Cryptojacking Malady: A U.K. Companies’ Plague

Estimated read time 2 min read

The Rising Threat of Cryptojacking

Cryptojacking malware is a sneaky beast, employing the computational power of unsuspecting victims to mine cryptocurrencies for attackers. This trend has escalated alarmingly, with 59% of U.K. businesses reporting some form of infection. It’s like being robbed twice—first, by the malware and second, by your electric bill!

Recent Survey Insights

A recent survey by Citrix and conducted by OnePoll sheds light on how deeply these attacks have penetrated U.K. companies. They surveyed 750 IT executives from businesses with over 250 employees. The staggering revelation? Almost half of the incidents occurred within the last month! Talk about a hot topic at the next corporate meeting.

The Stats Speak: What Does It Mean?

With 80% of cryptojacking incidents occurring over the past six months, it’s not just a passing fad. Of the companies surveyed, a whopping 30% have faced an attack in the previous month alone. Scale-wise, 60% of respondents reported that up to 50 devices in their organizations had been affected. It’s like a flu outbreak, but instead of sneezing, your devices start mysteriously slowing down.

Company Responses to Cryptojacking

In the wake of these attacks, 67% of businesses have formal policies in place to deal with cryptojacking incidents. This just shows that companies are getting serious about mitigating this relatively new menace. It’s almost like they’ve learned to put on a raincoat after realizing it rains in London—not that cryptojacking could ever be fun, but at least it’s good to see some preparation!

Cryptojacking Trends: A Growing Infection

According to McAfee Labs, cryptojacking attacks surged by 629% in Q1 of 2018 alone. While recent reports suggest that the fervor might have cooled due to declining cryptocurrency prices, the malware is still lurking around every digital corner. There have even been reports of cryptojacking malware infiltrating through unsuspecting video games on platforms like Steam. No one is safe! It’s like germs making their way to the fanciest parties.

Conclusion: A Call to Action

The threat posed by cryptojacking isn’t going away anytime soon. Companies must bolster their defenses and remain vigilant. Appropriate security measures and awareness training for employees can go a long way in keeping these cyber-menaces at bay. After all, if you wouldn’t invite a thief to your company party, you certainly shouldn’t invite malware!

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