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Steve McGregory is Senior Director of ATI Research at Ixia.

Crypto-Mining: The Next Ransomware

Hackers are opportunistic by nature. As device manufacturers continue to add more CPU cores and gigabytes of RAM to smartphones and tablets as well as enterprise-grade cloud servers, these devices will continue to be increasingly useful targets for botnets.  What’s more, hackers will seek device vulnerabilities or exploit mobile applications and devices when a network is insecure. Ransomware took the dark web by storm by creating an easy way for relatively unskilled hackers to monetise these vulnerabilities. As a side-effect, the cryptocurrency market exploded from the increased attention.   And now, developers are looking for ways to make money in a competitive mobile app market, and mining bitcoin via these apps has become an inviting venture. Cryptocurrency mining—the process of confirm...