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Cybercriminals are no longer interested in holding your hardware ransom or stealing your credentials. Now they are using cryptocurrency malware to make your smartphones, computers, tablets, and servers work for them.
Kaspersky reported that they blocked 8,926,117 crypto-mining attacks in Southeast Asia. Although it is low compared to the 13, 247,796 detected in 2019, it is still significantly higher than the 2,890,825 phishing attempts and 804,513 ransomware attempts last year.
Crypto-mining
Crypto-mining uses the processing power of devices to mine cryptocurrencies such as Bitcoin, the current favourite untraceable online fiat currency.
Unlike ransomware attacks which tend to be more frightening and require to be dealt with quickly, crypto-miners flourish the longer they are hidden and use this stealth in the long term to profit from the exploit.