Sponsored
Event 1

Switzerland has increasingly embraced cryptos and related businesses. However, the country’s crypto industry is no stranger to cyber attacks.

Switzerland has increasingly embraced cryptos and related businesses. However, the country’s crypto industry is no stranger to cyber attacks. A recent report uncovered the fact that a malware that mines Monero – Monerominer – was responsible for one of the most significant cyber attacks in the country’s crypto sphere this year. The report was published by the Reporting and Analysis Centre for Information Assurance (MELANI), which is a Swiss government funded body set up to coordinate cyber security issues. The 27th semi annual report, published on Thursday, gave details on the largest cyber attacks in Switzerland during the first half of this year. According to the report, Monerominer was responsible for the sixth largest cyber attack in the country. The mining malware enables mining of Monero [XMR] from personal computers without the knowledge of users. The spread of malware to mine Monero without the knowledge of users forced the team behind the crypto to launch a support work group website. The work group is a set of volunteers that provides live support and maintains resources that offer information on Monero mining. “We will not be able to eliminate malicious mining, but we hope to provide necessary education for people to better understand Monero, what mining is, and how to remove malware,” the team had stated at the time.