According to the latest survey regarding cyber threats, more than 93% of data breaches take a minute or less to compromise the integrity of the system. It means that the prevention of security threats have become extremely intricate. It is owing to the reason that detection of any danger which provides less than 100% visibility is targeting blind spots.
It is not limited to the hacking of credit cards and banks only; the threats have now started to target cryptocurrency. There are increasing reports of rapid cryptocurrency mining malware spreading through networks, computing devices and websites.
Cryptocurrency mining malware is referred to malicious software programs which are developed to take over the control of the victim’s computer in order to steal binary currency. The research data from the Kaspersky Lab reveals a surge in crypto-currency mining attacks during the years from 2013- onwards. In 2017 alone, more than 205,000 endpoints have been targeted indicating an increase of 1.65 million endpoints in the first half of the year.
Taking the grave situation into consideration, it has become imperative to ensure adequate security measures in place to detect and prevent malicious scripts running through the cryptocurrency accounts. Therefore, it is essential to implement active security strategies based on SIEM solutions to manage systems 24/7. Not only this, threat intelligence has become a valuable tool to detect and prevent malicious activities by recognising potential risks before actual incidents.
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