According to information obtained by Crypto Parrot, a trading simulator for cryptocurrency, it was found that 21% of attacks toward corporate networks involved crypto-mining malware, making it the second-highest cause of these attacks.

Botnet led the ranking, making up a total of 28% of attacks within the same timeframe. Infostealer came in third place with a 16% rate, succeeded by mobile with 15%. Banking malware cyberattacks placed fifth with a total of 14%. Ransomware was the most uncommon type of attack at 5%.

As far as the geographic distribution, the American continent saw 19% of corporate malware cyberattacks performed by crypto miners. On the other hand, European, Middle Eastern, and African nations received 21% of these cyberattacks. However, the highest amount of malware cyberattacks via crypto mining were found in Asia and the Pacific, coming to a total of 26%.

The increasing value of the crypto sector gives rise to crypto mining malware

The review goes over some of the factors that have given way for crypto miners to make up such a significant amount of corporate malware cyberattacks. According to the review of the investigation:

“In 2020, digital assets remained resilient amid the economic meltdown occasioned by the coronavirus pandemic. The value of cryptocurrency began rising from the third quarter of 2020, led by bitcoin in return bolstering the amount of money hackers can rake in. In general, attackers took advantage of the price trend and increasingly spread malware to exploit other people’s computer resources for illegal mining activities.”

Hackers who use crypto mining are furthering their efforts by concentrating on digital assets that are anonymous, such as Monero.

Overall, they are pursuing assets that do not disclose transaction amounts or parties that are not able to be associated with prior transactions and are made for mining on common computers.

Using a dedicated server can offer protection from these attacks

Using a dedicated server like those offered by ServerPronto can make you feel more at ease. Given that ServerPronto owns the network, facility, and infrastructure on which your servers run, security and reliability are guaranteed for your digital assets.

This means that you will have multiple security solutions for your digital assets, keeping your server secure and your data safe. Some of these solutions include:

  • McAfee Server Security
  • Idera (R1Soft) Managed Backup Solutions
  • Hardware RAID Configurations
  • Cisco and SonicWall Firewall Options
  • PCI Compliant Facility Security 

If you’re looking for a practical way to protect your network against crypto-mining malware attacks, take a look at the affordable and secure hosting services provided by ServerPronto.


Chief Tech writer at Serverpronto. Helping businesses grow with useful tech information.

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