Search results for cryptojacking

The outbreak of COVID-19 pandemic triggered the growth of various kinds of fraudulent activity, including that involving cryptocurrency. Despite such activity harming people from all over the world, the citizens of developing countries seem to be more vulnerable.

The number of fake cryptocurrency and blockchain tech apps in the Google Play Store increases along with the Bitcoin (BTC/USD) price. The cyber-criminals tend to up their dirty games when the cryptocurrency prices rise by creating different scams and malevolent crypto-related apps.

After the recent shutdown of Coinhive, many people have reported that there has been a drop in the number of cryptojacking incidents. With that in mind, we’ll now take a look into whether cryptojacking is a thing of the past, or if it still continues to be a problem for users of cryptocurrency.

Monero (XMR), the 14th largest Crypto by market cap, has confirmed its position as the most famous token with cryptojackers, even surpassing Bitcoin (BTC) – the world’s leading cryptocurrency. Monero is currently trading at $45.65 USD (-14.16%) and its market cap is $762.3 USD million.

Ransomware has always been the main means of getting access to easy money for cybercriminals. However, the tendency shifted since new powerful financial technology began to evolve. Cryptocurrency mining platforms, especially those focused on Bitcoin and Monero, have become the favourite victims of malware programs.

As revealed in a report from SophosLab's Pankaj Kohli, Google Play is spreading malevolent applications posing as games, educational instruments or system utilities but which actually use your Android gadget to mine digital currency.

Mozilla Firefox users are more likely to observe cryptocurrency mining malware scripts blocked by default in upcoming releases of the improved web browser. Firefox is a free and open-source web browser developed by Mozilla Foundation and its subsidiary, Mozilla Corporation.

Recently, security experts found that hackers are currently mining for Cryptos with the help of smartphones. The Daily Mail on Wednesday, August 22, reported the increasing risk and pointed out the need to effectively protect and secure user's smartphones.

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.