Coin mining malware grows by over 600 percent as criminals ‘infect and collect’

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A new report from McAfee Labs has seen coin mining malware grow by 629 percent in the first quarter 2018 as criminals seek to cash in on cryptocurrency trends. On average the company has seen five new threat samples every second, including growth in cryptojacking and other cryptocurrency mining malware, and notable campaigns demonstrating a deliberate drive to technically improve on the most sophisticated, established attacks of 2017. “Cybercriminals will gravitate to criminal activity that maximizes their profit,” says Steve Grobman, chief technology officer at McAfee. “In recent quarters we have seen a shift to ransomware from data-theft, as ransomware…

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