Study Shows Indonesia Was Hit Hard By Crypto-Centric Attacks

Published on by Cointele | Published on

Microsoft research shows crypto-related attacks grew in Indonesia during from 2018 to 2019.

Listen to article Research from Microsoft reveals that Indonesia had the highest malware encounter rate across the Asia Pacific region in 2019.

They conclude that this indicates a surge in cryptojacking and ransomware attacks.

The report shows that the region continues to experience a "Higher-than-average" encounter rate for ransomware and other malware attacks, posting figures 1.6 and 1.7 times higher than the rest of the world, respectively.

Ransomware and cryptojacking attacks on the rise in IndonesiaIndonesia had a 10.68% malware attack rate during 2019.

Regarding ransomware attacks, Indonesia is now ranked in second place in terms of encounter rate at 14%. This is 2.8 times higher than the average registered across other countries in the region.

"While recent fluctuations in cryptocurrency value and the increased time required to generate cryptocurrency have resulted in attackers refocusing their efforts, they continue to exploit markets with low cyber awareness? and low adoption of cyber hygiene practices."

COVID-19 related cyber attacks surgeMicrosoft Intelligence Protection researchers raised concerns about the increase of COVID-19 themed attacks across every country in the world.

They note that there has been at least one incident per country, with the number of successful attacks in high-outbreak countries on the rise.

Recently, Cointelegraph reported that Singapore has seen a significant increase in attempted cryptojacking attacks during the first quarter of 2020.