The latest report from ESET Threat Radar Report indicates that the year 2019 will not stop showing the number of crypto jacking courses. Despite the downtrend in most altcoins, crypto jacking attacks are increasing with the hackers being set on more crypto jacking malware.
According to the Eset’s report, hackers are eyeing on smart devices and home assistants to build crypto mining farms. The report further declares that the cybersecurity in 2019 will likely to be more in numbers and will impact the businesses in the coming year.
It reveals out the five cases that it let impact towards the business;
Cryptomining continues to rise – Despite the severe crash in 2018, experts believe the mining of cryptocurrency will increase in upcoming year which will be processed via ‘crypto jacking’. A security researcher David Harley of Eset senior says;
“We can expect to see more coin-mining software attempting to remove competing coinminers on compromised systems in order to get a higher-calorie slice of the processing pie,” said Harley.
Up-gradation social engineering campaigns – Crybercriminals are more likely to use ‘the automation and machine learning’. The usage of these advanced technologies will enable hackers to gather more data of users to frame out the best social engineering campaigns.
“While some phishing and other fraud scams have certainly improved in their ability to mimic legitimate sources, many are still painfully obvious fakes. Machine learning could help increase efficiency in this area.”
Data Privacy – There was a number of cases on data privacy and privacy missteps found in the year 2018 including the case of Cambridge Analytica. Stephen Cobb, Eset senior security researchers, and Lusa Myers asserted that the most effective firm which manages data privacy at its best can stay in the business ecosystem in the year 2019.
Move to a global privacy law – California, Brazil and Japan are more likely to follow the footstep of EU legislation for a ‘global privacy law’. It’s quite difficult to manage the customer’s data and ensure the privacy of sensitive information of the users globally. Moreover, it will take GDPR-style privacy a step forward.
Attackers set their sights on smart home devices –Crypto attackers are taking the increasing number of smart devices which are connected to the internet as a way to enter for crypto attacks. Crypto adoption and such devices are paving the way for crypto mining farms in 2019. It is to be noted that the earlier this year, attackers have widely used IoT devices to get into the planning of attacks and thus the increasing apps and the connected devices will push them for cryptocurrency mining through the scam and hijack.
What’s your stake on cryptojacking in the year 2019? Let’s discuss.