Crypto-Mining Cyber Attacks Continue to Be the Weakest Link in the Cryptocurrency Ecosystem

Colleagues, following high profile cyber security breaches against CoinSecure and CoinCheck earlier this year, crypto-mining attacks have skyrocketed in 2018 representing a plague on the global crypto ecosystem. In its Mid-Year 2018 Security Report TrendMicro states “We also detected a significant number of new cryptocurrency miner malware families, showing that cybercriminals remained keenly interested in profiting from digital currencies.” The Necurs exploit kit, CVE-2017-10271 via port 7001/TCP and Web miner script in AOL ad platform are some of the more notable cyber security used by crypto-miner attackers. Moreover, while cyber-attacks related to crypto mining far outpace other types of attacks, direct attacks against crypto exchanges are on the rise. Where does this leave the integrity of the global cryptosphere? Bottom line: The nature and rise in these attacks will continue to hinder the mass adoption of cryptocurrencies around the world. While far easier said than done, cryptosphere security needs to take a quantum step forward to gain and maintain a proactive advantage over the crypto threat juggernaut. Send us your thoughts today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)