In line with a recent report by cybersecurity firm ‘MalwareBytes’, CryptoJacking – Illegal crypto-currency mining against customers consent – ‘is basically extinct,’ now.
According to the report, after renowned in-browser mining service named ‘CoinHive’ ‘closed its operations‘ earlier in the month of March – once the team declared that their project had become economically inviable — cryptojacking against customers has exteremely decreased. At the same period of time, the quantity of such attacks targeting businesses hiked from the last quarter.
Moreover, MalwareBytes additionally added that Bitcoin [BTC] holders who employ Electrum wallets on the iOS [Mac.] have lost over $2.3 Mln in hacked coins to a Trojanized version of the wallet earlier in Q1 of this year.
Cryptojacking is referred to as the use of a computing device for automated mining crypto-currencies without the knowledge of its owner. Common effects experienced by individuals are slowness, additional heat generation as well as shorter battery life. Noticeably, the crypto-currency that is seemingly preferred for such attacks is the privacy focused coin named Monero [XMR], due to its flexibility to mine it even on lower-tier hardware.
Even earlier this week, U.S. based leading cybersecurity firm ‘Symantec’ found a spike in a new cryptocurrency mining malware that mainly targets the enterprises.