
- In the global malware detections by malware family, coin miners contribute a massive 41%.
- Crypto hackers are known to be immensely tedious because they can control any devices, even the biometrics of the opening and closing door.
Cryptojacking is a malicious activity in which hackers can use your computer device to mine cryptocurrency. This can be fatal for the devices because the hackers can excessively use them for mining, which can even destroy them. It remained suppressed after a significant mining service, CoinHive, was shut down in 2019. However, cryptojacking has once again risen to fame, leaving millions of users terrified.
Cryptojacking can Highly Affect Victim’s Device
A recent article by Digital Information World explores the important aspects of cryptojacking. In cryptojacking, undetected emails are sent to users. Usually, these emails contain invisible links, which, if opened, can exploit the devices in seconds. In addition, they notify several other cybercriminals, leaving your device extremely vulnerable. According to NTT’s 2021 Global Threat Intelligence Report, the most common form of malware used by cryptocurrency miners is Spyware. In the global malware detections by malware family, coin miners contribute a massive 41%. The Middle East, Africa, Europe, and America are the central regions that have heightened malware activities.
The Need to Keep a Check on Increasing Malware Activities
Crypto hackers are known to be immensely tedious because they can control any devices, even the biometrics of the opening and closing door. The extent to which they can control is still unknown to us. Hence, the need to control them is very urgent. Recently, a bot has been deployed to search for vulnerabilities in Windows and Linux servers which are ready to exploit them by XMRig miner and malware. A success rate of 82% has been recorded for this malware.
The cryptocurrency market is booming, and the heavy returns generated from them are enough to attract hackers. With around $406.34 million already lost in 2020, ransomware shows no sign of slowing down. In just five months of 2021, $81.55 million has been lost in cryptocurrency-related crimes. Antivirus software companies are doing their best to overcome difficulties and design better products.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
