Cryptojacking is a rising cyber crime trend

According to a report published on 27 February by International Business Machines (IBM), there has been a rise in cryptojacking. This trend has been ongoing since 2018 and is set to continue throughout 2019.

Find out more about this rising cyber crime trend.

Huge increase in crypto jacking attacks

The report from IBM found that criminals are starting to move away from spyware attacks and moving towards cryptocurrency jacking (‘cryptojacking’). The report further states that cryptojacking attacks have increased by up to four hundred and fifty per cent (450%) since 2017. On the contrary, ransomware attacks declined by forty-five per cent (45%) over the same period. According to IBM, the volume of cryptojacking attacks dominated desktop as well as mobile systems.

Vicious cyber attacks

Henderson – the cyber security expert, says that cyber-criminals are perfecting their attacks. Cryptojacking can move from sneaky virtual currency mining to botnets used for ransomware attacks if it is left unchecked. Users are advised to run the newest version of antivirus software and avoid installing applications from non-official sources.

Protect your business with Cyber Essentials

With cyber crime on the rise, it is vital that you protect your businesses from these attacks. Having a Cyber Essentials certification protects your business from common online threats. This Government-backed, industry-supported scheme take just three simple steps:

1. Purchase your chosen level of certification – Cyber Essentials or Cyber Essentials Plus.
2. Complete your Cyber Essentials self-assessment questionnaire and upload for review by BiP Solutions (Certification Body).
3. Once your self-assessment questionnaire submission is approved, the awarding body, QG Business Solutions, will post out your certificate.