The Return of Browser-based Cryptojacking: Attacks Shoot-up

Posted on the 28 August 2020 by Anushreewarade

According to research by Symantec, a cybersecurity company, the price surge of crypto has been followed by a wave of cryptojacking attacks.
It is reported that there has been a 163 per cent rise in cryptojacking activities that are browser-based in the second half of 2020. The cryptojacking was on the decline since the closedown of CoinHive, a mining script maker.
It has been pointed out that rise in the last quarter clashed with the value surge in BTC(Bitcoin) and Monero (XMR).

The return of Browser-based Cryptojacking: attacks shoot-up

Cryptojacking was on its peak from late 2017 to about March 2019, becoming a prominent form of a cyber attack. Although, the CoinHive was reported economically unviable in 2019. As the mining service stopped, the developers detected about a 50 per cent drop in hash rate.
From JavaScript running on a website as an attack or embedded in an e-mail to supply chain attacks with miners embedded in images of docker hub or evil browser extensions.

The people now have discovered that ‘it is too noisy as well as a waste of time to indulge in browser-based cryptocurrency mining. It instead results to be drawing more attention to their respective operations than profits.

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