Cryptojacking

The world first heard of cryptocurrencies in 2009. Despite the initial skepticism over the digital coins and blockchain technology needed, the world slowly grew warm to the idea of decentralized currencies. With time, cryptocurrencies have attracted an increasingly massive number of global users. However, as the crypto industry continues to gain popularity, the chances of crypto cybercrimes increase. Cybercriminals are using ransomware-like tactics from various target devices to secretly mine cryptocurrencies. Cryptocurrency mining became a lucrative business as cryptocurrencies grew…

Following the press release on the 8th of January this year, the report elaborated on the joint efforts established in collaboration between Trend Micro and Interpol that significantly target the issues dealing with cryptojacking that primarily affects MikroTik routers mostly in the regions of southeast Asia. The impact on the hash rates presented in cryptocurrency mining has not been significantly affected, even based on this act of collaboration between the two organizations. However, there has been a significant reflection on the decreased cryptojacking incidents based on…