Cryptojacking attacks up 8500% in 2017

The number of crypto jacking incidents rose by an astronomical 8,500 per cent in the final quarter of 2017, Symantec has revealed.

The timing of this rise is almost certainly down to the simultaneous rise in value and interest for Bitcoin and other cryptocurrencies at the end of the year, and opportunistic cybercriminals took advantage of the new playground.

Symantec’s security response team said: “The barrier to entry for coin mining is pretty low – potentially only requiring a couple of lines of code to operate – and coin mining can allow criminals to fly under the radar in a way that is not possible with other types of cybercrime.

“Victims may not even realilse a coin miner is slurping their computer’s power as the only impact may be a slowdown of their device that they could easily attribute to something else.”