‘Cryptojacking’ rises 30% to record highs despite crypto slump: Report
New research shows that despite falling digital asset prices, cryptojacking has reached record levels in the first half of 2022. According to a mid-year update on cyber threats by American cybersecurity company SonicWall, global cryptojacking volumes rose by $66.7 million, or 30%, in the first half of 2022 compared with the same period last year. Cryptojacking is a cybercrime whereby malicious actors commandeer a victim’s computer resources by infecting the machine with malware designed to mine cryptocurrencies. It is often executed through vulnerabilities in web browsers and extensions. Source: SonicWallThe report stated that the overall rise in cryptojacking can be attributed to a couple of factors. Firstly, cybercriminals are leveraging the Log4j vulnerability to deploy attacks in the cloud. In December 2021, a critical vulnerability affecting java-based logging utility was discovered in the Open Source Library managed by software company Apache. Hackers can exploit it to gain remo..
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