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New Report Finds Staggering 725% Increase in Malicious Mining Software

Cryptocurrency news

The number of websites sneaking in malware to mine cryptocurrencies such as Monero has grown by over 700% in recent months. Have you been affected?
Exponential Increase in Web Miners
This unprecedented rise seen recently in the cryptocurrency market has not come with its fair share of problems and controversy. It makes sense that in an emerging market that people will try to take advantage of newly emerging markets to turn a profit.
Whether this is with or without malicious intent, emerging markets always experience similar scenarios. In the case of cryptocurrencies, this has partially taken form in a vast amount of scams and malicious hacks and breaches.

Cyren, an internet security company, has found that over 1.4% of all websites (of the website sample group) from across the web run cryptocurrency mining scripts. This number is exponentially higher than it was just a few months prior to their recent findings.
To give this number a bit more context, just six months ago, the percentage of websites running mining scripts was just 0.12 percent, a whopping 725% increase!
This may seem bad enough, but the percentage of websites affected is expected to rise in the future as cryptocurrency markets grow.
Contrary to popular belief, …

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Author: Bitcoinist