The 4000% spike that the cryptocurrency market doesn’t need

Crypto malware is on the rise – and it’s now targeting your camera too…

There’s been a lot of red ink around the cryptocurrency marketplace across the last six to eight weeks, with the majority of numbers in the sector – save for the last day or two – going down rather than up.

Now though comes a number that’s very much gone in the opposite direction – not that anybody wants it to.

The new quarterly report from McAfee Labs (that’s unrelated these days, of course, to controversial cryptocurrency advocate John McAfee) has revealed that there’s been a dramatic rise in cryptocurrency malware over the past year, to the tune of over 4000%.

And there’s more, er, terrific news, too.

As per the report, cryptocurrency mining malware is now targeting a broader spectrum of Internet of Things (IoT) devices on top of standard user computers. These include relatively low power devices such as video recorders and cameras, that are web connected and tend to have…