In recent times, there has been a noticeable decrease in conventional ransomware attacks, as various enterprises have opted against paying ransom. However, cryptojacking still presents a significant threat.
Cryptojacking is a cyberattack where malicious actors hijack others’ devices to secretly use their computing power for mining cryptocurrencies without their consent or knowledge. And according to a new report from cybersecurity firm SonicWall, cryptocurrencies are still being exploited as a means to extort victims.
The SonicWall Mid-Year Cyber Threat Report reveals the changing tactics of digital threat actors, who now opt for different types of malicious attacks compared to previous years. According to SonicWall, cyberattacks have seen a significant global increase of 399% in the past 12 months.
SonicWall EMEA vice president Spencer Starkey stated:
This nefarious practice has become the new modus operandi for hackers, as organizations increasingly refuse to pay ransoms.
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