Share this article

1.6 Million Attacks: Kaspersky Reveals Data on Crypto Mining Malware

More than 1.65 million computers were targeted by cryptocurrency mining malware attacks in the first eight months of 2017, according to a new report.

Updated Sep 13, 2021, 6:55 a.m. Published Sep 13, 2017, 7:30 p.m.
Malware

More than 1.65 million computers were targeted by cryptocurrency mining malware attacks in the first eight months of 2017, according to a new report from Kaspersky Lab.

The Russia-based cybersecurity outfit said on Tuesday that the figure represents the number of computers, running Kaspersky software, that were protected from the malicious software, which can turn a machine into a remotely-controlled mining device without the owner actually knowing.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

The total for 2017 thus far seems on pace to exceed the number of attacks detected in 2016, which totaled 1.8 million. By comparison, Kaspersky detected just over 700,000 mining malware attacks in 2014.

Partially underpinning the incidents, the company said, are several large-scale botnets dedicated to malicious mining activities.

The report said:

"This results in threat actors receiving cryptocurrency, while their victims’ computer systems experience a dramatic slowdown. Over the last month alone, we have detected several large botnets designed to profit from concealed crypto mining."

The company only released the number of its own clients protected, and did not clarify how many machines they thought were infected globally, or if any of their customers were infected despite their protection.

Cryptocurrency mining botnets are nothing new. One of the newer botnets discovered in 2017 was developed out of a US National Security Agency exploit leaked by a group of hackers referred to as the Shadow Brokers.

Though miners traditionally infected Windows computers, they can also impact Linux machines. Some botnets infect machines which do not possess sufficient processing power to effectively mine for anything as well.

Malware image via Shutterstock

More For You

KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

16:9 Image

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

More For You

Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold

Here’s why bitcoin’s is failing its role as a 'safe haven'

Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash.

What to know:

  • During recent geopolitical tensions, Bitcoin lost 6.6% of its value, while gold rose 8.6%, demonstrating bitcoin's vulnerability in times of market stress.
  • Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash, contrary to its reputation as a stable digital asset.
  • Gold remains the preferred hedge for short-term risks, while bitcoin is better suited for long-term monetary and geopolitical uncertainties that unfold over years.