Cryptojacking Activity Decreased for the First Time Since 2018, Says Intelligence Report

By Felipe Erazo4 days ago


Cryptojacking activity seems to be losing momentum, specifically types that mine monero, as a recent report unveiled a slowdown in the illicit crypto-mining activities in the cloud. A threat intelligence firm compiled the results.

Report Focused on Cryptojacking Incidents With Monero

According to Unit 42 in their “Cloud Thread Report,” cryptojacking attacks have been decreasing for the first time since 2018 – the year when the firm started to trace illicit mining activities. But the study put its focus specifically on monero (XMR).

Threat actors in cryptojacking attacks mainly mine the privacy cryptocurrency, which has been well-document in other intelligence firms’ research.

Per the Unit 42 report, from December 2020 to February 2021, only 17% of organizations worldwide with cloud-based infrastructure had cryptojacking activity. It represents a decline compared to the figure from July to September 2020, where 23% of the firms reported such incidents.

Although the pandemic boosted authorized crypto-mining activity, the latest findings suggest that this is the first recorded drop in cryptojacking incidents since Unit 42 began tracking such attacks in 2018.

Companies Are Lacking Enough Security Measures to Prevent Attacks

Continue read on