Cryptojacking is still high risk for cloud servers

Is cryptojacking still an underrated threat?

According to a study by the cybersecurity company Aqua Security, cloud servers are still at great risk from cryptojacking

Cryptojacking is an attack in which cryptocurrencies are secretly mined.

The report, titled „2020 Cloud Native Threat Report,“ states that between the second half of 2019 and the first half of 2020 there were 250 percent more such attacks. Overall, 95 percent of the 16,371 attacks made in this period were related to cryptojacking .

Most attackers use XMRig, a well-known Monero ( XMR ) mining application. Aqua Security explains:

„Although Bitcoin has better publicity than Monero, Monero is preferred by attackers. We believe that they prefer Monero because it is much more anonymous than Bitcoin.“

As crypto prices rose, researchers have recorded an increasing number of cryptojacking and other related attacks, according to a study by cybersecurity firm Symantec. There was a 163 percent increase in browser-based cryptojacking activity in the second quarter of 2020.