Cryptocurrency Mining Malware on The Rampage, 30% of UK Firms Fall Victim

Cryptocurrency mining malware on the rampage as 30% of UK firms are affected. This was according to the report of a Citrix, a multinational software firm in the UK. The menace of cryptocurrency mining malware has become prominent of recent, has similar cases has been reported in Brazil, Colombia, and Turkey. As the menace become prevalent, it is very apparent that the cryptocurrency community is not prepared to fight it.

Prevalent in Cryptocurrency Mining Malware

The prevalence of cryptocurrency mining malware is becoming a problem, as a research of Citrix Inc. an American multinational software firm revealed that 30% of firms in the UK are a victim of attacks.
The spread of the cryptocurrency mining malware was earlier reported past week to have attacked over 20,000 systems in Brazil. And similar cases have been reported in Colombia and Turkey. The attack of Brazil was revealed through research of Kaspersky Labs, a specialized firm in software and hardware security. The Kaspersky labs showed that the experts used in weaving the malware into a system are sophisticated as the hacker continue to build on it. It was stated that it could attack this way, many systems across the globe.
The mining malware is woven into a system through coding without the awareness of the owner. The more the system is used, the more the owner generates cryptocurrency without being aware. It can only be known if the owner can notice the sluggishness of the system because it makes the system less fast in operation.
As revealed by the research of Citrix, 59% have noticed the mining malware, and 80% noticed in the last six months when it became prominent. 60% of firms that have noticed it said less than 50 systems had been affected while one in ten revealed that 100 system had been affected. Slower devices are evident in 16% of cases while network monitoring revealed some.
The prevalent of cryptocurrency mining malware has been on the increase, if care is not taken every system in the world will be mining cryptocurrency without the knowledge of the owner. In contrast, most firms are not equipped to tackle the situation, which the cryptocurrency community ought to come together and fight.
A similar fight is also worthy of Bitcoin ATM malware that has become prevalent. This ought to be fought because it’s tainting the image of the emerging crypto-currency.

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