New Research Revealing Browser Cryptomining Generating $250K Every Month

By   ISBuzz Team
Writer , Information Security Buzz | Aug 16, 2018 01:08 pm PST

New research from RWTH Aachen University in Germany has found that Coinhive browser cryptomining is generating about $250-Thousand dollars a month with most of it going to just 10 individuals.

Chris Olson, CEO at The Media Trust:

chris olson“The rising popularity of cryptomining is the reason why cryptojacking has overtaken ransomware as hackers’ malware of choice. Moreover, in the short period since Coinhive hit the market, hackers have added more techniques to make their cryptojacking campaigns more widespread and the malware more persistent. Website operators who do not want to inadvertently infect their visitors with cryptomining malware should continuously scan their sites in real- time and get to know all their third-party vendors in order to ensure no code is executing unauthorized activities on their site. Given the innovations of miscreants with cryptomining malware, conventional anti-malware tools will fall short of what website operators need to secure their sites and protect their users.”