On Monday, October 8, the Cybersecurity authority of Iran have revealed in a report that the maximum number of recorded incidents of Coinhive cryptojacking software have taken place in Brazil.
Brazil, reportedly the country with the most reported cases, has been hit over 81,000 times by Coinhive, as per the Iranian authority’s report on malware in 2017. India is able to manage second position with close to 29,000 such cases, followed by Indonesia with more than 23,000, while Iran reached around 11,000 malware cases.
It is to be noted that Coinhive is a cryptocurrency mining software which mines Monero (XMR). Coinhive provides an Application Programming Interface (API) to developers, which then lets the developer use the CPU resources of the website visitors in order to mine the privacy-centered altcoin.
As per a study in the month of May, around 300 websites worldwide contained malicious code which would lead to a device becoming infected with Coinhive without the knowledge of the end users. Moreover, the software has been removed from League of Legends, the Philippines recently and police in Japan investigated a cryptojacking case with Coinhive used as malware.
CERTCC found the capital Tehran to be most contaminated with 606 reports, followed by Esfahan with 244 such cases, relating to Iran specifically.
The authors of the report forecasted that it is expected to be one of the security challenges in years to come.
As per calculations in the month of June, around 5 percent of the total circulating Monero supply was mined by using illicit techniques like cryptojacking. Moreover, overall cryptojacking malware reports jumped almost 500 percent in 2018, as per Cointelegraph reports.