The 2018 Kaspersky Security Bulletin, published last week, ranks Vietnam the second hardest hit country by cryptomining attacks between January and October, with 13 percent of all cybersecurity attacks in this period launched by cryptominers.
Kazakhstan comes out on top at 16th place.75%, followed by Vietnam, then Indonesia in 12th place.87% and Ukraine is 11.9 percent.
Cryptomining refers to solving complex computational problems to generate cryptocurrencies like Bitcoin.It usually requires a lot of computing power to do so, so the work is usually done using powerful computer hardware such as a graphics card.
Some cryptocurrency miners infect other users' computers to exploit their computing power and mine cryptocurrencies instead.Miners often find their way to company computers and machines using adware, hacked games, and other pirated content, the report said.
"The more freely unlicensed software is distributed, the more miners there are.This is confirmed by our statistics, which show that miners regularly access victim computers along with pirated software."
Content piracy and copyright infringement are still rampant in Vietnam, partly due to high licensing fees and a lack of effective law enforcement, the report said.
Also according to the Kaspersky report, the regulatory control over cryptocurrencies has had little impact on the spread of hidden mining. While the Vietnamese government never legalized cryptocurrencies, it was still among the most targeted countries for cryptomining attacks.
Vietnam is particularly vulnerable to cryptomining malware due to its weak cybersecurity, speakers had said at a regional conference in September.
The country suffered more than 6,500 cyber attacks in the first eight months of this year.
Nguyen Trong Duong, Director of the Vietnam Computer Emergency Response Team, said during a cybersecurity conference in Hanoi earlier this year that cybercriminals are shifting from spreading ransomware, encrypting users' data. and prevent them from accessing unless a ransom is paid, to spreading cryptomining malware.This has happened as organizations and institutions have successfully developed countermeasures against ransomware, he added.
Malware costs 12 Vietnam Dong.3 trillion ($540 million) in losses last year, according to Bkav, a Vietnamese cybersecurity corporation.
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