IoT malware up over 200 percent in 2018

New malware targeting IoT devices grew 72 percent, with total malware growing 203 percent in the last four quarters according to McAfee's third quarter threat report. This growth has been partly due to devices being harnessed for cryptomining. IoT devices such as cameras or video recorders have not typically been used for this because they lack the CPU power of desktop and laptop computers. However, cybercriminals have taken notice of the growing volume and lax security of many IoT devices and have begun to focus on them, harnessing thousands of devices to create a mining super-computer. New coin-mining malware grew… [Continue Reading]