Declines Archives -
The Los Angeles district attorney’s office announced Tuesday the result of three probes by its Hollywood sex crimes task force, and in all three cases no charges will be filed. Details from USA Today and Variety : Kevin Spacey will not face charges related to allegations that he sexually assaulted a…
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…
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.
New Crypto Crime Top Dog
Kaspersky 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
McAfee 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.
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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…
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
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…
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…
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
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…
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