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The Silicon Review Asia

Reports: Crypto Mining is the Biggest Cyber Threat

Reports: Crypto Mining is the Biggest Cyber Threat

New reports have revealed that, currently Cryptominers are the biggest threat to the cyber world. If we compare the data for the past two years, Cryptominers have accounted for almost 10 percent of the total cyber-attacks in 2017, and in 2018 it topped the chart with 27 percent, while malware attacks were the highest in 2017 and accounted only 13 percent towards the global cyber-attacks list in 2018.

According to Sivan Nir, although Crypto mining might look like a relatively harmless, low-priority threat but it’s very important to note that these attacks make the systems slower and may overwhelm system capacity. Mr. Nir is a senior security Analyst from Skybox security, a cyber-security company.

The Cryptominers may be a part of a big attack unit. By allowing the crypto-miners to access user’s network they can also gain access to other parts of the environment too.

The reports also stated that, since cloud security is pretty good, misconfiguration problems within them can flourish and security issues can arise within the application used to handle such networks.

Protection against Cryptominers won’t stop the threat to the operational technology (OT) network or simply trying to keep up with what vulnerability to fix next, adding threat intelligence in programmes like vulnerability management will provide the organizations an edge to withstand the dynamic threat scenario, the reports concluded.

The crypto mining threat may still continue because cryptocurrency trade is becoming popular and it has started to pick up the steam. To safeguard the applications, infrastructure and business, one must have a robust patch management process and monitoring capability.

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