Cryptojacking is a type of cyberattack where a cryptomining software is secretly installed on the user’s computer. The software mines the cryptocurrency Monero using the remote computer’s power and, by extension, the user’s electricity.
Varonis cybersecurity research team has discovered a new crypto-jacking virus dubbed “Norman”. It aims to mine the cryptocurrency Monero XMR and bypass detection.
Cybersecurity firm Avast released details on how Clipsa, a crypto stealing malware worked its way across computers around the world, particularly in India and the Philippines.
The Philippines is now the 9th most attacked online globally, up from last year where we are at the 44th spot.
Reports from security firms suggest that cryptojacking is becoming more popular than ransomware because of its ease of use vs other types of malware.
Symantec reported an increase in cryptojacking incidents by 8,500% as cryptocurrency prices went highly volatile by the end of 2017.
