Cyber-security solutions provider Check Point Software has said that the threat from cryptocurrency mining malware is rapidly growing.
Maya Horowitz, threat intelligence group manager at Check Point, said in a press release that the emergence of mining malware like CoinHive highlights the "need for advanced threat prevention technologies" to curb such practices and protect networks from cyber-criminals.
According to the report, malware variant RoughTed (adware) topped the index, followed by Locky (ransomware) and Seamless (traffic redirection).
Recently, internet domain provider Cloudflare suspended websites that ran hidden cryptocurrency miners, including that of the operator of torrent site ProxyBunker. This site was said to be running the Coinhive miner for four days prior to the suspension.
Malware image via Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.