Crypto-currency mining companies are scrambling to protect their customers’ wallets from malware threats as they seek to expand their businesses in the global cryptocurrency mining space.
According to an analysis by the cybersecurity firm ThreatConnect, more than 80 percent of the world’s cryptocurrency mining revenue is held in China.
China is home to roughly 20 percent of global mining activity.
While some companies have been quick to respond to the threats, others have been slow to react, particularly when the malicious code used to infect their computers is more advanced than the threat they’re currently dealing with.
“This is not new for us.
In recent years we’ve seen a number of malware variants that have been actively deployed in our ecosystem,” said ThreatConnect’s head of research David Vetter.
“We believe that the biggest threat to cryptocurrency mining companies right now is ransomware. “
That is not a new threat. “
We believe that the biggest threat to cryptocurrency mining companies right now is ransomware.
That is not a new threat.
In fact, the ransomware threat threat was recently reported to be over $1.6 billion in 2016.”
Crypto-mining companies are working to better protect their users’ wallets.
While the average miner can earn about $0.10 per transaction, the average mining user can earn as much as $5,000.
To help mitigate the risks of ransomware, companies are now actively using anti-virus software to scan for malicious software, and to detect malicious activity.
“Anti-viral programs are not only great for preventing ransomware attacks, but they can also help identify suspicious activity and potentially provide a more comprehensive security profile for miners to keep,” said Vetter, adding that some of the most important antivirus programs are available for Windows machines, Macs, and Android devices.
“Crypto mining is an increasingly popular and lucrative industry in terms of revenue.
As the market matures, it will be important to ensure that our security measures are strong enough to protect the miners, their customers, and their wallets.”
The security industry has seen a sharp uptick in ransomware attacks in recent years, with ransomware attacks hitting record highs in 2017.
However, while many ransomware threats have been more sophisticated, ransomware variants have been becoming more and faster at adapting to the new threat landscape.
For example, researchers at Symantec found that malware variants targeted over 200 million users worldwide in the first six months of 2017, and more than 10 million of these infections were from ransomware.
Symantech also found that the malware used to launch ransomware attacks used the same code that was used to deliver malware attacks in 2017, including the same key components and obfuscation techniques.
Symantec researchers also discovered that malware used by ransomware variants was also being delivered via email attachments and other form of communications.
“There is a growing understanding that ransomware is a threat and it’s growing in sophistication.
“This is particularly true in the context of ransomware attacks that are being launched using email attachments, social engineering attacks, and other new attacks that leverage the vulnerability in crypto-currencies.””
However, the threat landscape is still evolving, and we expect ransomware variants to evolve even more over time,” said Symanteca researcher Ryan Kieszkowski.
“This is particularly true in the context of ransomware attacks that are being launched using email attachments, social engineering attacks, and other new attacks that leverage the vulnerability in crypto-currencies.”
The threat landscape for crypto-mining is rapidly changing.
It’s not just the ransomware variants that are evolving, but also new types of malware and techniques used by the ransomware creators.
While there is still a need for antivirus software and other defenses to help protect against ransomware, it seems that the more sophisticated malware is being deployed.
“We’ve seen ransomware variants being launched and deployed with the same tools and code,” said Kieszzkowski.
He added that a significant portion of the new ransomware attacks are targeting bitcoin miners.
While it’s unclear how many cryptocurrency mining users have been infected, a recent study by the security firm Kaspersky Lab found that more than 3.3 million bitcoin miners had been infected.
Kasperski Lab’s report also found the malware code used in these attacks was nearly identical to the malware that has been used to attack Bitcoin mining businesses in recent months.
While there have been no major incidents reported in the cryptocurrency mining industry, the threats have certainly been a concern for some.
The malware threat is being increasingly targeted, and some companies are taking precautions to mitigate the threat.
“I think it’s a good time to think about where we are with this threat landscape, and how much we can do to mitigate it,” said Matthew J. Lee, vice president of global security and compliance at Cryptocompare, a cybersecurity company.
“One of the biggest challenges right now in the industry is that ransomware attacks can be very disruptive, and a lot of businesses have to take action to protect themselves,” said