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As cryptocurrency prices continue to plummet, miners seem to have gradually lost interest in cryptocurrency-centric breaches. At least, that’s the general vibe one gets from a recent report by cybersecurity firm Malwarebytes that claims a significant drop in the number of cryptojacking attacks.
The Number of Cryptojacking Attacks has Come Down in Q3 2018
Malwarebytes released its Cybercrime Tactics and Techniques report for Q3 2018 on Oct 15, 2018. Among the many findings of the report was an important statistic concerning cyber attacks carried out with the intention of stealthily using a victim’s computer to mine cryptocurrencies — a practice known as ‘cryptojacking.’
According to Malwarebytes, cryptojacking attacks saw a sharp decline during Q3 — by 26 percent, to be specific as compared to the number of attacks that took place during the previous quarter. Falling crypto prices are believed to be one of the key reasons behind this downward trend.
The report also pointed out that detecting malicious crypto mining remains relatively easy to spot.
The report states:
“Staying safe from miners has never been easier. [….] As a result of a year-long onslaught of [cryptocurrency] mining, many vendors now specifically target mining software as potentially malicious. Consumers should be less worried about getting infected with miners and more concerned with banking trojans and spyware.”
The report also pointed out that while the number of cryptojacking attacks significantly dropped during Q3 2018, a higher proportion of the attacks that took place during this period was aimed at businesses. And it is not just attacks involving malicious crypto mining — the report underlines a general upswing in the trend of cybercriminals targeting businesses across all forms of attacks.
Businesses are at a Greater Risk
In what could set the alarm bell ringing for businesses across the world, the Malwarebytes report points out that there was a 55 percent spike in the number of cyber attacks targeting businesses during Q3. The corresponding figure for attacks on individuals increased by only 4 percent.
Malwarebytes stated in a blog post [SIC]:
“[…] businesses saw far more action this quarter than consumers—their total detections trended upwards by 55 percent, while consumer detections increased only by 4 percent quarter over quarter.”
Among different types of attacks, Trojans were the most commonly used methodology for targeting both consumers and businesses, the report claimed, adding that the number of trojan attacks increased 86 percent in Q3 compared to the corresponding figure from Q2 2018.