Cryptojacking is the new ransomware is that good or not?

No crowned king lasts forever

“Since cyber criminals are always financially motivated, cryptojacking is yet another method for them to generate revenue,” said Liviu Arsene, senior E-Threat analyst at BitDefender. “Currently, it’s outpacing ransomware reports by a factor of 1 to 100, and these numbers will continue to increase for as long a virtual currencies remain popular and the market demands it.”

These stats were backed up by MalwareByte’s quarterly malware report. It noted that cryptomining had become one of the most common malware in recent months. It suggested that it had increased by as much as 4,000 percent in the consumer sector over the last quarter. It was also growing in the business space, with a 27 percent increase in overall detection’s during last quarter.

That increase made it the second most common digital infection. MalwareBytes noted over the past three months, falling only just behind adware. In comparison, ransomware, which has been a major threat for the past few years, saw a notable decline in the consumer space, falling by 35 percent.

Part of that could be to do with the more sophisticated targeting of ransomware at businesses and larger enterprises, but it may also be that the top producers of the ransomware software have been halted in their tracks.

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