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Crypto-attacks are rising in Asia – and cybersecurity AI may be the best way to fight the threat

In the realm of cryptocurrency, the dangers of clandestine cyber attacks that target and siphon valuable assets may not always be clear – but they are present. Worryingly, it has become increasingly apparent that traditional tools to counter these threats are struggling to keep up in a constantly evolving landscape. Early detection of attacks is more necessary.

From January to May this year, UK-based cybersecurity start-up Darktrace detected a 78 per cent growth in the frequency of under-radar crypto-jacking threats and a total of 1,313 crypto-mining incidents across the world.

Moreover, it observed a rise in crypto-mining attacks in the Asia Pacific (APAC) region – particularly in Singapore, Hong Kong and Australia, where cryptocurrency mining malware encounters were 17 per cent more than the global average.

 

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