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| August 18, 2018

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Viacom shares rise despite earnings declines magnified by cable-TV cord-cutting

August 10, 2018 |

Viacom Inc. touted its turnaround story Thursday but delivered fiscal third-quarter earnings that exposed the challenges of consumer cord-cutting — and just how much work the company must do to right the ship.

For the quarter ended June 30, revenue declined nearly 4% to $ 3.2 billion for the media…


L.A. Times – Business

Cryptojacking Rises as Ransomware Declines, Cyber Security Researchers Find

July 1, 2018 |

Cryptojacking Rises as Ransomware Declines, Cyber Security Researchers Find

Two of the leading international cyber security firms, one from Russia and one from the USA, have both published their finds at the end of June showing an increase in the malware threats market share of cryptojacking at the expense of ransomware.

Also Read: Police Forces Seize Over €4.5M in Crypto From Darknet LSD Market

New Crypto Crime Top Dog

Cryptojacking Rises as Ransomware Declines, Cyber Security Researchers FindKaspersky Lab, the Moscow, Russia-headquartered cyber security firm, has determined that cryptojacking has taken the place of ransomware as top cyber bad dog in 2018. Their data shows that the number of users attacked by ransomware is in serious decline, the figure dropped by nearly half, from 1,152,299 in 2016–2017 to 751,606 in 2017–2018. Over the same two-year period, cryptojacking incidents rose in total number, from 1.9 million to 2.7 million, as well as in share of all cyber threats detected, from 3% to 4%.

“Crafty cryptominers have moved up to take ransomware’s place, invading users’ and businesses’ computers and devices and taking advantage of their power to put cryptocurrency in the pockets of thieves. Whereas ransomware enters with a flourish and freaks out its victims, cryptominers strive to remain hidden — the longer they toil, the greater the perpetrators’ profit — and as a result, victims may not notice them for a time,” Kaspersky Lab researchers explained.

Cryptojacking Is Simpler, More Straightforward, Less Risky

Cryptojacking Rises as Ransomware Declines, Cyber Security Researchers FindMcAfee Labs, the Santa Clara, California-headquartered cyber security firm, also determined that ransomware has been dethroned by cryptojacking. It found that cryptojacking malware grew a whopping 629% to more than 2.9 million known samples in Q1 2018 from about 400,000 samples in Q4 2017. At the same time, new ransomware samples saw a significant decrease in Q1 2018, falling 32%.

“Compared with well-established cybercrime activities such as data theft and ransomware, cryptojacking is simpler, more straightforward, and less risky. All criminals must do is infect millions of systems and start monetizing the attack by mining for cryptocurrencies on victims’ systems. There are no middlemen, there are no fraud schemes, and there are no victims who need to be prompted to pay and who, potentially, may back up their systems in advance and refuse to pay,” McAfee Labs researchers explained.

What are the possible implications for cryptos from this development? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


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The post Cryptojacking Rises as Ransomware Declines, Cyber Security Researchers Find appeared first on Bitcoin News.

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TMZ

Kate Upton Declines Interview with Lawyer Investigating Marciano Sexual Assault Claims

March 12, 2018 |

Kate Upton has refused to be interviewed by a lawyer who was hired by the Special Committee of the Board Directors of Guess to investigate her claim Chief Creative Officer Paul Marciano sexually assaulted her. Upton had said publicly she would…

TMZ.com

Pound Declines as U.K. Faces Tumult

November 13, 2017 |

The British pound dropped after weekend reports that several members of Parliament want Prime Minister Theresa May to resign, in the latest sign of turmoil in the British government.
WSJ.com: What’s News Europe

Putin Declines to Say Whether Trump Is a Disappointment

September 5, 2017 |

Russian President Vladimir Putin refrained from making any criticism of President Trump at a news conference on Tuesday. Putin also condemned North Korea’s latest nuclear test but warned against using military force against the country, calling it a “road to nowhere” that could lead to a “global catastrophe.” During the…
Newser

CEO Tim Cook gets his pay cut as Apple’s revenue declines for first time since 2001

January 7, 2017 |

Apple penalized Chief Executive Tim Cook for the iPhone maker’s first sales slump in 15 years with a 15% pay cut. 

Cook still did extremely well, with a compensation package valued at $ 8.7 million for Apple’s fiscal year that ended Sept. 24, according to a regulatory filing made Friday. But the…


L.A. Times – Business

Putin Declines to Retaliate in Move Praised by Trump

December 31, 2016 |

President Vladimir Putin said Russia wouldn’t expel any U.S. diplomats in response to the U.S. decision to kick out dozens of alleged Russian operatives, an unexpected move that drew praise from President-elect Donald Trump.
WSJ.com: What’s News Asia

Obama Declines to Sign Iran Sanctions Renewal

December 15, 2016 |

In an unexpected move, President Obama has declined to sign legislation renewing sanctions against Iran—but has let it become law anyway. Obama faced a midnight Wednesday deadline to sign the 10-year renewal of the decades-old sanctions law, the AP reports. The White House had said that Obama was expected…
Newser

Disney Results Disappoint as Cable Revenue Declines

November 11, 2016 |

Disney reported that revenue and earnings fell short of expectations in the third quarter as weakness at its cable operations, including ESPN, dented the top line.
WSJ.com: US Business

Scientists Pinpoint When a Woman’s Sex Drive Declines

November 4, 2016 |

Sex is important to most middle-aged women, a fact established by a new study in the journal Menopause , which found that 75% of 1,390 middle-aged women reported sexual functioning to be moderately to extremely important. But roughly 20 months before menopause hit, these women reported a “notable decline in…
Newser