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Cryptojacking – a security threat online retailers need to know about

September 10, 2018

Cryptojacking is fast becoming the favoured cash cow of online criminals. Bad actors can generate huge sums by infecting eCommerce stores and content management systems with malicious code that mines cryptocurrencies like Bitcoin, Monero and Litecoin. WordPress sites and WooCommerce stores are a common victim for cryptojacking attacks, which are often associated with other types of malware, including credit card skimmers.

Online criminals are focusing their attention on cryptojacking because it’s easier to manage and more lucrative than other types of malware attacks like ransomware. Cryptojacking attacks rose by 8500% in the last quarter of 2017 and made up almost a quarter of all online attacks blocked by Symantec in December.

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