February 13, 2019 IBOMLLC Team

In 2018, Cryptojacking were 10 times much more worse on Computer users than Ransomware

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

We’re two month into 2019, yet we can’t help but review what went down in 2018, albeit from our rear mirror. That said, last year was another tailspin-filled year for a good number of computer users. Though we are constantly faced with various cybersecurity threats, Cryptojacking was the worst threat for the year 2018. It was 10 times worse than ransomware.

That is according to a report tabled by the cybersecurity firm Check Point. The firm went further to point that tools and services that could be used to execute a cyberheist have become democratized. These days, virtually anyone with access to the internet can get their hands on advanced tools and services for hacking among other cybersecurity attacks.

Check Point has coined the name ‘malware-as-a-service’ to denote the growing industry of hackers developing tools and services for sale to the general public. The firm further reveals that 37% of firms across the world were hit by some form of cryptomining bots (cryptojacking) in the year 2018.

Though currently, the general value of cryptocurrencies has fallen by about 80%. Yet, Check Point says that 20% of firms around …read more

Read more here:: In 2018, Cryptojacking were 10 times much more worse on Computer users than Ransomware

      

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