As cryptocurrency values tank, threat actors take cryptomining malware to the bank

Despite plunging cryptocurrency values, cyber-criminals are still distributing cryptomining malware and many analysts expect the problem to worsen in 2019.

Bitcoin traders have made, and lost, fortunes – and most of those losses have been during the past year. In December 2017 a bitcoin was worth $20,000 (£15,750) yet today sits at just $3,850 (£3,030). So, does this mean that the cryptomining malware boom is over? The latest research from eSentire would seem to suggest not: infections such as CoinMiner and Coinhive contributed to an increase in coin mining malware infections of some 1,500 percent compared to last year.

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