Cryptocurrency Mining Malware on the Rise
4000% Increase in 2018 Alone
In 2018, there was a global outbreak of malicious cryptocurrency mining that saw the number of attacks skyrocket. This was largely due to the rise in popularity of cryptocurrencies such as Bitcoin and Ethereum. As the value of these currencies increased, so too did the incentive for criminals to mine them illegally.
Cryptocurrency mining malware is a type of malware that installs itself on a computer and uses its resources to mine cryptocurrency. This can slow down the computer and can also increase its electricity usage. In some cases, cryptocurrency mining malware can even damage the computer's hardware.
In 2018, cryptocoin mining malware grew by 4000 percent. This was largely due to the release of new mining software that made it easier for criminals to mine cryptocurrency. Additionally, the rising value of cryptocurrencies made it more profitable for criminals to mine them.
In 2018, NVidia released sales figures for their 2018 first quarter crypto mining sales which at 289 million. This shows that the demand for cryptocurrency mining hardware is still high. As the value of cryptocurrencies continues to rise, it is likely that we will see even more cryptocurrency mining malware in the future.
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