Microsoft Korea has claimed the country is facing an increase in cryptojacking incidents

Microsoft Korea has claimed the country is facing an increase in cryptojacking incidents, according to a report from local English-language daily The Korea Times, published on April 22.

The findings were announced by Microsoft security program manager Kim Gwi-ryun during a press conference in Seoul today, which accompanied the release of the annual Microsoft Security Intelligence Report.

As previously reported, cryptojacking is the practice of using a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge.

According to The Korea Times, South Korea’s cryptocurrency mining incident rate in 2018 was 0.05% — reportedly 58% lower than the world average.

Nonetheless, Kim Gwi-ryun isolated the malicious practice from among other cybersecurity attack vectors detected in the country — such as supply chain malware and phishing attempts.

Reference: https://cointelegraph.com/news/microsoft-korea-country-faces-growing-threat-from-stealth-crypto-mining-attacks

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Author: Neo Anderson

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