IBM researchers have found that cryptojacking dominated the cryptocurrency cybercrime scene in 2018, overtaking ransomware attacks. Experts say the comparatively less intrusive and stealthy nature of malicious crypto-mining is the primary reason why it is fast becoming the attack vector of choice for cybercriminals.
Cybercriminals Pivot to Cryptojacking
In a report published by the IBM X-Force Research team on Wednesday (February 27, 2019), the company reported that 2018 saw a massive increase in cyber attacks against organizations across the world.
According to the report, cryptojacking dominated the field as cybercriminals appear to be pivoting away from ransomware and malware attacks.
The report indicated that stealthy cryptocurrency mining attacks increased by 450 percent between Q1 and Q4 2018. Meanwhile, ransomware attacks dropped by 45 percent during the same period. IBM says the extent of the spread of cryptojacking attacks covers both desktop and mobile platforms.
In 2018, Bitcoinist covered multiple instances of…