Report: Cryptojacking Still on the Rise, While Traditional Ransomware Attacks Decreasing

As we look over some of the key issues from the newly released McAfee Labs Threats Report, we read terms such as voice assistant, blockchain, billing fraud, and cryptojacking. Although voice assistants fall in a different category, the other three are closely linked and driven by the goal of fast, profitable attacks that result in a quick return on a cybercriminal’s investment.

One of the most significant shifts we see is that cryptojacking is still on the rise, while traditional ransomware attacks—aka “shoot and pray they pay”—are decreasing. Ransomware attacks are becoming more targeted as actors conduct their research to pick likely victims, breach their networks, and launch the malware followed by a high-pressure demand to pay the ransom. Although the total number of ransomware samples has fallen for two quarters, one family continues to spawn new variants. The Scarab ransomware family, which entered the threat landscape in June 2017, developed a dozen new variants in Q2. These variants combined make up more than 50% of the total number of Scarab samples to date.

What spiked the movement, starting in fall 2017, toward cryptojacking? The first reason is the value of cryptocurrency. If attacker can steal Bitcoins, for example, from a victim’s system, that’s enough. If direct theft is not possible, why not mine coins using a large number of hijacked systems. There’s no need to pay for hardware, electricity, or CPU cycles; it’s an easy way for criminals to earn money. We once thought that CPUs in routers and video-recording devices were useless for mining, but default or missing passwords wipe away this view. If an attacker can hijack enough systems, mining in high volume can be profitable. Not only individuals struggle with protecting against these attacks; companies suffer from them as well.

Read more at McAfee

The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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