Cryptojacking, that is quickly emerging as another option to ransomware, is a way of cyberattack used by hackers to hijack the damaged system's processing power when carrying out cryptocurrency mining.
Quick Heal, an IT security company, showed that this kind of cyberattack has negatively affected over 3 million users worldwide just within the first five months of this year, with the population of mobile cryptojacking malware variants increasing from 8 last year to 25 by May this year, indicating a three-fold growing, according to the first post.
The security experts from Quick Heal anticipates the number of cybercriminals that are leveraging cryptojacking as a profitable way of spawning illegal revenues will highly increase.
Cryptojacking attempts to cause damage up to now remain undetected which gives attackers advantage to use these compromised structures to carry out cryptocurrency mining until they get tired, which is not the case with ransomware.
Quick Heal further said that in all these circumstances, hackers don't require even to first install a necessary code, they just open an already infected link to switch on the system into a cryptocurrency mining machine and create immediate huge returns on investment for the attackers.