Woburn, MA, Nov. 10, 2022 (GLOBE NEWSWIRE) — In Q3 2022, Kaspersky observed a sharp, 230% increase in crypto miner variants, compared to the same period last year. The number of new variants exceeded 150,000. Remaining hidden for months, cybercriminals use the processing power of the victim’s computer to mine cryptocurrency, with incomes reaching up to $40,500 (2 BTC) per month. Monero (XMR) is the most popular cryptocurrency for malicious mining.
The “crypto winter of 2022,” saw the value of cryptocurrencies drop significantly, and the industry is facing a liquidity crisis. Despite that, criminal activity targeting cryptocurrency does not seem to be slowing down, according to Kaspersky’s new research report “The state of cryptojacking in 2022.”
Cryptocurrency mining is a painstaking and costly process, but can be a very rewarding one for cybercriminals. They don’t have to pay for equipment, or for electricity, which is expensive in 2022. They install mining software
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