The security titan has revealed some troubling statistics, showing that cryptojacking is still on the rise.
SonicWall, an American-based next-generation cybersecurity company founded in 1991, has recently revealed that the financial services industry has faced a massive 269% increase in cryptojacking cases.
According to the official mid-year report, the number of such attacks increased by 63% in Europe year-to-date. On top of that, the statistics also revealed that in previous years, hackers mostly targeted healthcare, education, and government sectors. Now, the tendencies have significantly shifted.
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Cryptojacking, also known as malicious crypto mining, is considered a type of cyberattack where hackers leverage the users’ computers to mine cryptocurrencies, such as Bitcoin (BTC), without them being aware of the process.
Terry Greer-King, SonicWall VP for EMEA, recently shed some light on such high numbers and noted that users have less possibility to detect a case of cryptojacking, as there is also a very low percentage to track such hackers.
Nonetheless, it seems as though not all hope is lost, as SonicWall also brought some good news. In Q2 2022, the number of cryptojacking cases dropped by over 50% when compared to the last three months.
Looking at some other statistics, in 2022, the average number of cryptojacking cases sits at 15.02 million per month, an increase of 86% when compared to last year.
