Consumer cryptomining – aka cryptojacking – “is essentially extinct,” according to a report released by cybersecurity company MalwareBytes.
“Marked by the popular drive-by mining company CoinHive shutting down operations in early March, consumer cryptomining seems to have gone the way of the dodo. Detections of consumer-focused Bitcoin miners have dropped significantly over the last year and even from last quarter, while business-focused miners have increased from the previous quarter, especially in the APAC region,” the report states.
Last week, cybersecurity firm Symantec released research on a cryptojacking campaign, dubbed Beapy, impacting enterprises primarily in Asia, with more than 80% of its victims located in China. This uses stolen and hardcoded credentials to spread rapidly across networks, including patched machines, to collect credentials from infected computers.
Beapy is a file-based coinminer that uses email as an initial infection vector to deploy a backdoor that was also deployed in the 2017 WannaCry attacks. Activity was first seen in January and has been increasing since the beginning of March.
Key findings from the research include:
You can read about the full findings here.
Singapore, Singapore, 19th September 2024, Chainwire
Grand Cayman, Cayman Islands, 12th September 2024, Chainwire
Warsaw, Poland, 20th August 2024, Chainwire
Singapore, Singapore, 20th August 2024, Chainwire
Grand Cayman, Cayman Islands, 26th July 2024, Chainwire
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