New Cyber Threat: Cryptojacking

 Friday, October 26, 2018

 Insurance Thought Leadership

It seems that with every advancement in technology a new threat vector is born. This theory holds true as we begin to embrace the world of cryptocurrency. Cryptocurrencies have emerged as an alternative means for financial transactions, while the value of a single Bitcoin cryptocurrency rose to $20,000 in late 2017. Hackers took notice and succeeded in stealing over $1 billion in cryptocurrency in 2018 alone. Unfortunately, the cyber threat goes beyond the theft of the currency itself. This new platform has given birth to a cyber crime known as cryptojacking.
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