Cyber Threat Alliance Confirms a 400% Spike in Cryptojacking Mining Attacks from 2017 to 2018

Colleagues, although the numbers are alarming they also confirm what many of us assumed to be true. Cyber-attacks focused on cryptocurrency mining (aka “cryptojacking”) has sky rocketed by some 400% YoY between 2017 and 2018. As reported by the CTA entitled “The Illicit Cryptocurrency Mining Threat” indicates that EternalBlue, perhaps the world’s most pervasive cyber-attack in history, targets Microsoft’s Server Message Block (SMB) protocol via port 445 is the leading culprit. Researchers suspect that North Korea is the likely source behind EternalBlue’s root cause – the infamous WannaCry ransomware. Bottom line: The global crypto ecosystem continues to be the most common target of cybercrime, which ultimately serves to thwart mass market adoption of cryptocurrencies. Crypto ecosystem members need closer ties and cooperation with their cyber security peers in order to mitigate the relentless rise in cryptojacking is cryptocurrencies are to move to the mainstream.   Post a comment today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)