Based on the Slovakian internet security company’s findings, it appears as cryptocurrencies become more popular, the number of malware attempting to profit from them increases. Crypto miners were the primary factor behind the surge in crypto-threats, which soared by 22% from January to April compared to September to December 2020.
Russia susceptible
The report’s threat statistics and trends, based on ESET’s worldwide telemetry data, conveyed that: Between January and April 2021, most of the online threats discovered on ESET customers’ devices were in Russia, Japan, Peru, Poland, and France. Based on the current data, the growing trend is inevitable, given that the value of cryptocurrencies has skyrocketed in recent months, making them much more appealing to hackers.
Cybercriminals finding flaws
The chief research officer at ESET underlined in the report: Continuous usage of the remote desktop protocol (RDP), which remains the most common target for brute-force attacks, has caused an increase in cryptocurrency threats and a sharp spike in Android banking malware detections. Thus, the US President’s national security adviser, Jake Sullivan, has indicated President Biden intends to address the issues related to cryptocurrencies in ransomware at the G-7, given the increasing concerns over fraud. [binance]
