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Cryptojacking Activity Decreased for the First Time Since 2018, Says Intelligence Report – Security Bitcoin News

Activity in cryptocurrencies seems to be losing momentum, especially when it comes to Monero mining, as a recent report suggests a slowdown in illegal cryptocurrency mining activity in the cloud. The security company compiled the results.

report focuses on cryptojacking incidents involving Monero

According to a report from Unit 42 Cloud Threads, the number of cryptojacking attacks has dropped for the first time since 2018, when the company began tracking illegal mining activity. But it was the monero (x-ray) that was the focus of the study.

The threat to actors attacking cryptocurrencies is essentially the privacy of my cryptocurrencies, which has been well documented in other intelligence investigations.

According to Unit 42’s report, from December 2020 to February 2021, only 17% of enterprises with cloud infrastructure worldwide will execute cryptographic threats. This is down from July to September 2020, when 23% of companies reported such incidents.

Although the pandemic has intensified sanctioned crypto mining activity, the latest data suggests that this is the first reported drop in cryptocurrency explosion incidents since The 42nd Annual Crypto Mining Conference in 2018. The division has begun prosecuting such attacks.

Companies do not take sufficient security measures to prevent attacks

However, Unit 42 warns that companies are not taking sufficient security measures to prevent such attacks on their cloud infrastructure:

Companies are failing to invest in cloud management and automated security controls needed to secure their workloads as they move to the cloud. In turn, they created serious business risks, such as. B. expose unencrypted sensitive data on the Internet and provoke intrusions by leaving unsecured ports open. Although our 2020 cloud threat reports in Subpart 42 revealed similar problems, the multiple crises resulting from the COWID-19 pandemic have made the situation more complex and widespread.

However, the cyber-espionage company has raised the alarm due to the increase in non-cryptographic cyber-attacks. These incidents are related to vulnerabilities that are also found in cloud infrastructures.

At press time, XMR is trading at $269.32, up 0.15%, with a market capitalization of $4.82 billion, according to market.Bitcoin.com.

What do you think of the findings of the CryptoGrowth activity report? Let us know your comments in the section below.

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