Advertise on Bizcommunity

Subscribe to industry newsletters

Mobile crypto mining malware is a growing smartphone threat

According to a report by Kaspersky, the number of internet users affected by cryptocurrency mining software has jumped by a considerable margin this year, when compared to last.
© Gilles Lambert on Unsplash
The report published by the Russian security firm suggests that the prevalence of malicious software that uses consumers’ computers and smartphones to mine cryptocurrency is “steadily growing”.

“The total number of users who encountered this form of mining rose from 1,899,236 in 2016-2017, to 2,735,611 in 2017-2018,” the company elaborated. Both periods began in April and ended March in their respective years.

Additionally, smartphones are becoming more pronounced targets of cryptocurrency mining malware.

Looking at Liberty: How big is the human factor in the cybercrime epidemic?

Last week, Liberty reported that hackers had infiltrated its IT system and threated to reveal critical customer data should a ransom not be paid...

By Nicol Mullins 19 Jun 2018



“Mobile crypto miners are also emerging as a threat, with unique attacks growing by 9.5%,” the company notes.

“Overall, this form of mining targeted almost 5,000 users in 2017-2018, compared to around 4,500 users in 2016-2017. Mobile users in China and India are particularly victimised by this threat.”

But it’s not all grim. The firm noted that ransomware attacks fell by more than 8% during this period, and mobile ransomware, in particular, fell by 22.5%.

About Andy Walker

Camper by day, run-and-gunner by night, Andy is editor at Memeburn and prefers his toast like his coffee -- dark and crunchy. Specialising in spotting the next big Instagram cat star, Andy also dabbles in smartphone and game reviews over on Gearburn.
Comment

Related

News