Cryptomining Africa

Image sourced from www.pymnts.com. In Q2 2022, Kaspersky solutions detected 40,788 new modifications of miners. According to Kaspersky Security Network data, in the African region, the number of home users affected by cryptominers in Q2 of 2022 decreased slightly compared to the previous quarter. However, the possibility of a surge in cryptomining attacks persists and could be directly correlated to cryptocurrency exchange rates. What is Crypto-Mining? Cryptomining is a process during which users mining cryptocurrencies utilise computers, data, codes, and calculations to validate cryptocurrency transactions and earn cryptocurrency as compensation for their work. Cryptomining is highly resource-consuming and hence expensive to do, which is why cybercriminals seek access to others’ machines ...