Cryptojacking Overtakes Ransomware as Top Malware in Some Countries

Cryptojacking, the unauthorized use of another’s hardware to mine cryptocurrency, has become the biggest cyber threat in many parts of the world, Bloomberg reported Dec. 14.

According to research from cyber security research firm Kaspersky Lab, cryptojacking overtook ransomware as the biggest cybersecurity threat particularly in the Middle East, Turkey, and Africa. In Afghanistan and Ethiopia over one out of four detected malware are cryptocurrency miners, according to Kaspersky’s data.

As cited by the Bloomberg, Kaspersky’s research “shows crypto mining attacks have risen almost fourfold in the region, from 3.5 million in 2017 to 13 million this year.” The cybersecurity firm reportedly also claimed that cryptojacking incidents are “likely to continue given the increased use of digital currencies.”

Where you're most likely to get cyber-scammed in the UK, revealed

Cyber criminals are targeting people who live in major cities, with London and Birmingham residents most at risk, says a new report. 

According to Barclays’ Digital Safety Index survey, 23 per cent of people living in the capital and 23 per cent of people living in Birmingham have been affected by at least one scam.

The report adds that 28 per cent of London residents and the same proportion of people who live in Bristol have experienced at least one type of online fraud, where the target’s details have been compromised and the perpetrator has completed the transaction.