RATE Group | Illicit Cryptocurrency Mining and Gold
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Illicit Cryptocurrency Mining and Gold

Illicit Cryptocurrency Mining and Gold

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Progress, as they say, outpaces regulation.

And a new report from the Cyber Threat Alliance (CTA) demonstrates the potential fallout when such a statement proves true.

The report, a joint analysis of cyber vulnerabilities by security heavyweights like Cisco Talos, Fortinet, McAfee, CTA itself, and others, focuses on alarming increases in malicious activity plaguing the cryptocurrency space.

In particular, the study centers around the extraordinary finding that detections of “illicit cryptocurrency mining” have increased a staggering 459% from 2017 to 2018.

While the report primarily focuses on cybersecurity weaknesses and what individuals, and to a greater extent, enterprises should be watching for, the glaring assessment that “this rapid growth [in malicious practices] shows no signs of slowing down,” doesn’t bode well for consumer faith in the field of digital money.

Particularly when compared to longstanding markets like

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