According to research by Symantec, a cybersecurity company, the price surge of crypto has been followed by a wave of cryptojacking attacks.
It is reported that there has been a 163 per cent rise in cryptojacking activities that are browser-based in the second half of 2020. The cryptojacking was on the decline since the closedown of CoinHive, a mining script maker.
It has been pointed out that rise in the last quarter clashed with the value surge in BTC(Bitcoin) and Monero (XMR).
Cryptojacking was on its peak from late 2017 to about March 2019, becoming a prominent form of a cyber attack. Although, the CoinHive was reported economically unviable in 2019. As the mining service stopped, the developers detected about a 50 per cent drop in hash rate.
The people now have discovered that ‘it is too noisy as well as a waste of time to indulge in browser-based cryptocurrency mining. It instead results to be drawing more attention to their respective operations than profits.