Understanding How Rising Cryptocurrency Prices Effect Cybersecurity
Summary
In fact, the crypto market value topped $2 trillion for the first time in history and bitcoin, the largest form of digital currency, hit a record high of more than $61,000, rallying over 100% in 2021 alone. For example in February, Washington State’s educational institutions faced a flood of cryptojacking attacks delivered via malicious traffic in an attempt to mine cryptocurrency. Here’s a brief excerpt: “Endpoint threat intelligence from our latest Internet Security Report shows that as prices started trending upward after 2018-2019 lows, the volume of cryptominer malware detections was 25% higher in 2020 than in 2019. Since most of these threats originate via phishing messages, the simplest ways to reduce your risk are to treat all links and attachments in any form of unsolicited communication with extreme skepticism. To cover all of your bases, be sure to also keep web browsers and extensions up to date with the latest security patches.” Check out the full post here for more on the cybersecurity implications of cryptojacking.
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