Check Point Research Report Shows Crypto Miners Are The Three Most Common Malware

According to a report released on May 14 by Check Point, the three most common malware variants were related to crypto miners. Check Point Research explained that the malware called Cryptoloot was the biggest threat last month.

Crypto Miners: A Common Malware

The report says that Cryptoloot, XMRig and JSEcoin were the three largest threats in April. Cryptoloot allows attackers to use victim’s computing power to mine virtual currencies without them knowing about that. XMRig is an open source software that is also used to miner Monero (XMR), a privacy-focused digital asset. Finally, JSEcoin is a JavaScript miner that is embedded in different websites.

Although they remain very important threats for users, they seem to be fading away. There are some services such as the one promoted by Coinhive that have already closed and stopped operating. At the same time, the bear market in the crypto space in 2018 has affected many companies, firms and users.

Check Point explains that multi-purpose trojans are also rising and growing in the market. Attackers are able to steal private data and request a ransom to release them.

Check Point’s Intelligence and Research Director Maya Horowitz, explained:

“As these malware constantly morph, it is crucial to have a robust line of defence against them with advanced threat prevention.”

The American software company Symantec has also registered a spike in new crypto mining malware that is targetting companies and enterprises. Hackers continue to target crypto exchanges as well. Last week, Binance, one of the largest crypto trading platforms in the market was targetted by attackers that stole more than 7,000 Bitcoins (BTC), worth close to $40 million at that time.

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