Saturday, February 27, 2021
Only Bitcoin Market News
Advertisement
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
Only Bitcoin Market News
No Result
View All Result

Significant drop in DDoS attacks last year as cybercriminals direct their efforts

5 days ago
in spam
2 min read
Significant drop in DDoS attacks last year as cybercriminals direct their efforts
Share on FacebookShare on Twitter


With everyone doing everything online last year thanks to Covid-19, there was an understandable increase in cyber criminal activity. In particular, cyber security group Kaspersky reported a “boom of DDoS attacks” in 2020. Kaspersky reports that they detected 31% percent fewer of these attacks in fiscal quarter 4 than in fiscal quarter 3, an incredibly steep decline. Kaspersky speculates that this may be due to the rise in cryptocurrency value, and cybercriminals devoting devices infected by their botnets to mining cryptocurrency rather than carrying out DDoS attacks.

DDoS? What’s that?

Some quick explaining for the confused. DDoS stands for “Distributed Denial of Service”. To carry out a DDoS attack, several things need to happen. First, the attacker has to use malware to infect a group of computers with a software that allows them to control them. This network of infected systems is called a botnet. The attacker then uses the botnet to spam a targeted server or system (one that provides its users with a service) with requests for data, effectively flooding it. This causes the server or system to be unable to deliver the service it does, and can even crash it.

The result: a loss in productivity and therefore income. Customers cannot get onto a web page offering a service and so the company who runs the page will lose whatever income they may have gained by it. DDoS attackers generally don’t make money off of these attacks. They carry them out for a range of reasons, from infantile pranks to activism.

So what happened last year?

As mentioned above, with many businesses going entirely online last year, there was a rise in DDoS attacks. But, even though there were still 10% more attacks in Q4 2020 than in Q4 2019, the number of attacks in Q4 2020 dropped from the previous quarter by 30%, says Kaspersky.

Kaspersky experts theorize that this could be because cybercriminals are turning their attention to where the money is: cryptocurrency. Cryptocurrencies like Bitcoin have been on the rise in the past few months, with Bitcoin jumping 305% in price over the course of last year, and hitting an all time high earlier this year. Cybercriminals could be devoting the computing power of their fleets of infected systems to mine cryptocurrency instead carrying out DDoS attacks.

Kaspersky explains that this makes sense when backed up with its statistics regarding cryptomining. Over the course of 2019 and the beginning of last year, the number of cryptominers was declining. However, in August of last year, this trend changed, jumping over August and September, then plateauing for the rest of the year.

“The DDoS attack market is currently affected by two opposite trends,” says Alexey Kiselev, Business Development Manager on the Kaspersky DDoS Protection team. “…people still highly rely on stable work of online resources, which can make DDoS attacks a common choice for malefactors. However, with a spike in cryptocurrency…



Read more:Significant drop in DDoS attacks last year as cybercriminals direct their efforts

Related articles

How to Avoid Spamming Customers With Text Messages – businessnewsdaily.com

How to Avoid Spamming Customers With Text Messages – businessnewsdaily.com

February 26, 2021
This chart shows the connections between cybercrime groups | ZDNet

This chart shows the connections between cybercrime groups | ZDNet

February 25, 2021
Tags: Attacksbitcoin news todayCybercriminalsDDoSDirectdropeffortssignificantyear

Related Posts

How to Avoid Spamming Customers With Text Messages – businessnewsdaily.com

How to Avoid Spamming Customers With Text Messages – businessnewsdaily.com

by Bitcoin Market
February 26, 2021
0

Text message spam includes texts designed to sell consumers unwanted products or to steal their personal information. Sending spam...

This chart shows the connections between cybercrime groups | ZDNet

This chart shows the connections between cybercrime groups | ZDNet

by Bitcoin Market
February 25, 2021
0

Cybersecurity reports often talk about threat actors and their malware/hacking operations as self-standing events, but, in reality, the cybercrime...

Everything to know about buzzy social app Clubhouse

Everything to know about buzzy social app Clubhouse

by Bitcoin Market
February 25, 2021
0

© 2020 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of...

An extraordinary scam that is netting millions

An extraordinary scam that is netting millions

by Bitcoin Market
February 24, 2021
0

An extraordinary scam that is netting millions - Romano Sala Tenna | Livewire Livewire Markets Read more:An extraordinary...

India second most targeted country by cyberattackers in Asia Pacific in 2020

India second most targeted country by cyberattackers in Asia Pacific in 2020

by Bitcoin Market
February 24, 2021
0

India faced the second highest number of cyberattacks in Asia Pacific in 2020 after Japan, accounting for 7% of...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

June 8, 2020
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

February 18, 2021
5 Cryptocurrency Staking Providers – A Review | Hacker Noon

5 Cryptocurrency Staking Providers – A Review | Hacker Noon

January 30, 2021
Bitcoin boom backstopped by central banks’ easy-money policies

Bitcoin boom backstopped by central banks’ easy-money policies

February 4, 2021
Bitcoin has established itself as a macro asset and should be viewed like gold:

Bitcoin has established itself as a macro asset and should be viewed like gold:

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
Bitcoin has established itself as a macro asset and should be viewed like gold:

Bitcoin has established itself as a macro asset and should be viewed like gold:

February 27, 2021
Proactive news headlines: Cellular Goods, Argo Blockchain, Corero Network Security,

Proactive news headlines: Cellular Goods, Argo Blockchain, Corero Network Security,

February 27, 2021
ICE investigators used a private utility database covering millions to pursue

ICE investigators used a private utility database covering millions to pursue

February 27, 2021
Why The9 Limited Stock Got Crushed Today | The Motley Fool

Why The9 Limited Stock Got Crushed Today | The Motley Fool

February 27, 2021
Increasing stock market volatility drags Bitcoin and altcoin prices lower

Increasing stock market volatility drags Bitcoin and altcoin prices lower

February 27, 2021
Market Wrap: Bitcoin Heads for Worst Week Since March as Prices Hold Around $46.5K –

Market Wrap: Bitcoin Heads for Worst Week Since March as Prices Hold Around $46.5K –

February 27, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • bitcoinBitcoin(BTC)$47,945.001.29%
  • bitcoin-cashBitcoin Cash(BCH)$494.130.052%
  • binance-coinBinance Coin(BNB)$228.82-1.09%
  • bitcoin-goldBitcoin Gold(BTG)$26.740.512%
  • bitcoin-privateBitcoin Private(BTCP)$0.405-44.70%
  • blocktixBlocktix(TIX)$0.0200.00%