Cryptojacking activity appears to be losing momentum, especially guys mining Monero, as a recent report revealed a slowdown in illegal crypto mining activity in the cloud. A threat intelligence service compiled the results.
Report of cryptojacking incidents involving Monero
According to Unit 42 In their Cloud Thread Report, cryptojacking attacks have declined for the first time since 2018 – the year the company began tracking down illegal mining activities. However, the study focused specifically on Monero (XMR).
Threat actors in cryptojacking attacks mainly mine the data protection cryptocurrency that has existed so far document well in the research of other intelligence agencies.
According to the Unit 42 report, from December 2020 to February 2021, only 17% of companies worldwide with cloud-based infrastructure had cryptojacking activities. This is a decrease from July through September 2020, when 23% of companies reported such incidents.
Although the pandemic increased authorized crypto mining activity, the latest evidence suggests this is the first recorded decrease in cryptojacking incidents since Unit 42 began tracking such attacks in 2018.
Companies lack sufficient security measures to prevent attacks
However, Unit 42 warns that companies are not taking enough security measures to prevent such attacks on their cloud infrastructures:
Organizations have failed to invest in the cloud governance and automated security controls necessary to ensure that their workloads remain secure as they move to the cloud. In return, they have brought serious business risks, such as: B. expose unencrypted sensitive data to the Internet and initiate violations by leaving insecure ports open. While our Unit 42 Cloud Threat Reports in 2020 identified similar issues, the numerous crises sparked by the COVID-19 pandemic have made the situation more challenging and widespread.
Nevertheless, the cyber intelligence company has set red flags for the increasing number of other cyber attacks that are not related to the crypto sphere. These incidents are related to errors that also occur in cloud infrastructures.
As of press time, based on data from Markets.Bitcoin.com XMR changes hands at $ 269.32, up 0.15% on the day, with a market cap of $ 4.82 billion.
What do you think of the results of the cryptojacking activity report? Let us know in the comments below.
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