Criminals are exploring new methods of obtaining cryptocurrency. As ransomware seemingly becomes less popular, new trends will emerge. Cryptojacking has become increasingly popular in this regard. In fact, this problematic industry only continues to grow as more time progresses.
The Cryptojacking Epidemic
It appears there is no shortage of inadequately protected internet-connected devices. Whether it is computers, phones, routers, consoles, or appliances, the cryptojacking threat is very real. New research shows how criminals continue to infect devices with cryptocurrency mining malware at an alarming rate. This brings the total number of compromised devices to over 280,000 worldwide.
This cryptocurrency mining malware trend is picking up steam in the past month. Nearly 80,000 additional devices were affected in this short span of time. It is a very worrisome development which shows why device protection and security needs to be a priority at all times. MikroTik routers remain a very prone target for cryptojacking efforts as of right now. This trend has gone on since August of 2018 and no permanent solution has been introduced as of yet.
In early August, nearly 200,000 MikroTik devices were identified as infected with cryptocurrency mining malware. This is achieved by exploiting various vulnerabilities on the software side of things. To this day, the manufacturer has not been able to address these flaws in a proper manner. Anyone who owns a MicroTik device is at risk of becoming a victim of this illicit activity.
What Comes Next?
Predicting the future of cryptojacking is very difficult.
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