April 20, 2018 By Shane Schick 2 min read

A research report from the U.K. suggested that the practice of cryptojacking website visits to mine Monero and other digital currencies will emerge as a prominent threat over the course of 2018.

For its “The Cyber Threat to U.K. Businesses,” report, the U.K. National Crime Agency (NCA) and the National Cyber Security Centre (NCSC) drew upon several existing studies as well as their own data to assess the current cyberthreat landscape in the region. While the scope of the report included everything from security vulnerabilities to ransomware and distributed denial-of-service (DDoS) attacks, the authors highlighted a half-dozen new threats for U.K. businesses to look out for, including cryptojacking.

Cryptojacking Poses Unique Challenges

In February, at least 600 websites in the U.K. (and more than 4,000 worldwide) secretly used a screen plugin for visually impaired computer users to mine cryptocurrency, according to the report. Victims were likely unaware that their machine’s resources were being diverted because, other than webpages taking longer to load and potential slowdowns in application performance, the attackers left few clues of their intrusion.

The report noted that cryptojacking is a particularly challenging threat to detect because it is sometimes carried out by legitimate website owners looking for new revenue streams.

CMS in the Crosshairs

While cyptojacking WordPress sites has been a prevalent trend for some time, a recent report from the SANS Technology Institute revealed that attackers are now turning to a new content management system (CMS) as well. For example, one attack vector uses a downloader to place a cryptocurrency miner and then activate it on a site. CryptoVest conducted its own investigation and found that the threat actors behind the scheme host multiple websites from a set of shared servers.

Last month, Symantec’s “Internet Security Threat Report” revealed that the volume of crypojacking attempts against endpoint computers skyrocketed by 8,500 percent over the course of the past year.

Beyond the rise of cyptojacking as a serious threat to consumers in the U.K. and elsewhere, the NCA/NCSC report cited attacks against Internet of Things (IoT) devices, supply chain compromises and cloud security as areas of concern.

More from

NIST’s role in the global tech race against AI

4 min read - Last year, the United States Secretary of Commerce announced that the National Institute of Standards and Technology (NIST) has been put in charge of launching a new public working group on artificial intelligence (AI) that will build on the success of the NIST AI Risk Management Framework to address this rapidly advancing technology.However, recent budget cuts at NIST, along with a lack of strategy implementation, have called into question the agency’s ability to lead this critical effort. Ultimately, the success…

Researchers develop malicious AI ‘worm’ targeting generative AI systems

2 min read - Researchers have created a new, never-seen-before kind of malware they call the "Morris II" worm, which uses popular AI services to spread itself, infect new systems and steal data. The name references the original Morris computer worm that wreaked havoc on the internet in 1988.The worm demonstrates the potential dangers of AI security threats and creates a new urgency around securing AI models.New worm utilizes adversarial self-replicating promptThe researchers from Cornell Tech, the Israel Institute of Technology and Intuit, used what’s…

Passwords, passkeys and familiarity bias

5 min read - As passkey (passwordless authentication) adoption proceeds, misconceptions abound. There appears to be a widespread impression that passkeys may be more convenient and less secure than passwords. The reality is that they are both more secure and more convenient — possibly a first in cybersecurity.Most of us could be forgiven for not realizing passwordless authentication is more secure than passwords. Thinking back to the first couple of use cases I was exposed to — a phone operating system (OS) and a…

Topic updates

Get email updates and stay ahead of the latest threats to the security landscape, thought leadership and research.
Subscribe today