Cryptomining stories
Cryptomining is becoming a popular revenue stream for cybercriminals as the ransomware market becomes too crowded.
Google bans cryptomining extensions from the Chrome Web Store, citing misuse by developers which impacts user performance and increases power consumption.
Cryptomining is increasingly outdoing ransomware in popularity but cybercriminals are running out of CPU, painting data centres as prime targets.
Check Point has released a 'cryptomining 101' document that details how cybercriminals hack into devices to steal their CPU power for illicit mining.
This persistent threat not only continues to chip away at enterprise CPU power, but once inside a network can carry out other malicious acts.
There are more than 12,000 Monero mining malware samples 66% of which were submitted between November and December 2017.
The Swedish colocation data centre company says it will be using the investment from the Canadian crypto mining company to aid its build out to 40 MW.
Cryptomining might just be one of the biggest trends in cybercrime this year, and New Zealand is not immune from its reach.