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Hackers Shifted To Crypto-Mining Using ‘DDoS’ Attack

As claimed by the research results from Kaspersky Labs, cybercriminals are gradually turning their backs on crime because they are finding it is more practical to mine crypto.

Through Kommersant, the Russian software giant affirmed that distributed denial-of-service (DDoS) attacks in the final quarter of the 2020 financial year were actually up on the previous quarter’s figures by 10%. However, he pointed out that in the same period in 2019, the rate multiplied by a massive 44%.

Kaspersky cited that the slowdown had been “caused by the rise of crypto prices,” and presumed that botnet operator had redirected at least “part of their capacities” to mining.

Aleksey Kiselev, a Kaspersky project manager in charge of the firm’s DDoS Protection team, stated that “no explosive growth or fall” in DDoS attacks was “expected in the near future” – perhaps a sign that criminals too believe that Bitcoin (BTC) prices of USD 50,000 and above, as well as sky-high altcoin growth, are no mere flashes in the pan.

Kiselev claimed that while DDoS was a “tool that remains in demand among cybercriminals,” the “rise in the price of cryptocurrencies” carried another risk, meaning that crypto-related groups could become the focus of new attack strategies.

A conceptual diagram of a DDoS attack

Higher token costs, Kiselev replied, “make [potential] attacks on crypto miners more lucrative.”

Russian hackers are deemed to be some of the most active botnet users globally and have successfully used the technology to perform crippling attacks on several domestic and overseas websites.

Nevertheless, it appears that Russian computer specialists have had their heads turned by crypto mining, with reports last month that “high-performance [cards] have completely disappeared” from the “open” market.

Miners are now paying inflated fees worth over double the market price for video cards on the black market – bulk-buying batches of 1,000 cards or rigs directly from suppliers.

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