Kaspersky Lab Says Malware Attack on Bitcoin Fell Drastically in 2015

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Kaspersky Lab Says Malware Attack on Bitcoin Fell Drastically in 2015

News which can boost the morale of Bitcoin user who feel insecure regarding the safety and security of their digital currency has come from Kaspersky Lab, a company that provides cybersecurity software. The report from Kaspersky Lab has found developers continue to target users with malware geared toward illicitly generating or stealing Bitcoin; however, the number of attacks have fallen over the past year.

In its report on cybersecurity threats Kaspersky Lab concludes that Bitcoin mining malware accounted for 9% of financial bugs detected and programs designed to steal Bitcoins from wallets accounted for 6%. Nonetheless, these figures suggest a possible decline in activity which could definitely encourage the news users to engage with the new payment solution that is revolutionizing the way the currencies have been seen so far.

Nonetheless, Kaspersky Lab’s Q2 report from last year shows that detection rates for illicit mining programs and wallet stealers accounted for 14% and 8%, respectively. Additionally, as the firm’s Q1 data shows that Bitcoin mining and wallet theft malware accounted for 12% and 3% of malware types detected, it appears, the decrease has been reduced significantly after alarm was made by Kaspersky the last year.

Is Malware Attack on Bitcoin Proportionate to Exchange Value?

Is Malware Attack on Bitcoin Proportionate to Exchange Value?

However, a number of observers who have been witnessing malware attacks on Bitcoin exchanges where they lost their investments are unable to understand what the decline might mean. Earlier in 2013, the Kaspersky Lab in its assessment found that, at the time, year-over-year malware deployments related to Bitcoin rose overall.

The company had then said that it could be suggested that the prominence of Bitcoin malware has some relationship with the market price. Interestingly, it was the year 2013 when the digital currency saw huge increase in the exchange value against USD. The prices of Bitcoin went up to $1200 in October 2013. However, later on the next year, they fell to below $200.

Kaspersky Lab says that the vast majority of financial malware detected by them i.e. 83% were related to banking software. The firm also says that it found that mobile threats are on the rise, suggesting that malware developers are taking advantage of rising investments in mobile platforms by the world’s major banks.

Nonetheless, the report also says that averages of 40% of computers worldwide were targeted at least once during the second quarter.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com